SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

SUPPLEMENTAL STOCKHOLDERS' EQUITY INFORMATION

SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION

Share Repurchases

The Board of Directors approved Class A share repurchase programs in February 2022 ($150.0 million) and February 2023 ($250.0 million). In February 2025, in addition to the remaining authorizations, the Board of Directors approved a $350.0 million Class A share repurchase program. The authorizations provide that shares of Class A Common Stock may be purchased from time to time as market conditions warrant, through open-market purchases, privately negotiated transactions or other means, including Rule 10b5-1 trading plans. We expect to repurchase shares to offset the impact of dilution from our equity compensation program and to return capital to our stockholders. There is no expiration date with respect to these authorizations.

As of March 31, 2025, repurchases under these authorizations totaled approximately $293.5 million (excluding commissions and excise taxes), leaving approximately $456.5 million remaining under the 2023 and 2025 authorizations. During the first quarter ended March 31, 2025, repurchases under these authorizations totaled approximately $58.9 million.

Accumulated Other Comprehensive Income

The following table summarizes the changes in AOCI by component as of March 31, 2025:

(In thousands)	Foreign Currency Translation Adjustments		Funded Status of Benefit Plans		Net Unrealized Gain/(Loss) on Available-For-Sale Securities		Total Accumulated Other Comprehensive Loss
Balance as of December 31, 2024	$	(2,762)	$	(363,874)	$	830	$	(365,806)
Other comprehensive income before reclassifications, before tax	2,488		—		1,021		3,509
Amounts reclassified from accumulated other comprehensive loss, before tax	—		4,405		—		4,405
Income tax expense	654		1,158		268		2,080
Net current-period other comprehensive income, net of tax	1,834		3,247		753		5,834
Balance as of March 31, 2025	$	(928)	$	(360,627)	$	1,583	$	(359,972)

The following table summarizes the reclassifications from AOCI for the quarter ended March 31, 2025:

(In thousands) Detail about accumulated other comprehensive loss components	Amounts reclassified from accumulated other comprehensive loss		Affects line item in the statement where net income is presented
Funded status of benefit plans:
Amortization of prior service credit(1)	$	(486)	Other components of net periodic benefit costs
Amortization of actuarial loss(1)	4,891		Other components of net periodic benefit costs
Total reclassification, before tax	4,405
Income tax expense	1,158		Income tax expense
Total reclassification, net of tax	$	3,247

(1)These AOCI components are included in the computation of net periodic benefit cost/(income) for pension benefits. See Note 9 for more information.

Stock-based Compensation Expense

Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations is as follows:

	For the Quarters Ended
(In thousands)	March 31, 2025		March 31, 2024
Cost of revenue	$	4,291	$	3,954
Sales and marketing	578		392
Product development	6,617		6,235
General and administrative	5,867		5,275
Total stock-based compensation expense	$	17,353	$	15,856