SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

SEGMENT REPORTING

Schedule of consolidated operating results including significant segment expenses

The table below presents the Company’s consolidated operating results including significant segment expenses:

	Year Ended December 31,
(In thousands)	2024		2023		2022
NET REVENUES	$	418,973	$	444,538	$	651,138
Less:
Stock-based compensation (1)		35,076		28,528		22,364
Amortization of acquisition-related intangible assets (2)		1,034		1,928		2,169
Cost of revenues (excluding 1 & 2)		191,098		211,962		281,171
Research and development (excluding 1)		88,203		85,128		83,466
Sales and marketing (excluding 1 & 2)		59,761		57,710		56,298
General and administrative (excluding 1)		25,872		24,223		24,128
Other operating expenses, net		—		—		1,130
INCOME FROM OPERATIONS		17,929		35,059		180,412
OTHER INCOME		12,825		10,848		3,014
PROVISION (BENEFIT) FOR INCOME TAXES		(1,480)		(9,828)		12,575
NET INCOME	$	32,234	$	55,735	$	170,851

Schedule of other segment information

The table below presents other segment information:

	Year Ended December 31,
(In thousands)	2024		2023		2022
Depreciation	$	33,303	$	35,203	$	34,930
Amortization of intangibles	$	1,279	$	2,173	$	2,415
Interest income	$	13,576	$	11,655	$	3,471