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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 512,364 $ 467,972
Accounts receivable and unbilled receivables, net of allowances of $6,463 and $5,564, respectively 248,512 252,025
Inventories 103,466 110,099
Prepaid expenses 26,585 25,966
Other current assets 98,991 71,509
Total current assets 989,918 927,571
Property and equipment, net 109,034 108,601
Long-term investment in sales-type leases, net 43,909 42,954
Operating lease right-of-use assets 26,531 24,988
Goodwill 735,357 735,810
Intangible assets, net 205,115 211,173
Long-term deferred tax assets 37,383 32,901
Prepaid commissions 50,191 52,414
Other long-term assets 86,317 90,466
Total assets 2,283,755 2,226,878
Current liabilities:    
Accounts payable 43,145 45,028
Accrued compensation 41,446 51,754
Accrued liabilities 167,187 149,276
Deferred revenues 164,586 121,734
Total current liabilities 416,364 367,792
Long-term deferred revenues 65,195 58,622
Long-term deferred tax liabilities 1,493 1,620
Long-term operating lease liabilities 34,568 33,910
Other long-term liabilities 7,099 6,318
Convertible senior notes, net 570,439 569,662
Total liabilities 1,095,158 1,037,924
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000 shares authorized; no shares issued 0 0
Common stock, $0.001 par value, 100,000 shares authorized; 56,207 and 55,822 shares issued; 45,924 and 45,539 shares outstanding, respectively 56 56
Treasury stock at cost, 10,283 shares outstanding, respectively (290,319) (290,319)
Additional paid-in capital 1,139,010 1,122,292
Retained earnings 354,681 370,357
Accumulated other comprehensive loss (14,831) (13,432)
Total stockholders’ equity 1,188,597 1,188,954
Total liabilities and stockholders’ equity $ 2,283,755 $ 2,226,878