Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Expense and Its Net Impact on Basic and Diluted Earnings Per Share

Total stock-based compensation expense and its net impact on basic and diluted earnings per share are as follows:

	Three Months Ended				Six Months Ended
(in thousands, except per share data)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Cost of sales:
Maintenance and service	$	3,478	$	2,264	$	6,356	$	4,827
Operating expenses:
Selling, general and administrative	32,194		19,596		56,099		40,040
Research and development	20,629		17,638		38,017		30,282
Stock-based compensation expense before taxes	56,301		39,498		100,472		75,149
Related income tax benefits	(10,669)		(7,165)		(28,855)		(32,053)
Stock-based compensation expense, net of taxes	$	45,632	$	32,333	$	71,617	$	43,096
Net impact on earnings per share:
Basic earnings per share	$	(0.53)	$	(0.37)	$	(0.82)	$	(0.50)
Diluted earnings per share	$	(0.52)	$	(0.37)	$	(0.82)	$	(0.49)