XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.2
STOCK-BASED COMPENSATION
 6 Months Ended
Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
Expense
 
Three Months Ended  
June 30,
 
Six Months Ended  
June 30,
(in thousands)
2019
 
2018
 
2019
 
2018
Cost of revenues
$
4,911


$
4,257

 
$
9,430


$
7,958

Selling and marketing
8,364


6,038

 
15,738


10,696

Research and development
4,572


3,802

 
9,132


7,439

General and administrative
2,200


1,959

 
4,097


5,072

 
$
20,047


$
16,056

 
$
38,397


$
31,165

Income tax benefit
$
(4,056
)

$
(3,341
)
 
$
(7,796
)

$
(6,482
)

As of June 30, 2019, the Company had $99.5 million of unrecognized stock-based compensation expense, net of estimated forfeitures, which is expected to be recognized over a weighted-average period of 2.2 years.
Grants
The Company granted the following stock-based compensation awards:
 
Six Months Ended  
June 30, 2019
(in thousands)
Shares
 
Total Fair Value
RSUs
949

 
$
60,855

Non-qualified stock options
1,828

 
$
34,481


Vestings and exercises
During the six months ended June 30, 2019, 0.8 million shares of common stock were issued due to stock option exercises and RSU vestings under the Company’s stock-based compensation plans.