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STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

9. STOCK-BASED COMPENSATION

Expense


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019
Cost of revenue	$	5,100	$	4,787	$	15,636	$	14,216
Selling and marketing	12,658		8,317		33,968		24,055
Research and development	5,765		4,858		17,066		13,990
General and administrative	4,402		3,884		10,085		7,981
	$	27,925	$	21,846	$	76,755	$	60,242
Income tax benefit	$	(5,604)	$	(4,430)	$	(15,293)	$	(12,226)

As of September 30, 2020, the Company had $115.0 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:


	Nine Months Ended September 30, 2020
(in thousands)	Shares	Total Fair Value
RSUs	1,026	$	92,456
Non-qualified stock options	1,886	$	44,505
Common stock	6	$	701