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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2018
Summary of Stock Based Compensation Expense

Expense

 

                     Three Months Ended                 
June 30,
                     Six Months Ended                 
June 30,
 
(in thousands)    2018      2017      2018      2017  
  

 

 

    

 

 

    

 

 

    

 

 

 

Cost of revenues

   $           4,257        $           3,677        $           7,958        $           7,299    

Selling and marketing

     6,038          4,101          10,696          7,506    

Research and development

     3,802          3,575          7,439          6,887    

General and administrative

     1,959          2,579          5,072          4,748    
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 16,056        $ 13,932        $ 31,165        $ 26,440    
  

 

 

    

 

 

    

 

 

    

 

 

 

Income tax benefit

   $ (3,341)       $ (4,287)       $ (6,482)       $ (8,102)   
Summary of stock based compensation award granted

Grants

The Company granted the following stock-based compensation awards:

 

                 Six Months Ended             
June 30,
 
(in thousands)            Shares                     Total Fair Value      

RSUs(1)

     931      $ 54,100   

Non-qualified stock options

     1,446      $ 26,000   

 

(1) 

Includes approximately 0.1 million RSUs which were granted in connection with the election by certain employees to receive 50% of their 2018 target incentive compensation under the Company’s Corporate Incentive Compensation Plan in the form of RSUs instead of cash. Stock-based compensation of approximately $8.2 million associated with this RSU grant is expected to be recognized over a one-year period beginning on the grant date.