Stockholders' Deficit

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Treasury Stock

Treasury stock is accounted for under the cost method. Treasury stock includes shares repurchased under stock repurchase programs and shares withheld in lieu of the tax withholding due upon vesting of RSUs.

Effective February 11, 2021, the Company’s Board of Directors (“Board”) authorized the repurchase of its common stock in the amount of approximately $747.0 million, in addition to the $253.0 million that remained available for repurchases under the share repurchase program, for a total repurchase authorization of up to $1.0 billion under the program. The program has no expiration date. Purchases made under the program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions. As of December 31, 2021 there was approximately $382.6 million remaining available for repurchases under the program.

Effective February 10, 2022, the Company’s Board authorized the repurchase of its common stock in the amount of $705.4 million, in addition to the $294.6 million that remained available for repurchases under the program, for a total repurchase authorization of up to $1.0 billion under the program.

The summary of the Company’s common stock repurchases for 2021, 2020 and 2019 are as follows:

	2021				2020				2019
	Shares		Average Price		Shares		Average Price		Shares		Average Price
	(In thousands, except average price amounts)
Total repurchases under the repurchase plans	3,253		$	215.16	3,674		$	200.06	3,911		$	188.84
Total repurchases for tax withholdings	108		$	209.40	204		$	208.92	243		$	181.07
Total repurchases	3,361		$	214.97	3,878		$	200.48	4,154		$	188.39
Total costs	$	722,587			$	777,454			$	782,583

Since inception, the Company has repurchased 243.7 million shares of its common stock for an aggregate cost of $11.70 billion, which is recorded as a reduction of Additional paid-in capital.

Accumulated Other Comprehensive Loss

The following table summarizes the changes in the components of Accumulated other comprehensive loss for 2021 and 2020:

	Foreign Currency Translation Adjustments Loss		Unrealized Gain (Loss) On Investments		Total Accumulated Other Comprehensive Loss
	(In thousands)
Balance, December 31, 2019	$	(2,836)	$	215	$	(2,621)
Changes	—		(135)		(135)
Balance, December 31, 2020	(2,836)		80		(2,756)
Changes	—		(29)		(29)
Balance, December 31, 2021	$	(2,836)	$	51	$	(2,785)