Stockholders' Equity

9 Months Ended

Sep. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Share Repurchase Program

In October 2013, the Board of Directors authorized a $750.0 million share repurchase program, effective from October 16, 2013 through December 31, 2016. During the nine months ended September 30, 2015, the Company repurchased 2.8 million shares of its common stock for $202.4 million.

Stock-Based Compensation

The following table summarizes stock-based compensation included in the Company’s consolidated statements of income for the three and nine months ended September 30, 2015 and 2014 (in thousands):

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2015			2014			2015			2014
Cost of revenue	$	3,579		$	3,030		$	10,244		$	8,901
Research and development	5,982			4,979			17,357			14,517
Sales and marketing	13,465			12,110			39,295			35,438
General and administrative	8,020			7,889			26,070			25,944
Total stock-based compensation	31,046			28,008			92,966			84,800
Provision for income taxes	(11,218		)	(8,472		)	(33,325		)	(26,852		)
Total stock-based compensation, net of income taxes	$	19,828		$	19,536		$	59,641		$	57,948

In addition to the amounts of stock-based compensation reported in the table above, the Company’s consolidated statements of income for the three and nine months ended September 30, 2015 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $2.9 million and $9.3 million, respectively, before income taxes. For the three and nine months ended September 30, 2014, the Company's consolidated statements of income include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $3.6 million and $7.5 million, respectively, before income taxes.