Stockholders' Equity

3 Months Ended

Mar. 31, 2016

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. In February 2016, the Board of Directors authorized a new $1.0 billion share repurchase program that superseded the October 2013 program and is effective from February 9, 2016 through December 31, 2018. The Company's goal for the share repurchase program is to offset the dilution created by its employee equity compensation programs and provide the flexibility to return capital to shareholders as business and market conditions warrant. During the three months ended March 31, 2016, the Company repurchased 2.2 million shares of its common stock for $108.7 million.

Stock-Based Compensation

The following table summarizes stock-based compensation included in the Company’s consolidated statements of income for the three months ended March 31, 2016 and 2015 (in thousands):

	For the Three Months Ended March 31,
	2016			2015
Cost of revenue	$	3,970		$	3,163
Research and development	6,438			5,366
Sales and marketing	12,352			12,983
General and administrative	8,981			8,157
Total stock-based compensation	31,741			29,669
Provision for income taxes	(12,133		)	(11,702		)
Total stock-based compensation, net of income taxes	$	19,608		$	17,967

In addition to the amounts of stock-based compensation reported in the table above, the Company’s consolidated statements of income for the three months ended March 31, 2016 and 2015 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $3.3 million and $3.0 million, respectively, before taxes.