Stockholders' Equity

9 Months Ended

Sep. 30, 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 In February 2016, the Board of Directors authorized a $1.0 billion share repurchase program that superseded the October 2013 program and is effective from February 9, 2016 through December 31, 2018.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 nine months ended September 30, 2016, the Company repurchased 5.7 million shares of its common stock for $294.9 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, 2016 and 2015 (in thousands):

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of revenue	$	4,701		$	3,579		$	13,224		$	10,244
Research and development	7,727			5,982			20,917			17,357
Sales and marketing	14,729			13,465			40,340			39,295
General and administrative	11,495			8,020			30,823			26,070
Total stock-based compensation	38,652			31,046			105,304			92,966
Provision for income taxes	(11,664		)	(11,218		)	(36,185		)	(33,325		)
Total stock-based compensation, net of income taxes	$	26,988		$	19,828		$	69,119		$	59,641

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, 2016 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $3.5 million and $10.4 million, respectively, before taxes. For the three and nine months ended September 30, 2015, the Company's consolidated statements of income 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 taxes.