Stockholders' Equity

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Share Repurchase Program

In February 2016, the Board of Directors authorized a $1.0 billion repurchase program effective from February 2016 through December 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, 2017, the Company repurchased 1.1 million shares of its common stock for $72.5 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, 2017 and 2016 (in thousands):

	For the Three Months Ended March 31,
	2017			2016
Cost of revenue	$	4,685		$	3,970
Research and development	9,029			6,438
Sales and marketing	15,157			12,352
General and administrative	10,115			8,981
Total stock-based compensation	38,986			31,741
Provision for income taxes	(17,985		)	(12,133		)
Total stock-based compensation, net of income taxes	$	21,001		$	19,608

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, 2017 and 2016 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $3.5 million and $3.3 million, respectively, before taxes.