Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Stockholders' Equity Note [Abstract]

Stockholders’ Equity

Share Repurchase Program

Effective November 2018, the Board authorized a $1.1 billion repurchase program through December 2021. During the three months ended March 31, 2019, the Company repurchased 0.5 million shares of its common stock for $34.9 million. The Company's goals for the share repurchase programs are 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.

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, 2019 and 2018 (in thousands):



	For the Three Months Ended March 31,
	2019			2018
Cost of revenue	$	5,569		$	5,296
Research and development	12,057			10,509
Sales and marketing	15,051			15,959
General and administrative	12,628			12,922
Total stock-based compensation	45,305			44,686
Provision for income taxes	(12,993		)	(11,088		)
Total stock-based compensation, net of income taxes	$	32,312		$	33,598

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, 2019 and March 31, 2018 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $8.1 million and $5.6 million, respectively, before taxes.