Stockholders' Equity

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2019, the Company repurchased 1.1 million and 1.5 million shares of its common stock, respectively, for $81.4 million and $116.2 million, respectively. 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 and six months ended June 30, 2019 and 2018 (in thousands):



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Cost of revenue	$	5,793		$	5,553		$	11,362		$	10,849
Research and development	12,044			10,926			24,101			21,435
Sales and marketing	15,740			16,749			30,791			32,708
General and administrative	14,565			14,269			27,193			27,191
Total stock-based compensation	48,142			47,497			93,447			92,183
Provision for income taxes	(13,798		)	(18,802		)	(26,791		)	(29,890		)
Total stock-based compensation, net of income taxes	$	34,344		$	28,695		$	66,656		$	62,293

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 six months ended June 30, 2019 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $7.3 million and $15.4 million, respectively, before taxes, and for the three and six months ended June 30, 2018, include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $5.8 million and $11.4 million, respectively, before taxes.