Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Stockholders’ Equity

Share Repurchase Program

Effective November 2018, the Board authorized a $1.1 billion share repurchase program through December 2021. During the three months ended March 31, 2020, the Company repurchased 0.9 million shares of its common stock for $80.6 million. The Company's goals for the share repurchase program 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, 2020 and 2019 (in thousands):


	For the Three Months Ended March 31,
	2020		2019
Cost of revenue	$	5,736	$	5,569
Research and development	12,065		12,057
Sales and marketing	15,735		15,051
General and administrative	13,957		12,628
Total stock-based compensation	47,493		45,305
Provision for income taxes	(12,636)		(12,993)
Total stock-based compensation, net of income taxes	$	34,857	$	32,312

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, 2020 and 2019 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $7.6 million and $8.1 million, respectively, before taxes.