Stockholders' Equity

3 Months Ended

Mar. 31, 2012

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Stock Repurchase Program

On April 28, 2010, the Company announced that its Board of Directors had authorized a $150.0 million stock repurchase program of the Company’s common stock from time to time over the next twelve months commencing in May 2010 on the open market or in privately negotiated transactions. On April 19, 2011, the Company’s Board of Directors authorized a an extension of the stock repurchase program authorizing up to an additional $150.0 million of repurchases over the next twelve months commencing in May 2011. The unused balance from the May 2010 extension was not carried forward for future purchases. On August 8, 2011, the Company's Board of Directors authorized an additional $250.0 million of stock repurchases over the twelve-month period that commenced in May 2011. As a result, the total authorized funding for stock repurchases during that twelve-month period increased to $400.0 million. On April 25, 2012, the Company announced that its Board of Directors has authorized an extension of its share repurchase program. Under this extension, the Company may purchase up to $150.0 million of its common stock during the twelve-month period beginning in May 2012. The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit the Company to repurchase shares when the Company might otherwise be precluded from doing so under insider trading laws. Subject to applicable securities laws, the Company may choose to suspend or discontinue the repurchase program at any time.

During the three months endedMarch 31, 2012, the Company repurchased 0.2 million shares of its common stock for $7.9 million. During the three months endedMarch 31, 2011, the Company repurchased 1.0 million shares of its common stock for $42.8 million. As of March 31, 2012, the Company had $121.8 million remaining available for future purchases of shares under the current repurchase program, which ended on May 2, 2012; the unused balance from such program may not be used for repurchases after May 2, 2012.

Stock-Based Compensation Expense

The following table summarizes the components of total stock-based compensation expense included in the Company’s consolidated statements of operations for the three months endedMarch 31, 2012 and 2011 (in thousands):

	For the Three Months Ended March 31,
	2012			2011
Stock-based compensation expense by type of award:
Stock options	$	3,100		$	3,786
RSUs	18,728			12,120
Shares issued under the Employee Stock Purchase Plan	1,394			1,630
Amounts capitalized as internal-use software	(2,298		)	(1,824		)
Total stock-based compensation before income taxes	20,924			15,712
Less: Income tax benefit	(8,497		)	(5,062		)
Total stock-based compensation, net of taxes	$	12,427		$	10,650
Effect of stock-based compensation on income by line item:
Cost of revenues	$	683		$	555
Research and development expense	3,930			2,762
Sales and marketing expense	10,134			6,846
General and administrative expense	6,177			5,549
Provision for income taxes	(8,497		)	(5,062		)
Total cost related to stock-based compensation, net of taxes	$	12,427		$	10,650

In addition to the amounts of stock-based compensation reported in the table above, the Company’s consolidated statements of operations for the three months ended March 31, 2012 and 2011 included stock-based compensation reflected as a component of amortization of capitalized internal-use software; the additional stock-based compensation for such periods was $1.8 million and $2.1 million, respectively, before taxes.