Stockholders' Equity

6 Months Ended

Jun. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Share Repurchase Program

In January 2013, the Board of Directors authorized a $150.0 million extension of its share repurchase program, effective for a twelve-month period beginning February 1, 2013. In October 2013, the Board of Directors authorized a new $750.0 million share repurchase program, effective from October 16, 2013 through December 31, 2016. During the three and six months ended June 30, 2014, the Company repurchased 1.3 million and 3.3 million shares of its common stock for $71.3 million and $187.5 million, respectively. During the three and six months ended June 30, 2013, the Company repurchased 1.1 million and 2.2 million shares of its common stock for $42.5 million and $82.8 million, respectively.

Stock-Based Compensation

The following table summarizes stock-based compensation included in the Company’s consolidated statements of operations for the three and six months ended June 30, 2014 and 2013 (in thousands):

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2014			2013			2014			2013
Cost of revenue	$	3,076		$	2,718		$	5,871		$	5,345
Research and development	5,061			3,867			9,538			8,236
Sales and marketing	12,796			9,799			23,328			19,230
General and administrative	10,745			8,417			18,055			14,921
Total stock-based compensation	31,678			24,801			56,792			47,732
Provision for income taxes	(10,156		)	(9,345		)	(18,380		)	(16,309		)
Total stock-based compensation, net of income taxes	$	21,522		$	15,456		$	38,412		$	31,423

In addition to the amounts of stock-based compensation reported in the table above, the Company’s consolidated statements of operations for the three and six months ended June 30, 2014 and 2013, respectively, include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $2.0 million and $3.9 million, respectively, before income taxes.