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Stock-based Compensation Expense and Share Repurchase Programs (Tables)
 6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense by Line Item
During the three and six months ended June 30, 2020 and 2019, the Company recognized the following stock-based compensation expense:
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
(in thousands)
Stock-based compensation expense by type of award:
Restricted stock and restricted stock units (including PSUs)
$98,419  $60,966  $195,568  $124,476  
Stock options
16,847  26,160  34,113  54,316  
ESPP share issuances
2,855  2,809  5,340  5,386  
Stock-based compensation expense related to inventories
(932) (248) (2,126) (700) 
Total stock-based compensation expense included in costs and expenses
$117,189  $89,687  $232,895  $183,478  
Stock-based compensation expense by line item:
Cost of sales
$1,387  $1,503  $2,748  $2,841  
Research and development expenses
70,275  55,632  142,962  115,347  
Sales, general and administrative expenses
45,527  32,552  87,185  65,290  
Total stock-based compensation expense included in costs and expenses
117,189  89,687  232,895  183,478  
Income tax effect
(31,151) (26,118) (95,397) (65,642) 
Total stock-based compensation expense, net of tax
$86,038  $63,569  $137,498  $117,836  
Schedule of Unrecognized Stock-based Compensation Expense, Net of Estimated Forfeitures
The following table sets forth the Company’s unrecognized stock-based compensation expense as of June 30, 2020, by type of award and the weighted-average period over which that expense is expected to be recognized:
As of June 30, 2020
Unrecognized Expense
Weighted-average 
Recognition Period
(in thousands)(in years)
Type of award:
Restricted stock units (including PSUs)
$473,493  2.08
Stock options
$91,779  2.15
ESPP share issuances
$6,489  0.59
Schedule of Stock Options Outstanding and Exercisable
The following table summarizes information about stock options outstanding and exercisable as of June 30, 2020:
Options Outstanding
Options Exercisable
Range of
Exercise Prices
Number 
Outstanding
Weighted-average 
Remaining 
Contractual Life
Weighted-average 
Exercise Price
Number 
Exercisable
Weighted-average 
Exercise Price
(in thousands)(in years)(per share)(in thousands)(per share)
$33.82–$40.00
67  1.27$37.85  67  $37.85  
$40.01–$60.00
166  2.20$47.20  166  $47.20  
$60.01–$80.00
107  3.77$74.83  105  $74.83  
$80.01–$100.00
1,095  5.92$88.92  889  $89.33  
$100.01–$120.00
132  4.64$109.27  130  $109.20  
$120.01–$140.00
288  5.23$129.41  286  $129.43  
$140.01–$160.00
784  7.61$155.49  340  $155.39  
$160.01–$180.00
619  8.02$168.32  252  $165.43  
$180.01–$200.00
1,307  8.40$185.32  365  $184.82  
$200.01–$286.27
23  9.92$286.27  23  $286.27  
Total4,588  6.89$139.99  2,623  $121.00