Stock-based Compensation Expense and Share Repurchase Programs (Tables)

9 Months Ended

Sep. 30, 2021

During the three and nine months ended September 30, 2021 and 2020, the Company recognized the following stock-based compensation expense:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands)
Stock-based compensation expense by type of award:
Restricted stock units (including PSUs) and restricted stock	$	89,458	$	84,043	$	279,131	$	279,611
Stock options	7,875		13,221		29,580		47,334
ESPP share issuances	6,321		3,225		17,895		8,565
Stock-based compensation expense related to inventories	(658)		(950)		(3,814)		(3,076)
Total stock-based compensation expense included in costs and expenses	$	102,996	$	99,539	$	322,792	$	332,434

Stock-based compensation expense by line item:
Cost of sales	$	1,599	$	1,250	$	4,570	$	3,998
Research and development expenses	60,995		60,770		196,412		203,732
Selling, general and administrative expenses	40,402		37,519		121,810		124,704
Total stock-based compensation expense included in costs and expenses	102,996		99,539		322,792		332,434
Income tax effect	(21,556)		(35,295)		(73,663)		(130,692)
Total stock-based compensation expense, net of tax	$	81,440	$	64,244	$	249,129	$	201,742