Three Months Ended

Six Months Ended

June 30,

June 30,

2022

2021

2022

2021

Cost of subscriptions and licenses

$

36,806

$

29,881

$

70,533

$

58,826

Amortization of purchased intangibles and developed technologies

(3,154

)

(1,192

)

(6,176

)

(2,437

)

Stock-based compensation

(781

)

(403

)

(1,161

)

(489

)

Realignment expenses

(39

)

—

(39

)

—

Adjusted cost of subscriptions and licenses

$

32,832

$

28,286

$

63,157

$

55,900

Cost of services

$

22,888

$

23,570

$

44,946

$

43,914

Stock-based compensation

(548

)

(153

)

(919

)

(388

)

Acquisition expenses

(1,293

)

(1,579

)

(2,617

)

(2,545

)

Realignment expenses

(33

)

—

(33

)

—

Adjusted cost of services

$

21,014

$

21,838

$

41,377

$

40,981

Research and development

$

64,866

$

52,776

$

126,139

$

100,579

Stock-based compensation

(5,520

)

(4,806

)

(10,869

)

(8,715

)

Acquisition expenses

(1,545

)

(1,971

)

(3,196

)

(3,345

)

Adjusted research and development

$

57,801

$

45,999

$

112,074

$

88,519

Selling and marketing

$

49,617

$

38,014

$

95,562

$

70,454

Stock-based compensation

(2,160

)

(1,313

)

(3,531

)

(2,003

)

Acquisition expenses

(322

)

(138

)

(745

)

(182

)

Realignment expenses

(1,949

)

—

(1,949

)

—

Adjusted selling and marketing

$

45,186

$

36,563

$

89,337

$

68,269

General and administrative

$

40,033

$

41,683

$

91,187

$

74,904

Stock-based compensation

(8,386

)

(5,010

)

(15,868

)

(9,003

)

Acquisition expenses

(696

)

(10,258

)

(11,295

)

(17,118

)

Realignment expenses

(1,173

)

—

(1,173

)

—

Adjusted general and administrative

$

29,778

$

26,415

$

62,851

$

48,783

Income from operations

$

55,717

$

33,213

$

112,309

$

88,860

Amortization of purchased intangibles and developed technologies

13,671

5,781

26,599

10,464

Stock-based compensation

17,395

11,685

32,348

20,598

Deferred compensation plan

(12,159

)

195

(17,297

)

362

Acquisition expenses

3,856

13,954

17,853

23,210

Realignment expenses

3,194

—

3,194

—

Adjusted income from operations

$

81,674

$

64,828

$

175,006

$

143,494