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RECONCILIATION OF INCOME BEFORE INCOME TAXES TO NON-GAAP INCOME BEFORE INCOME TAXES
(Unaudited, in thousands) | ||||||||||||||||
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Three Months Ended
June 30, |
Six Months Ended
June 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Total income before income taxes | $ | 124,048 | $ | 118,868 | $ | 229,075 | $ | 248,441 | ||||||||
| Adjustments to reconcile income before income taxes to non-GAAP income before income taxes: | ||||||||||||||||
| Stock-based compensation and related expenses* | 52,704 | 37,992 | 104,473 | 75,001 | ||||||||||||
| Amortization of acquisition-related intangible assets | 372 | 33 | 663 | 66 | ||||||||||||
| Deferred compensation plan expense, net | 106 | 260 | 153 | 511 | ||||||||||||
| Non-GAAP income before income taxes | $ | 177,230 | $ | 157,153 | $ | 334,364 | $ | 324,019 | ||||||||
*Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.
