ANSYS (ANSS) 10-Q 2 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 28, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Entity File Number	0-20853
Entity Registrant Name	ANSYS, Inc.
Entity Central Index Key	0001013462
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	04-3219960
Entity Address, Address Line One	2600 ANSYS Drive,
Entity Address, City or Town	Canonsburg,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15317
City Area Code	844
Local Phone Number	462-6797
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		87,112,235
The Nasdaq Global Select Market
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	ANSS
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 632,509	$ 667,667
Short-term investments	194	361
Accounts receivable, less allowance for doubtful accounts of $14,600	602,607	645,891
Other receivables and current assets	214,566	324,655
Total current assets	1,449,876	1,638,574
Long-term assets:
Property and equipment, net	77,748	87,914
Operating lease right-of-use assets	123,511	120,881
Goodwill	3,532,459	3,409,271
Other intangible assets, net	739,202	763,119
Other long-term assets	214,648	279,676
Deferred income taxes	24,196	24,879
Total long-term assets	4,711,764	4,685,740
Total assets	6,161,640	6,324,314
Current liabilities:
Accounts payable	17,353	10,863
Accrued bonuses and commissions	80,282	163,182
Accrued income taxes	16,461	8,410
Other accrued expenses and liabilities	160,693	204,509
Deferred revenue	334,901	391,528
Total current liabilities	609,690	778,492
Long-term liabilities:
Deferred income taxes	48,357	105,548
Long-term operating lease liabilities	109,706	104,378
Long-term debt	753,495	753,576
Other long-term liabilities	96,707	98,272
Total long-term liabilities	1,008,265	1,061,774
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value; 2,000,000 shares authorized; zero shares issued or outstanding	0	0
Common stock, $0.01 par value; 300,000,000 shares authorized; 95,267,307 shares issued	953	953
Additional paid-in capital	1,500,330	1,465,694
Retained earnings	4,524,983	4,259,220
Treasury stock, at cost: 8,178,940 and 8,188,331 shares, respectively	(1,294,098)	(1,185,707)
Accumulated other comprehensive loss	(188,483)	(56,112)
Total stockholders' equity	4,543,685	4,484,048
Total liabilities and stockholders' equity	$ 6,161,640	$ 6,324,314

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 14,600	$ 14,600
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	95,267,307	95,267,307
Treasury stock, shares	8,178,940	8,188,331

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Total revenue	$ 472,511	$ 441,168	$ 1,371,438	$ 1,251,048
Cost of sales:
Amortization	17,281	15,189	51,947	45,163
Total cost of sales	61,967	62,746	189,214	189,007
Gross profit	410,544	378,422	1,182,224	1,062,041
Operating expenses:
Selling, general and administrative	175,283	165,368	515,421	471,993
Research and development	108,056	102,023	322,271	303,381
Amortization	3,821	3,403	11,975	12,244
Total operating expenses	287,160	270,794	849,667	787,618
Operating income	123,384	107,628	332,557	274,423
Interest income	1,345	541	2,141	1,544
Interest expense	(6,092)	(2,943)	(13,668)	(9,594)
Other (expense) income, net	(656)	(1,328)	(2,126)	14,008
Income before income tax provision	117,981	103,898	318,904	280,381
Income tax provision	22,006	18,556	53,141	28,925
Net income	$ 95,975	$ 85,342	$ 265,763	$ 251,456
Earnings per share – basic:
Earnings per share	$ 1.10	$ 0.98	$ 3.05	$ 2.89
Weighted average shares	87,063	87,239	87,062	87,072
Earnings per share – diluted:
Earnings per share	$ 1.10	$ 0.97	$ 3.04	$ 2.86
Weighted average shares	87,418	88,169	87,496	88,069
Software licenses
Revenue:
Total revenue	$ 208,906	$ 200,394	$ 575,332	$ 547,820
Cost of sales:
Cost of sales:	8,425	8,289	25,370	23,960
Maintenance and service
Revenue:
Total revenue	263,605	240,774	796,106	703,228
Cost of sales:
Cost of sales:	$ 36,261	$ 39,268	$ 111,897	$ 119,884

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 95,975	$ 85,342	$ 265,763	$ 251,456
Other comprehensive loss:
Foreign currency translation adjustments	(61,636)	(16,304)	(132,371)	(31,351)
Comprehensive income	$ 34,339	$ 69,038	$ 133,392	$ 220,105

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 265,763	$ 251,456
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and intangible assets amortization	86,239	80,500
Operating lease right-of-use assets expense	17,356	16,896
Deferred income tax benefit	(63,560)	(22,459)
Provision for bad debts	2,476	827
Stock-based compensation expense	122,119	122,148
Gain on equity investment	0	(15,139)
Other	4,986	1,940
Changes in operating assets and liabilities:
Accounts receivable	66,369	86,098
Other receivables and current assets	96,641	57,992
Other long-term assets	(3,121)	(2,548)
Accounts payable, accrued expenses and current liabilities	(111,039)	(58,520)
Accrued income taxes	9,751	(18,997)
Deferred revenue	(28,203)	(46,467)
Other long-term liabilities	(8,746)	(5,898)
Net cash provided by operating activities	457,031	447,829
Cash flows from investing activities:
Acquisitions, net of cash acquired	(242,613)	(105,141)
Capital expenditures	(15,227)	(18,133)
Other investing activities	(782)	(382)
Net cash used in investing activities	(258,622)	(123,656)
Cash flows from financing activities:
Principal payments on long-term debt	0	(45,000)
Purchase of treasury stock	(155,571)	(35,993)
Restricted stock withholding taxes paid in lieu of issued shares	(62,035)	(92,143)
Proceeds from shares issued for stock-based compensation	20,918	26,321
Other financing activities	(1,290)	(50)
Net cash used in financing activities	(197,978)	(146,865)
Effect of exchange rate fluctuations on cash and cash equivalents	(35,589)	(9,142)
Net (decrease) increase in cash and cash equivalents	(35,158)	168,166
Cash and cash equivalents, beginning of period	667,667	912,672
Cash and cash equivalents, end of period	632,509	1,080,838
Supplemental disclosure of cash flow information:
Income taxes paid	42,055	59,973
Interest paid	12,192	8,721
Fair value of unpaid consideration in connection with acquisitions	$ 3,391	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Analytical Graphics, Inc.	Common Stock	Common Stock Analytical Graphics, Inc.	Additional Paid-In Capital	Additional Paid-In Capital Analytical Graphics, Inc.	Retained Earnings	Treasury Stock	Treasury Stock Analytical Graphics, Inc.	Accumulated Other Comprehensive (Loss) Income
Beginning balance at Dec. 31, 2020	$ 4,097,872		$ 953		$ 1,434,203		$ 3,804,593	$ (1,124,102)		$ (17,775)
Beginning balance, shares at Dec. 31, 2020			95,266					8,694
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation activity	(39,037)				(87,602)			$ 48,565
Stock-based compensation activity, shares								(565)
Other comprehensive (loss) income	(19,264)									(19,264)
Net income	72,398						72,398
Ending balance at Mar. 31, 2021	4,111,969		$ 953		1,346,601		3,876,991	$ (1,075,537)		(37,039)
Ending balance, shares at Mar. 31, 2021			95,266					8,129
Beginning balance at Dec. 31, 2020	4,097,872		$ 953		1,434,203		3,804,593	$ (1,124,102)		(17,775)
Beginning balance, shares at Dec. 31, 2020			95,266					8,694
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired	$ (35,993)
Treasury shares acquired, shares	97
Net income	$ 251,456
Ending balance at Sep. 30, 2021	4,339,244		$ 953		1,428,419		4,056,049	$ (1,097,051)		(49,126)
Ending balance, shares at Sep. 30, 2021			95,267					8,055
Beginning balance at Mar. 31, 2021	4,111,969		$ 953		1,346,601		3,876,991	$ (1,075,537)		(37,039)
Beginning balance, shares at Mar. 31, 2021			95,266					8,129
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation activity	39,988				34,661			$ 5,327
Stock-based compensation activity, shares								(63)
Other comprehensive (loss) income	4,217									4,217
Net income	93,716						93,716
Acquisition activity		$ 328				$ 328
Acquisition activity, common shares				1
Ending balance at Jun. 30, 2021	4,250,218		$ 953		1,381,590		3,970,707	$ (1,070,210)		(32,822)
Ending balance, shares at Jun. 30, 2021			95,267					8,066
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired	(35,993)							$ (35,993)
Treasury shares acquired, shares								97
Stock-based compensation activity	55,375				46,375			$ 9,000
Stock-based compensation activity, shares								(106)
Other comprehensive (loss) income	(16,304)									(16,304)
Net income	85,342						85,342
Acquisition activity		606				454			$ 152
Acquisition activity, treasury shares									(2)
Ending balance at Sep. 30, 2021	4,339,244		$ 953		1,428,419		4,056,049	$ (1,097,051)		(49,126)
Ending balance, shares at Sep. 30, 2021			95,267					8,055
Beginning balance at Dec. 31, 2021	4,484,048		$ 953		1,465,694		4,259,220	$ (1,185,707)		(56,112)
Beginning balance, shares at Dec. 31, 2021			95,267					8,188
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired	(155,571)							$ (155,571)
Treasury shares acquired, shares								500
Stock-based compensation activity	(13,422)				(50,287)			$ 36,865
Stock-based compensation activity, shares								(403)
Other comprehensive (loss) income	(22,092)									(22,092)
Net income	70,988						70,988
Ending balance at Mar. 31, 2022	4,363,951		$ 953		1,415,407		4,330,208	$ (1,304,413)		(78,204)
Ending balance, shares at Mar. 31, 2022			95,267					8,285
Beginning balance at Dec. 31, 2021	4,484,048		$ 953		1,465,694		4,259,220	$ (1,185,707)		(56,112)
Beginning balance, shares at Dec. 31, 2021			95,267					8,188
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired	$ (155,571)
Treasury shares acquired, shares	500
Net income	$ 265,763
Ending balance at Sep. 30, 2022	4,543,685		$ 953		1,500,330		4,524,983	$ (1,294,098)		(188,483)
Ending balance, shares at Sep. 30, 2022			95,267					8,179
Beginning balance at Mar. 31, 2022	4,363,951		$ 953		1,415,407		4,330,208	$ (1,304,413)		(78,204)
Beginning balance, shares at Mar. 31, 2022			95,267					8,285
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation activity	37,836				34,631			$ 3,205
Stock-based compensation activity, shares								(33)
Other comprehensive (loss) income	(48,643)									(48,643)
Net income	98,800						98,800
Acquisition activity		$ 811				$ 511			$ 300
Acquisition activity, treasury shares									(3)
Ending balance at Jun. 30, 2022	4,452,755		$ 953		1,450,549		4,429,008	$ (1,300,908)		(126,847)
Ending balance, shares at Jun. 30, 2022			95,267					8,249
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation activity	56,591				49,781			$ 6,810
Stock-based compensation activity, shares								(70)
Other comprehensive (loss) income	(61,636)									(61,636)
Net income	95,975						95,975
Ending balance at Sep. 30, 2022	$ 4,543,685		$ 953		$ 1,500,330		$ 4,524,983	$ (1,294,098)		$ (188,483)
Ending balance, shares at Sep. 30, 2022			95,267					8,179

Organization

Organization	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization ANSYS, Inc. (Ansys, we, us, our) develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia, including high-tech, aerospace and defense, automotive, energy, industrial equipment, materials and chemicals, consumer products, healthcare, and construction. As defined by the accounting guidance for segment reporting, we operate as one segment. Given the integrated approach to the multi-discipline problem-solving needs of our customers, a single sale of software may contain components from multiple product areas and include combined technologies. We also have a multi-year product and integration strategy that will result in new, combined products or changes to the historical product offerings. As a result, it is impracticable for us to provide accurate historical or current reporting among our various product lines.

Accounting Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information for commercial and industrial companies, the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the accompanying unaudited condensed consolidated financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements (and notes thereto) included in our Annual Report on Form 10-K for the year ended December 31, 2021 (2021 Form 10-K). The condensed consolidated December 31, 2021 balance sheet presented is derived from the audited December 31, 2021 balance sheet included in the 2021 Form 10-K. In our opinion, all adjustments considered necessary for a fair presentation of the financial statements have been included, and all adjustments are of a normal and recurring nature. Operating results for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for any future period. Recently Adopted Accounting Guidance Business combinations : In October 2021, the Financial Accounting Standards Board issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08). ASU 2021-08 requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers , as if the acquirer had originated the contracts. We adopted the standard effective January 1, 2022. Under the prior guidance, such assets and liabilities were recognized by the acquirer at fair value on the acquisition date. The standard does not impact acquired contract assets or liabilities from business combinations that occurred prior to the effective date of adoption, and the impact in current and future periods will depend on the contract assets and contract liabilities acquired in business combinations after the effective date of adoption. Accounting Guidance Issued and Not Yet Adopted It is not expected that the future adoption of any recently issued accounting pronouncements will have a material impact on our financial position, results of operations or cash flows. Cash and Cash Equivalents Cash and cash equivalents consist primarily of highly liquid investments such as deposits held at major banks and money market funds. Cash equivalents are carried at cost, which approximates fair value. Our cash and cash equivalents balances comprise the following: September 30, 2022 December 31, 2021 (in thousands, except percentages) Amount % of Total Amount % of Total Cash accounts $ 399,971 63.2 $ 580,047 86.9 Money market funds 232,538 36.8 87,620 13.1 Total $ 632,509 $ 667,667 Our money market fund balances are held in various funds of two issuers.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Disaggregation of Revenue The following table summarizes revenue: Three Months Ended Nine Months Ended (in thousands, except percentages) September 30, September 30, September 30, September 30, Revenue: Subscription lease licenses $ 136,489 $ 120,516 $ 362,977 $ 315,387 Perpetual licenses 72,417 79,878 212,355 232,433 Software licenses 208,906 200,394 575,332 547,820 Maintenance 247,678 223,872 742,554 655,843 Service 15,927 16,902 53,552 47,385 Maintenance and service 263,605 240,774 796,106 703,228 Total revenue $ 472,511 $ 441,168 $ 1,371,438 $ 1,251,048 Direct revenue, as a percentage of total revenue 74.8 % 74.4 % 73.7 % 74.0 % Indirect revenue, as a percentage of total revenue 25.2 % 25.6 % 26.3 % 26.0 % Our software license revenue is recognized up front, while maintenance and service revenue is generally recognized over the term of the contract. Deferred Revenue Deferred revenue consists of billings made or payments received in advance of revenue recognition from customer agreements. The timing of revenue recognition may differ from the timing of billings to customers. Payment terms vary by the type and location of customer and the products or services offered. The time between invoicing and when payment is due is not significant. The changes in deferred revenue, inclusive of both current and long-term deferred revenue, during the nine months ended September 30, 2022 and 2021 were as follows: (in thousands) 2022 2021 Beginning balance – January 1 $ 412,781 $ 388,810 Acquired deferred revenue 1,032 746 Deferral of revenue 1,343,122 1,202,547 Recognition of revenue (1,371,438) (1,251,048) Currency translation (30,779) (8,591) Ending balance – September 30 $ 354,718 $ 332,464 Total revenue allocated to remaining performance obligations as of September 30, 2022 will be recognized as revenue as follows: (in thousands) Next 12 months $ 674,142 Months 13-24 270,106 Months 25-36 121,553 Thereafter 43,087 Total revenue allocated to remaining performance obligations $ 1,108,888 Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes both deferred revenue and backlog. Our backlog represents installment billings for periods beyond the current quarterly billing cycle. Revenue recognized during the nine months ended September 30, 2022 and 2021 included amounts in deferred revenue and backlog at the beginning of the period of $608.7 million and $507.0 million, respectively.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Acquisitions	Acquisitions During the nine months ended September 30, 2022, we completed various strategic acquisitions to expand our solution offerings and enhance our customers' experience. The effects of the acquisitions were not material to our condensed consolidated results of operations individually or in the aggregate. The combined purchase price of the acquisitions completed during the nine months ended September 30, 2022 was approximately $251.5 million, o r $246.0 million net of cash acquired. During the three and nine months ended September 30, 2022, we incurred acquisition-related expenses of $1.2 million and $5.4 million, respectively. Acquisition-related expenses are recognized as selling, general and administrative and research and development expenses on the condensed consolidated statements of income. The assets acquired and liabilities assumed in connection with the acquisitions have been recorded based upon management's estimates of their fair market values as of each respective date of acquisition. The following tables summarize the fair value of consideration transferred and the fair values of identified assets acquired and liabilities assumed for the combined 2022 acquisitions at each respective date of acquisition: Fair Value of Consideration: (in thousands) Cash $ 248,102 Consideration not yet paid 3,391 Total consideration $ 251,493 Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed: (in thousands) Cash $ 5,540 Accounts receivable and other tangible assets 2,873 Developed software and core technologies 60,030 Customer lists 126 Trade names 1,304 Accounts payable and other liabilities (5,195) Deferred revenue (1,032) Net deferred tax liabilities (10,720) Total identifiable net assets $ 52,926 Goodwill $ 198,567 The goodwill, which is not tax-deductible, is attributed to intangible assets that do not qualify for separate recognition, including the assembled workforces of the acquired businesses and the synergies expected to arise as a result of the acquisitions. The fair values of the assets acquired and liabilities assumed are based on preliminary calculations. The estimates and assumptions for these items are subject to change as additional information about what was known and knowable at each respective acquisition date is obtained during the measurement period (up to one year from the acquisition date). We determined the fair value of our intangible assets using various valuation techniques, including the relief-from-royalty method and the multi-period excess earnings method. These models utilize certain unobservable inputs classified as Level 3 measurements as defined by ASC 820, Fair Value Measurements and Disclosures . The determination of fair value requires considerable judgment and is sensitive to changes in underlying assumptions, estimates and market factors. Estimating fair value requires us to make assumptions and estimates regarding our future plans, as well as industry and economic conditions. These assumptions and estimates include, but are not limited to: selection of a valuation methodology, royalty rate, discount rate and attrition rate. The weighted-average useful life, valuation method and assumptions used to determine the fair value of the intangible assets acquired in 2022 are as follows: Intangible Asset Weighted-Average Useful Life Valuation Method Assumptions Developed software and core technologies 8 years Multi-period excess earnings Discount rate: 9.5% - 10.0% Trade names 9 years Relief-from-royalty Royalty rate: 1.0% Discount rate: 10.0% - 10.5% Customer lists 7 years Multi-period excess earnings Attrition rate: 10.0% Discount rate: 9.5% On October 1, 2021, we acquired 100% of the shares of Zemax, a leader in high-performance optical imaging system simulation, for a purchase price of $411.5 million, paid in cash, or $399.1 million net of cash acquired from Zemax . The acquisition expanded the scope of our optical and photonics simulation portfolio by giving users comprehensive solutions that can drive innovation in healthcare, autonomy, consumer electronics and the industrial internet of things (IIoT). Additionally, during the year ended December 31, 2021, we completed several other acquisitions to expand our solution offerings and enhance our customers' experience. These acquisitions were not individually significant. The combined purchase price of these acquisitions during the year ended December 31, 2021 was $110.7 million , which was paid in cash. The operating results of each acquisition have been included in our condensed consolidated financial statements since each respective date of acquisition. See Note 16, Subsequent Event, for information on our recent acquisition completed subsequent to the end of the period covered by this report.

Other Receivables and Current A

Other Receivables and Current Assets and Other Accrued Expenses and Liabilities	9 Months Ended
	Sep. 30, 2022
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities [Abstract]
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities	Other Receivables and Current Assets and Other Accrued Expenses and Liabilities Our other receivables and current assets and other accrued expenses and liabilities comprise the following balances: (in thousands) September 30, December 31, Receivables related to unrecognized revenue $ 129,721 $ 200,888 Income taxes receivable, including overpayments and refunds 31,411 71,332 Prepaid expenses and other current assets 53,434 52,435 Total other receivables and current assets $ 214,566 $ 324,655 Accrued vacation 38,084 35,879 Consumption, VAT and sales tax liabilities 25,741 52,630 Accrued expenses and other current liabilities 96,868 116,000 Total other accrued expenses and liabilities $ 160,693 $ 204,509 Receivables related to unrecognized revenue represent the current portion of billings made for customer contracts that have not yet been recognized as revenue.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share (EPS) amounts are computed by dividing earnings by the weighted average number of common shares outstanding during the period. Diluted EPS amounts assume the issuance of common stock for all potentially dilutive equivalents outstanding. To the extent stock awards are anti-dilutive, they are excluded from the calculation of diluted EPS. The details of basic and diluted EPS are as follows: Three Months Ended Nine Months Ended (in thousands, except per share data) September 30, September 30, September 30, September 30, Net income $ 95,975 $ 85,342 $ 265,763 $ 251,456 Weighted average shares outstanding – basic 87,063 87,239 87,062 87,072 Dilutive effect of stock plans 355 930 434 997 Weighted average shares outstanding – diluted 87,418 88,169 87,496 88,069 Basic earnings per share $ 1.10 $ 0.98 $ 3.05 $ 2.89 Diluted earnings per share $ 1.10 $ 0.97 $ 3.04 $ 2.86 Anti-dilutive shares 54 32 366 30

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Intangible assets are classified as follows: September 30, 2022 December 31, 2021 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,028,973 $ (464,227) $ 985,685 $ (422,797) Customer lists 191,742 (65,705) 203,072 (57,175) Trade names 180,876 (132,814) 182,554 (128,577) Total $ 1,401,591 $ (662,746) $ 1,371,311 $ (608,549) Indefinite-lived intangible asset: Trade name $ 357 $ 357 Finite-lived intangible assets are amortized over their estimated useful lives of two years to seventeen years . As of September 30, 2022, estimated future amortization expense for the intangible assets reflected above was as follows: (in thousands) Remainder of 2022 $ 20,702 2023 89,581 2024 91,442 2025 90,950 2026 91,270 2027 93,004 Thereafter 261,896 Total intangible assets subject to amortization 738,845 Indefinite-lived trade name 357 Other intangible assets, net $ 739,202 The changes in goodwill during the nine months ended September 30, 2022 and 2021 were as follows: (in thousands) 2022 2021 Beginning balance – January 1 $ 3,409,271 $ 3,038,306 Acquisitions and adjustments (1) 197,173 79,905 Currency translation (73,985) (16,588) Ending balance – September 30 $ 3,532,459 $ 3,101,623 (1) In accordance with the accounting for business combinations, we recorded adjustments to goodwill for the effect of changes in the provisional fair values of the assets acquired and liabilities assumed during the measurement period (up to one year from the acquisition date) as we obtained new information about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. During the first quarter of 2022, we completed the annual impairment test for goodwill and the indefinite-lived intangible asset and determined that these assets had not been impaired as of the test date, January 1, 2022. Given the adverse economic and market conditions in the third quarter, we considered a variety of qualitative factors to determine if an additional quantitative impairment test was required subsequent to our annual impairment test. Based on a variety of factors, including the excess of the fair value over the carrying amount in the most recent impairment test, we determined it was not more likely than not that an impairment existed as of September 30, 2022. No other events or circumstances changed during the nine months ended September 30, 2022 that would indicate that the fair values of our reporting unit and indefinite-lived intangible asset are below their carrying amounts.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement The valuation hierarchy for disclosure of assets and liabilities reported at fair value prioritizes the inputs for such valuations into three broad levels: • Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities; • Level 2: quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; or • Level 3: unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value. A financial asset's or liability's classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. Our debt is classified within Level 2 of the fair value hierarchy because these borrowings are not actively traded and have a variable interest rate structure based upon market rates. The carrying amount of our debt approximates the estimated fair value. See Note 10, "Debt", for additional information on our borrowings. The following tables provide the assets carried at fair value and measured on a recurring basis: Fair Value Measurements at Reporting Date Using: (in thousands) September 30, Quoted Prices in Significant Other Significant Assets Cash equivalents $ 232,538 $ 232,538 $ — $ — Short-term investments $ 194 $ — $ 194 $ — Deferred compensation plan investments $ 1,599 $ 1,599 $ — $ — Equity securities $ 1,309 $ 1,309 $ — $ — Fair Value Measurements at Reporting Date Using: (in thousands) December 31, 2021 Quoted Prices in Significant Other Significant Assets Cash equivalents $ 87,620 $ 87,620 $ — $ — Short-term investments $ 361 $ — $ 361 $ — Deferred compensation plan investments $ 1,602 $ 1,602 $ — $ — Equity securities $ 2,500 $ 2,500 $ — $ — The cash equivalents in the preceding tables represent money market funds, valued at net asset value, with carrying values which approximate their fair values because of their short-term nature. The short-term investments in the preceding tables represent deposits held by certain foreign subsidiaries. The deposits have fixed interest rates with original maturities ranging from three months to one year. The deferred compensation plan investments in the preceding tables represent trading securities held in a rabbi trust for the benefit of non-employee directors. These securities consist of mutual funds traded in an active market with quoted prices. As a result, the plan assets are classified as Level 1 in the fair value hierarchy. The plan assets are recorded within other long-term assets on our condensed consolidated balance sheets. The equity securities represent our investment in a publicly traded company. These securities are traded in an active market with quoted prices. As a result, the securities are classified as Level 1 in the fair value hierarchy. The securities are recorded within other long-term assets on our condensed consolidated balance sheets.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Leases Our right-of-use assets and lease liabilities primarily include operating leases for office space. Our executive offices and those related to certain domestic product development, marketing, production and administration are located in a 186,000 square foot office facility in Canonsburg, Pennsylvania. The term of the lease is 183 months, which began on October 1, 2014 and expires on December 31, 2029. The lease agreement includes options to renew the contract through August 2044, an option to lease additional space in January 2025 and an option to terminate the lease in December 2025. No options are included in the lease liability as renewal is not reasonably certain. In addition, we are reasonably certain we will not terminate the lease agreement. Absent the exercise of options in the lease, our remaining base rent (inclusive of property taxes and certain operating costs) is $4.5 million per annum through 2024 and $4.7 million per annum for 2025 - 2029. The components of our global lease cost reflected in the condensed consolidated statements of income are as follows: Three Months Ended Nine Months Ended (in thousands) September 30, September 30, September 30, September 30, Lease liability cost $ 6,960 $ 7,139 $ 20,886 $ 21,278 Variable lease cost not included in the lease liability (1) 1,015 1,017 3,202 3,203 Total lease cost $ 7,975 $ 8,156 $ 24,088 $ 24,481 (1) Variable lease cost includes common area maintenance, property taxes, utilities and fluctuations in rent due to a change in an index or rate. Other information related to operating leases is as follows: Three Months Ended Nine Months Ended (in thousands) September 30, September 30, September 30, September 30, Cash paid for amounts included in the measurement of the lease liability: Operating cash flows from operating leases $ (6,720) $ (7,217) $ (20,309) $ (21,183) Right-of-use assets obtained in exchange for new operating lease liabilities 8,131 1,301 $ 28,806 $ 6,895 As of September 30, 2022 2021 Weighted-average remaining lease term of operating leases 7.3 years 6.7 years Weighted-average discount rate of operating leases 3.2 % 3.0 % The maturity schedule of the operating lease liabilities as of September 30, 2022 is as follows: (in thousands) Remainder of 2022 $ 6,241 2023 23,009 2024 20,857 2025 18,907 2026 17,436 Thereafter 59,040 Total future lease payments 145,490 Less: Present value adjustment (15,928) Present value of future lease payments (1) $ 129,562 (1) Includes the current portion of operating lease liabilities of $19.9 million, which is reflected in other accrued expenses and liabilities in the condensed consolidated balance sheets. There were no material leases that have been signed but not yet commenced as of September 30, 2022.

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt On June 30, 2022, we entered into a credit agreement (2022 Credit Agreement) with PNC Bank, National Association as administrative agent, swing line lender, and an L/C issuer, the lenders party thereto, and the other L/C issuers party thereto. The 2022 Credit Agreement refinanced our previous credit agreements in their entirety. Terms used in this description of the 2022 Credit Agreement with initial capital letters that are not otherwise defined herein are as defined in the 2022 Credit Agreement. The term loan facility was advanced by the lenders thereunder to refinance and replace our (i) Credit Agreement, dated as of February 22, 2019, as amended, among us, as borrower, Bank of America, N.A., as administrative agent, swing line lender and an L/C issuer, the lenders party thereto, and the other L/C issuers party thereto and (ii) Credit Agreement, dated as of November 9, 2020, among us, as borrower, Bank of America, N.A., as administrative agent, and the lenders party thereto (together, the “Prior Credit Agreements”). The 2022 Credit Agreement provides for a $755.0 million unsecured term loan facility and a $500.0 million unsecured revolving loan facility, which includes a $50.0 million sublimit for the issuance of letters of credit. The revolving loan facility is available for working capital and general corporate purposes. Each of the term loan facility and the revolving loan facility matures on June 30, 2027. Borrowings under the term loan and revolving loan facilities accrue interest at a rate that is based on the Term SOFR plus an applicable margin or at the base rate plus an applicable margin, at our election. The base rate is the highest of (i) the Overnight Bank Funding Rate, plus 0.500%, (ii) the PNC Bank, National Association prime rate, and (iii) Daily Simple SOFR plus an adjustment for SOFR plus 1.00%. The applicable margin for the borrowings is a percentage per annum based on the lower of (1) a pricing level determined by our then-current consolidated leverage ratio and (2) a pricing level determined by our public debt rating (if available). The 2022 Credit Agreement also provides for the option to add certain foreign subsidiaries as borrowers and to borrow in Euros, Sterling, Yen and Swiss Francs under the revolving loan facility, up to a sublimit of $150.0 million. Borrowings under the revolving loan facility denominated in these currencies will accrue interest at a rate that is based on (a) for Euros, €STR, (b) for Sterling, SONIA, (c) for Yen, TONAR and (d) for Swiss Francs, SARON, plus an applicable margin calculated as described above. Under the 2022 Credit Agreement the weighted average interest rate in effect during the three months ended September 30, 2022 was 3.05%. Under the 2022 Credit Agreement and Prior Credit Agreements, the weighted average interest rate in effect during nine months ended September 30, 2022 was 2.11%. Under the Prior Credit Agreements, the weighted average interest rate in effect during the three and nine months ended September 30, 2021 was 1.33% and 1.41%, respectively . The rate in effect for the fourth quarter under the 2022 Credit Agreement is 4.53%. The 2022 Credit Agreement contains customary representations and warranties, affirmative and negative covenants and events of default. The 2022 Credit Agreement also contains a financial covenant requiring us and our subsidiaries to maintain a consolidated leverage ratio not in excess of 3.50 to 1.00 as of the end of any fiscal quarter (for the four-quarter period ending on such date) with an opportunity for a temporary increase in such consolidated leverage ratio to 4.00 to 1.00 upon the consummation of certain qualified acquisitions for which the aggregate consideration is at least $250.0 million. As of September 30, 2022, we had $755.0 million of borrowings outstanding under the term loan, with a carrying value of $753.5 million, which is net of $1.5 million of unamortized debt discounts and issuance costs. The total amount was included in long-term debt. As of September 30, 2022, no borrowings were outstanding under the revolving loan facility. As of December 31, 2021, we had $755.0 million of borrowings outstanding under the Prior Credit Agreements, with a carrying value of $753.6 million, which is net of $1.4 million of unamortized debt discounts and issuance costs. The total amount was included in long-term debt. As of December 31, 2021, no borrowings were outstanding under the revolving loan facility. We were in compliance with all covenants under the 2022 Credit Agreement and the Prior Credit Agreements as of September 30, 2022 and December 31, 2021, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our income before income tax provision, income tax provision and effective tax rates were as follows: Three Months Ended Nine Months Ended (in thousands, except percentages) September 30, September 30, September 30, September 30, Income before income tax provision $ 117,981 $ 103,898 $ 318,904 $ 280,381 Income tax provision 22,006 18,556 $ 53,141 $ 28,925 Effective tax rate 18.7 % 17.9 % 16.7 % 10.3 % The increase in the effective tax rate from the prior year was primarily due to decreased benefits related to stock-based compensation. Tax expense for the nine months ended September 30, 2022 and 2021 benefited from deductions related to stock-based compensation, many of which were recognized discretely. These benefits were partially offset by non-deductible compensation.

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Sep. 30, 2022
Class of Stock Disclosures [Abstract]
Stock Repurchase Program	Stock Repurchase Program Under our stock repurchase program, we repurchased shares as follows: Nine Months Ended (in thousands, except per share data) September 30, September 30, Number of shares repurchased 500 97 Average price paid per share $ 311.14 $ 371.83 Total cost $ 155,571 $ 35,993

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation On May 12, 2022, our stockholders approved the ANSYS, Inc. 2022 Employee Stock Purchase Plan (2022 ESPP) and the reservation by our board of directors of 750,000 shares of common stock for issuance under the 2022 ESPP. The 2022 ESPP allows our employees and employees of our designated subsidiaries to purchase shares of our common stock at a discount to fair market value of 10% in accordance with the terms and conditions of the 2022 ESPP. Total stock-based compensation expense and its net impact on basic and diluted earnings per share are as follows: Three Months Ended Nine Months Ended (in thousands, except per share data) September 30, September 30, September 30, September 30, Cost of sales: Maintenance and service $ 2,621 $ 2,753 $ 7,448 $ 9,834 Operating expenses: Selling, general and administrative 27,077 25,420 67,117 66,158 Research and development 17,272 15,971 47,554 46,156 Stock-based compensation expense before taxes 46,970 44,144 122,119 122,148 Related income tax benefits (9,984) (10,743) (42,037) (62,151) Stock-based compensation expense, net of taxes $ 36,986 $ 33,401 $ 80,082 $ 59,997 Net impact on earnings per share: Basic earnings per share $ (0.42) $ (0.38) $ (0.92) $ (0.69) Diluted earnings per share $ (0.42) $ (0.38) $ (0.92) $ (0.68)

Geographic Information

Geographic Information	9 Months Ended
	Sep. 30, 2022
Segments, Geographical Areas [Abstract]
Geographic Information	Geographic Information Revenue to external customers is attributed to individual countries based upon the location of the customer. Revenue by geographic area is as follows: Three Months Ended Nine Months Ended (in thousands) September 30, September 30, September 30, September 30, United States $ 201,263 $ 208,998 $ 586,063 $ 570,101 Japan 38,586 45,298 133,562 147,511 Germany 48,115 27,826 111,888 89,781 South Korea 49,581 22,364 104,950 67,853 China 26,474 26,677 76,412 62,934 Other Europe, Middle East and Africa (EMEA) 72,058 73,806 236,250 220,083 Other international 36,434 36,199 122,313 92,785 Total revenue $ 472,511 $ 441,168 $ 1,371,438 $ 1,251,048 Property and equipment by geographic area is as follows: (in thousands) September 30, December 31, United States $ 58,734 $ 62,880 India 5,219 6,144 Germany 2,564 4,434 Other EMEA 7,031 9,215 Other international 4,200 5,241 Total property and equipment, net $ 77,748 $ 87,914

Contingencies and Commitments

Contingencies and Commitments	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Commitments	Contingencies and Commitments We are subject to various claims, investigations, and legal and regulatory proceedings that arise in the ordinary course of business, including, but not limited to, commercial disputes, labor and employment matters, tax audits, alleged infringement of third parties' intellectual property rights and other matters. In our opinion, the resolution of pending matters is not expected to have a material adverse effect on our consolidated results of operations, cash flows or financial position. However, each of these matters is subject to various uncertainties and it is possible that an unfavorable resolution of one or more of these proceedings could materially affect our consolidated results of operations, cash flows or financial position. Our Indian subsidiary has several service tax audits pending that have resulted in formal inquiries being received on transactions through mid-2012. We could incur tax charges and related liabilities of $7.0 million. As such charges are not probable at this time, a reserve has not been recorded on the condensed consolidated balance sheet as of September 30, 2022. The service tax issues raised in our notices and inquiries are very similar to the case, M/s Microsoft Corporation (I) (P) Ltd. Vs. Commissioner of Service Tax, New Delhi, wherein the Delhi Customs, Excise and Service Tax Appellate Tribunal (CESTAT) issued a favorable ruling to Microsoft. The Microsoft ruling was subsequently challenged in the Supreme Court by the Indian tax authority and a decision is still pending. We can provide no assurances on the impact that the present Microsoft case's decision will have on our cases, however, an unfavorable ruling in the Microsoft case may impact our assessment of probability and result in the recording of a $7.0 million reserve. We are uncertain as to when these service tax matters will be concluded. We sell software licenses and services to our customers under contractual agreements. Such agreements generally include certain provisions indemnifying the customer against claims, by third parties, of infringement or misappropriation of their intellectual property rights arising from such customer's usage of our products or services. To date, payments related to these indemnification provisions have been immaterial. For several reasons, including the lack of prior material indemnification claims, we cannot determine the maximum amount of potential future payments, if any, related to such indemnification provisions.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventIn November 2022, we had a $70.0 million cash outflow (net of cash acquired) associated with a strategic acquisition. The acquisition was funded with our existing cash balance. Due to the limited time since the acquisition date, the initial accounting for the business combination is incomplete. As a result, we are unable to provide the amount recognized as of the acquisition date for the major classes of assets acquired and liabilities assumed. The preliminary allocation of purchase price will be included in our Annual Report on Form 10-K for the year ended December 31, 2022. We do not expect the operation to contribute meaningfully to our financial results.

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information for commercial and industrial companies, the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the accompanying unaudited condensed consolidated financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements (and notes thereto) included in our Annual Report on Form 10-K for the year ended December 31, 2021 (2021 Form 10-K). The condensed consolidated December 31, 2021 balance sheet presented is derived from the audited December 31, 2021 balance sheet included in the 2021 Form 10-K. In our opinion, all adjustments considered necessary for a fair presentation of the financial statements have been included, and all adjustments are of a normal and recurring nature. Operating results for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for any future period.
Recently Adopted Accounting Guidance	Recently Adopted Accounting Guidance Business combinations : In October 2021, the Financial Accounting Standards Board issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08). ASU 2021-08 requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers , as if the acquirer had originated the contracts. We adopted the standard effective January 1, 2022. Under the prior guidance, such assets and liabilities were recognized by the acquirer at fair value on the acquisition date. The standard does not impact acquired contract assets or liabilities from business combinations that occurred prior to the effective date of adoption, and the impact in current and future periods will depend on the contract assets and contract liabilities acquired in business combinations after the effective date of adoption.
Accounting Guidance Issued and Not Yet Adopted	Accounting Guidance Issued and Not Yet AdoptedIt is not expected that the future adoption of any recently issued accounting pronouncements will have a material impact on our financial position, results of operations or cash flows.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist primarily of highly liquid investments such as deposits held at major banks and money market funds. Cash equivalents are carried at cost, which approximates fair value. Our cash and cash equivalents balances comprise the following: September 30, 2022 December 31, 2021 (in thousands, except percentages) Amount % of Total Amount % of Total Cash accounts $ 399,971 63.2 $ 580,047 86.9 Money market funds 232,538 36.8 87,620 13.1 Total $ 632,509 $ 667,667 Our money market fund balances are held in various funds of two issuers.

Accounting Policies (Tables)

Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Cash and Cash Equivalents	Our cash and cash equivalents balances comprise the following: September 30, 2022 December 31, 2021 (in thousands, except percentages) Amount % of Total Amount % of Total Cash accounts $ 399,971 63.2 $ 580,047 86.9 Money market funds 232,538 36.8 87,620 13.1 Total $ 632,509 $ 667,667

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes revenue: Three Months Ended Nine Months Ended (in thousands, except percentages) September 30, September 30, September 30, September 30, Revenue: Subscription lease licenses $ 136,489 $ 120,516 $ 362,977 $ 315,387 Perpetual licenses 72,417 79,878 212,355 232,433 Software licenses 208,906 200,394 575,332 547,820 Maintenance 247,678 223,872 742,554 655,843 Service 15,927 16,902 53,552 47,385 Maintenance and service 263,605 240,774 796,106 703,228 Total revenue $ 472,511 $ 441,168 $ 1,371,438 $ 1,251,048 Direct revenue, as a percentage of total revenue 74.8 % 74.4 % 73.7 % 74.0 % Indirect revenue, as a percentage of total revenue 25.2 % 25.6 % 26.3 % 26.0 %
Changes in Deferred Revenue	The changes in deferred revenue, inclusive of both current and long-term deferred revenue, during the nine months ended September 30, 2022 and 2021 were as follows: (in thousands) 2022 2021 Beginning balance – January 1 $ 412,781 $ 388,810 Acquired deferred revenue 1,032 746 Deferral of revenue 1,343,122 1,202,547 Recognition of revenue (1,371,438) (1,251,048) Currency translation (30,779) (8,591) Ending balance – September 30 $ 354,718 $ 332,464
Remaining Performance Obligations, Expected Timing of Satisfaction	Total revenue allocated to remaining performance obligations as of September 30, 2022 will be recognized as revenue as follows: (in thousands) Next 12 months $ 674,142 Months 13-24 270,106 Months 25-36 121,553 Thereafter 43,087 Total revenue allocated to remaining performance obligations $ 1,108,888

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Fair Value of Consideration	The following tables summarize the fair value of consideration transferred and the fair values of identified assets acquired and liabilities assumed for the combined 2022 acquisitions at each respective date of acquisition: Fair Value of Consideration: (in thousands) Cash $ 248,102 Consideration not yet paid 3,391 Total consideration $ 251,493
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed: (in thousands) Cash $ 5,540 Accounts receivable and other tangible assets 2,873 Developed software and core technologies 60,030 Customer lists 126 Trade names 1,304 Accounts payable and other liabilities (5,195) Deferred revenue (1,032) Net deferred tax liabilities (10,720) Total identifiable net assets $ 52,926 Goodwill $ 198,567
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The weighted-average useful life, valuation method and assumptions used to determine the fair value of the intangible assets acquired in 2022 are as follows: Intangible Asset Weighted-Average Useful Life Valuation Method Assumptions Developed software and core technologies 8 years Multi-period excess earnings Discount rate: 9.5% - 10.0% Trade names 9 years Relief-from-royalty Royalty rate: 1.0% Discount rate: 10.0% - 10.5% Customer lists 7 years Multi-period excess earnings Attrition rate: 10.0% Discount rate: 9.5%

Other Receivables and Current_2

Other Receivables and Current Assets and Other Accrued Expenses and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities [Abstract]
Schedule of Other Receivables and Current Assets and Other Accrued Expenses and Liabilities	Our other receivables and current assets and other accrued expenses and liabilities comprise the following balances: (in thousands) September 30, December 31, Receivables related to unrecognized revenue $ 129,721 $ 200,888 Income taxes receivable, including overpayments and refunds 31,411 71,332 Prepaid expenses and other current assets 53,434 52,435 Total other receivables and current assets $ 214,566 $ 324,655 Accrued vacation 38,084 35,879 Consumption, VAT and sales tax liabilities 25,741 52,630 Accrued expenses and other current liabilities 96,868 116,000 Total other accrued expenses and liabilities $ 160,693 $ 204,509

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Details of Basic and Diluted EPS	The details of basic and diluted EPS are as follows: Three Months Ended Nine Months Ended (in thousands, except per share data) September 30, September 30, September 30, September 30, Net income $ 95,975 $ 85,342 $ 265,763 $ 251,456 Weighted average shares outstanding – basic 87,063 87,239 87,062 87,072 Dilutive effect of stock plans 355 930 434 997 Weighted average shares outstanding – diluted 87,418 88,169 87,496 88,069 Basic earnings per share $ 1.10 $ 0.98 $ 3.05 $ 2.89 Diluted earnings per share $ 1.10 $ 0.97 $ 3.04 $ 2.86 Anti-dilutive shares 54 32 366 30

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets (Indefinite-Lived)	Intangible assets are classified as follows: September 30, 2022 December 31, 2021 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,028,973 $ (464,227) $ 985,685 $ (422,797) Customer lists 191,742 (65,705) 203,072 (57,175) Trade names 180,876 (132,814) 182,554 (128,577) Total $ 1,401,591 $ (662,746) $ 1,371,311 $ (608,549) Indefinite-lived intangible asset: Trade name $ 357 $ 357
Intangible Assets (Finite-Lived)	Intangible assets are classified as follows: September 30, 2022 December 31, 2021 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,028,973 $ (464,227) $ 985,685 $ (422,797) Customer lists 191,742 (65,705) 203,072 (57,175) Trade names 180,876 (132,814) 182,554 (128,577) Total $ 1,401,591 $ (662,746) $ 1,371,311 $ (608,549) Indefinite-lived intangible asset: Trade name $ 357 $ 357
Estimated Future Amortization Expense for Intangible Assets	As of September 30, 2022, estimated future amortization expense for the intangible assets reflected above was as follows: (in thousands) Remainder of 2022 $ 20,702 2023 89,581 2024 91,442 2025 90,950 2026 91,270 2027 93,004 Thereafter 261,896 Total intangible assets subject to amortization 738,845 Indefinite-lived trade name 357 Other intangible assets, net $ 739,202
Changes in Goodwill	The changes in goodwill during the nine months ended September 30, 2022 and 2021 were as follows: (in thousands) 2022 2021 Beginning balance – January 1 $ 3,409,271 $ 3,038,306 Acquisitions and adjustments (1) 197,173 79,905 Currency translation (73,985) (16,588) Ending balance – September 30 $ 3,532,459 $ 3,101,623 (1) In accordance with the accounting for business combinations, we recorded adjustments to goodwill for the effect of changes in the provisional fair values of the assets acquired and liabilities assumed during the measurement period (up to one year from the acquisition date) as we obtained new information about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured on Recurring Basis	The following tables provide the assets carried at fair value and measured on a recurring basis: Fair Value Measurements at Reporting Date Using: (in thousands) September 30, Quoted Prices in Significant Other Significant Assets Cash equivalents $ 232,538 $ 232,538 $ — $ — Short-term investments $ 194 $ — $ 194 $ — Deferred compensation plan investments $ 1,599 $ 1,599 $ — $ — Equity securities $ 1,309 $ 1,309 $ — $ — Fair Value Measurements at Reporting Date Using: (in thousands) December 31, 2021 Quoted Prices in Significant Other Significant Assets Cash equivalents $ 87,620 $ 87,620 $ — $ — Short-term investments $ 361 $ — $ 361 $ — Deferred compensation plan investments $ 1,602 $ 1,602 $ — $ — Equity securities $ 2,500 $ 2,500 $ — $ —

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Lease Cost	The components of our global lease cost reflected in the condensed consolidated statements of income are as follows: Three Months Ended Nine Months Ended (in thousands) September 30, September 30, September 30, September 30, Lease liability cost $ 6,960 $ 7,139 $ 20,886 $ 21,278 Variable lease cost not included in the lease liability (1) 1,015 1,017 3,202 3,203 Total lease cost $ 7,975 $ 8,156 $ 24,088 $ 24,481 (1) Variable lease cost includes common area maintenance, property taxes, utilities and fluctuations in rent due to a change in an index or rate.
Lessee, Operating Lease Other Information	Other information related to operating leases is as follows: Three Months Ended Nine Months Ended (in thousands) September 30, September 30, September 30, September 30, Cash paid for amounts included in the measurement of the lease liability: Operating cash flows from operating leases $ (6,720) $ (7,217) $ (20,309) $ (21,183) Right-of-use assets obtained in exchange for new operating lease liabilities 8,131 1,301 $ 28,806 $ 6,895 As of September 30, 2022 2021 Weighted-average remaining lease term of operating leases 7.3 years 6.7 years Weighted-average discount rate of operating leases 3.2 % 3.0 %
Schedule of Maturity of Operating Lease Liabilities	The maturity schedule of the operating lease liabilities as of September 30, 2022 is as follows: (in thousands) Remainder of 2022 $ 6,241 2023 23,009 2024 20,857 2025 18,907 2026 17,436 Thereafter 59,040 Total future lease payments 145,490 Less: Present value adjustment (15,928) Present value of future lease payments (1) $ 129,562 (1) Includes the current portion of operating lease liabilities of $19.9 million, which is reflected in other accrued expenses and liabilities in the condensed consolidated balance sheets.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision	Our income before income tax provision, income tax provision and effective tax rates were as follows: Three Months Ended Nine Months Ended (in thousands, except percentages) September 30, September 30, September 30, September 30, Income before income tax provision $ 117,981 $ 103,898 $ 318,904 $ 280,381 Income tax provision 22,006 18,556 $ 53,141 $ 28,925 Effective tax rate 18.7 % 17.9 % 16.7 % 10.3 %

Stock Repurchase Program (Table

Stock Repurchase Program (Tables)	9 Months Ended
	Sep. 30, 2022
Class of Stock Disclosures [Abstract]
Stock Repurchase Program	Under our stock repurchase program, we repurchased shares as follows: Nine Months Ended (in thousands, except per share data) September 30, September 30, Number of shares repurchased 500 97 Average price paid per share $ 311.14 $ 371.83 Total cost $ 155,571 $ 35,993

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation Expense and Its Net Impact on Basic and Diluted Earnings Per Share	Total stock-based compensation expense and its net impact on basic and diluted earnings per share are as follows: Three Months Ended Nine Months Ended (in thousands, except per share data) September 30, September 30, September 30, September 30, Cost of sales: Maintenance and service $ 2,621 $ 2,753 $ 7,448 $ 9,834 Operating expenses: Selling, general and administrative 27,077 25,420 67,117 66,158 Research and development 17,272 15,971 47,554 46,156 Stock-based compensation expense before taxes 46,970 44,144 122,119 122,148 Related income tax benefits (9,984) (10,743) (42,037) (62,151) Stock-based compensation expense, net of taxes $ 36,986 $ 33,401 $ 80,082 $ 59,997 Net impact on earnings per share: Basic earnings per share $ (0.42) $ (0.38) $ (0.92) $ (0.69) Diluted earnings per share $ (0.42) $ (0.38) $ (0.92) $ (0.68)

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segments, Geographical Areas [Abstract]
Revenue by Geographic Area	Revenue by geographic area is as follows: Three Months Ended Nine Months Ended (in thousands) September 30, September 30, September 30, September 30, United States $ 201,263 $ 208,998 $ 586,063 $ 570,101 Japan 38,586 45,298 133,562 147,511 Germany 48,115 27,826 111,888 89,781 South Korea 49,581 22,364 104,950 67,853 China 26,474 26,677 76,412 62,934 Other Europe, Middle East and Africa (EMEA) 72,058 73,806 236,250 220,083 Other international 36,434 36,199 122,313 92,785 Total revenue $ 472,511 $ 441,168 $ 1,371,438 $ 1,251,048
Property and Equipment by Geographic Area	Property and equipment by geographic area is as follows: (in thousands) September 30, December 31, United States $ 58,734 $ 62,880 India 5,219 6,144 Germany 2,564 4,434 Other EMEA 7,031 9,215 Other international 4,200 5,241 Total property and equipment, net $ 77,748 $ 87,914

Organization (Detail)

Organization (Detail)	9 Months Ended
	Sep. 30, 2022 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1

Accounting Policies - Cash and

Accounting Policies - Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Cash accounts, Amount	$ 399,971	$ 580,047
Money market funds, Amount	232,538	87,620
Total	$ 632,509	$ 667,667
Cash
Percent Of Cash And Cash Equivalents	63.20%	86.90%
Money Market Funds
Percent Of Cash And Cash Equivalents	36.80%	13.10%

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Amount of revenue recognized from beginning deferred revenue and backlog	$ 608.7	$ 507

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 472,511	$ 441,168	$ 1,371,438	$ 1,251,048
Subscription lease licenses
Disaggregation of Revenue [Line Items]
Total revenue	136,489	120,516	362,977	315,387
Perpetual licenses
Disaggregation of Revenue [Line Items]
Total revenue	72,417	79,878	212,355	232,433
Software licenses
Disaggregation of Revenue [Line Items]
Total revenue	208,906	200,394	575,332	547,820
Maintenance
Disaggregation of Revenue [Line Items]
Total revenue	247,678	223,872	742,554	655,843
Service
Disaggregation of Revenue [Line Items]
Total revenue	15,927	16,902	53,552	47,385
Maintenance and service
Disaggregation of Revenue [Line Items]
Total revenue	$ 263,605	$ 240,774	$ 796,106	$ 703,228
Direct revenue, as a percentage of total revenue | Revenue Benchmark | Sales Channel Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	74.80%	74.40%	73.70%	74%
Indirect revenue, as a percentage of total revenue | Revenue Benchmark | Sales Channel Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	25.20%	25.60%	26.30%	26%

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Changes in Deferred Revenue (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 412,781	$ 388,810
Acquired deferred revenue	1,032	746
Deferral of revenue	1,343,122	1,202,547
Recognition of revenue	(1,371,438)	(1,251,048)
Currency translation	(30,779)	(8,591)
Ending balance	$ 354,718	$ 332,464

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Remaining Performance Obligations, Expected Timing of Satisfaction (Detail) $ in Thousands	Sep. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 1,108,888
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 674,142
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 270,106
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 121,553
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 43,087
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended		12 Months Ended
	Oct. 01, 2021	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Payments to acquire businesses, net of cash acquired			$ 242,613	$ 105,141
Acquisition-related expenses		$ 1,200	5,400
Series of Individually Immaterial Business Acquisitions
Payments to acquire businesses, gross			251,500		$ 110,700
Payments to acquire businesses, net of cash acquired			$ 246,000
Zemax, LLC
Payments to acquire businesses, gross	$ 411,500
Payments to acquire businesses, net of cash acquired	$ 399,100
Percentage of shares acquired	100%

Acquisitions - Fair Value of Co

Acquisitions - Fair Value of Consideration (Details) - Series of Individually Immaterial Business Acquisitions $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Cash	$ 248,102
Consideration not yet paid	3,391
Total consideration	$ 251,493

Acquisitions - Recognized Amoun

Acquisitions - Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed (Details) - Series of Individually Immaterial Business Acquisitions $ in Thousands	Sep. 30, 2022 USD ($)
Cash	$ 5,540
Accounts receivable and other tangible assets	2,873
Accounts payable and other liabilities	(5,195)
Deferred revenue	(1,032)
Net deferred tax liabilities	(10,720)
Total identifiable net assets	52,926
Goodwill	198,567
Developed software and core technologies
Finite-lived intangible assets	60,030
Customer lists
Finite-lived intangible assets	126
Trade names
Finite-lived intangible assets	$ 1,304

Acquisitions - Valuation Assump

Acquisitions - Valuation Assumptions and Weighted-Average Useful Life (Details) - Series of Individually Immaterial Business Acquisitions	9 Months Ended
	Sep. 30, 2022
Developed software and core technologies
Finite-lived intangible asset, useful life	8 years
Trade names
Finite-lived intangible asset, useful life	9 years
Royalty Rate	1%
Customer lists
Finite-lived intangible asset, useful life	7 years
Discount Rate	9.50%
Attrition Rate	10%
Minimum | Developed software and core technologies
Discount Rate	9.50%
Minimum | Trade names
Discount Rate	10%
Maximum | Developed software and core technologies
Discount Rate	10%
Maximum | Trade names
Discount Rate	10.50%

Other Receivables and Current_3

Other Receivables and Current Assets and Other Accrued Expenses and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities [Abstract]
Receivables related to unrecognized revenue	$ 129,721	$ 200,888
Income taxes receivable, including overpayments and refunds	31,411	71,332
Prepaid expenses and other current assets	53,434	52,435
Total other receivables and current assets	214,566	324,655
Accrued vacation	38,084	35,879
Consumption, VAT and sales tax liabilities	25,741	52,630
Accrued expenses and other current liabilities	96,868	116,000
Total other accrued expenses and liabilities	$ 160,693	$ 204,509

Earnings Per Share - Details of

Earnings Per Share - Details of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 95,975	$ 98,800	$ 70,988	$ 85,342	$ 93,716	$ 72,398	$ 265,763	$ 251,456
Weighted average shares outstanding – basic	87,063			87,239			87,062	87,072
Dilutive effect of stock plans	355			930			434	997
Weighted average shares outstanding – diluted	87,418			88,169			87,496	88,069
Basic earnings per share	$ 1.10			$ 0.98			$ 3.05	$ 2.89
Diluted earnings per share	$ 1.10			$ 0.97			$ 3.04	$ 2.86
Anti-dilutive shares	54			32			366	30

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2022
Minimum
Finite-lived intangible asset, useful life	2 years
Maximum
Finite-lived intangible asset, useful life	17 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	$ 1,401,591	$ 1,371,311
Amortized intangible assets, accumulated amortization	(662,746)	(608,549)
Indefinite-lived intangible assets (excluding goodwill)	357
Trade names
Intangible Assets [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	357	357
Developed software and core technologies
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	1,028,973	985,685
Amortized intangible assets, accumulated amortization	(464,227)	(422,797)
Customer lists
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	191,742	203,072
Amortized intangible assets, accumulated amortization	(65,705)	(57,175)
Trade names
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	180,876	182,554
Amortized intangible assets, accumulated amortization	$ (132,814)	$ (128,577)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Future Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 20,702
2023	89,581
2024	91,442
2025	90,950
2026	91,270
2027	93,004
Thereafter	261,896
Total intangible assets subject to amortization	738,845
Indefinite-lived trade name	357
Other intangible assets, net	$ 739,202	$ 763,119

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Goodwill (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Goodwill [Roll Forward]
Beginning balance	$ 3,409,271	$ 3,038,306
Acquisitions and adjustments	197,173	79,905
Currency translation	(73,985)	(16,588)
Ending balance	$ 3,532,459	$ 3,101,623

Fair Value Measurement - Fair V

Fair Value Measurement - Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 232,538	$ 87,620
Short-term investments	194	361
Deferred compensation plan investments	1,599	1,602
Equity securities	1,309	2,500
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	232,538	87,620
Short-term investments	0	0
Deferred compensation plan investments	1,599	1,602
Equity securities	1,309	2,500
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Short-term investments	194	361
Deferred compensation plan investments	0	0
Equity securities	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Short-term investments	0	0
Deferred compensation plan investments	0	0
Equity securities	$ 0	$ 0

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2022
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments maturity	3 months
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments maturity	1 year

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	Sep. 30, 2022 USD ($) ft²
Lessee, Lease, Description [Line Items]
Current portion of operating lease liabilities	$ 19.9
Canonsburg Office, New Company Headquarters
Lessee, Lease, Description [Line Items]
Area of real estate property | ft²	186,000
Period of leased property	183 months
Base rent through 2024	$ 4.5
Base rent 2025-2029	$ 4.7

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Lease liability cost	$ 6,960	$ 7,139	$ 20,886	$ 21,278
Variable lease cost not included in the lease liability	1,015	1,017	3,202	3,203
Total lease cost	$ 7,975	$ 8,156	$ 24,088	$ 24,481

Leases - Lessee, Operating Leas

Leases - Lessee, Operating Lease Other Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ (6,720)	$ (7,217)	$ (20,309)	$ (21,183)
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 8,131	$ 1,301	$ 28,806	$ 6,895
Weighted-average remaining lease term of operating leases	7 years 3 months 18 days	6 years 8 months 12 days	7 years 3 months 18 days	6 years 8 months 12 days
Weighted-average discount rate of operating leases	3.20%	3%	3.20%	3%

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Operating Lease Liabilities (Detail) $ in Thousands	Sep. 30, 2022 USD ($)
Leases [Abstract]
Remainder of 2022	$ 6,241
2023	23,009
2024	20,857
2025	18,907
2026	17,436
Thereafter	59,040
Total future lease payments	145,490
Less: Present value adjustment	(15,928)
Present value of future lease payments	$ 129,562

Debt (Detail)

Debt (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Debt Disclosure [Line Items]
Long-term debt, gross value	$ 755,000,000		$ 755,000,000		$ 755,000,000
Weighted-average interest rate over time	3.05%	1.33%	2.11%	1.41%
Weighted-average interest rate at point in time	4.53%		4.53%
Consolidated leverage ratio	3.50		3.50
Consolidated leverage ratio increased	4		4
Qualified acquisition amount	$ 250,000,000		$ 250,000,000
Unamortized debt issuance cost	1,500,000		1,500,000		1,400,000
Unsecured Long-Term Debt, Noncurrent	753,500,000		753,500,000		753,600,000
Revolving credit facility
Debt Disclosure [Line Items]
Line of credit, maximum borrowing capacity	500,000,000		500,000,000
Foreign currency borrowings sublimit	150,000,000		150,000,000
Outstanding borrowings under the credit agreement	0		0		$ 0
Letters of credit
Debt Disclosure [Line Items]
Line of credit, maximum borrowing capacity	$ 50,000,000		$ 50,000,000
Base rate
Debt Disclosure [Line Items]
Debt instrument, basis spread overnight bank funding rate			0.50%
Debt instrument, basis spread on SOFR rate			1%

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Provision (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income before income tax provision	$ 117,981	$ 103,898	$ 318,904	$ 280,381
Income tax provision	$ 22,006	$ 18,556	$ 53,141	$ 28,925
Effective tax rate	18.70%	17.90%	16.70%	10.30%

Stock Repurchase Program (Detai

Stock Repurchase Program (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Class of Stock Disclosures [Abstract]
Number of shares repurchased			500	97
Average price paid per share			$ 311.14	$ 371.83
Total cost	$ 155,571	$ 35,993	$ 155,571	$ 35,993

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) shares in Millions	Sep. 30, 2022 shares
Class of Stock Disclosures [Abstract]
Stock repurchase program, remaining number of shares authorized to be repurchased	2

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - Employee Stock	9 Months Ended
	Sep. 30, 2022 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares reserved by board of directors for issuance	750,000
Common stock discount to fair market value for ESPP purchases	10%

Stock-Based Compensation Expens

Stock-Based Compensation Expense and Its Net Impact on Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 46,970	$ 44,144	$ 122,119	$ 122,148
Related income tax benefits	(9,984)	(10,743)	(42,037)	(62,151)
Stock-based compensation expense, net of taxes	$ 36,986	$ 33,401	$ 80,082	$ 59,997
Basic earnings per share	$ (0.42)	$ (0.38)	$ (0.92)	$ (0.69)
Diluted earnings per share	$ (0.42)	$ (0.38)	$ (0.92)	$ (0.68)
Maintenance and service
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 2,621	$ 2,753	$ 7,448	$ 9,834
Selling, general and administrative
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	27,077	25,420	67,117	66,158
Research and development
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 17,272	$ 15,971	$ 47,554	$ 46,156

Geographic Information - Revenu

Geographic Information - Revenue by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 472,511	$ 441,168	$ 1,371,438	$ 1,251,048
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	201,263	208,998	586,063	570,101
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	38,586	45,298	133,562	147,511
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	48,115	27,826	111,888	89,781
South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	49,581	22,364	104,950	67,853
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	26,474	26,677	76,412	62,934
Other Europe, Middle East and Africa (EMEA)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	72,058	73,806	236,250	220,083
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 36,434	$ 36,199	$ 122,313	$ 92,785

Geographic Information - Proper

Geographic Information - Property and Equipment by Geographic Area (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 77,748	$ 87,914
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	58,734	62,880
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	5,219	6,144
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	2,564	4,434
Other EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	7,031	9,215
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 4,200	$ 5,241

Contingencies and Commitments (

Contingencies and Commitments (Detail) $ in Millions	Sep. 30, 2022 USD ($)
India Service Tax Audit
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 7

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Thousands		9 Months Ended
	Nov. 01, 2022	Sep. 30, 2022	Sep. 30, 2021
Subsequent Event [Line Items]
Payments to acquire businesses, net of cash acquired		$ 242,613	$ 105,141
Series of Individually Immaterial Business Acquisitions
Subsequent Event [Line Items]
Payments to acquire businesses, net of cash acquired		$ 246,000
Series of Individually Immaterial Business Acquisitions | Subsequent Event
Subsequent Event [Line Items]
Payments to acquire businesses, net of cash acquired	$ 70,000