ANSYS (ANSS) 10-Q 1 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Oct. 27, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
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	2023
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		86,872,803
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, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 639,342	$ 614,391
Short-term investments	171	183
Accounts receivable, less allowance for doubtful accounts of $20,700 and $18,300, respectively	673,973	760,287
Other receivables and current assets	229,013	289,261
Total current assets	1,542,499	1,664,122
Long-term assets:
Property and equipment, net	75,431	80,838
Operating lease right-of-use assets	116,187	129,140
Goodwill	3,769,321	3,658,267
Other intangible assets, net	849,205	809,183
Other long-term assets	174,289	261,880
Deferred income taxes	146,588	84,515
Total long-term assets	5,131,021	5,023,823
Total assets	6,673,520	6,687,945
Current liabilities:
Accounts payable	14,801	14,021
Accrued bonuses and commissions	89,327	160,908
Accrued income taxes	14,652	7,698
Other accrued expenses and liabilities	165,983	198,220
Deferred revenue	349,668	413,989
Total current liabilities	634,431	794,836
Long-term liabilities:
Deferred income taxes	70,360	58,126
Long-term operating lease liabilities	100,071	112,802
Long-term debt	753,812	753,574
Other long-term liabilities	108,046	102,756
Total long-term liabilities	1,032,289	1,027,258
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	1,612,269	1,540,317
Retained earnings	5,008,580	4,782,930
Treasury stock, at cost: 8,428,972 and 8,317,389 shares, respectively	(1,480,733)	(1,335,627)
Accumulated other comprehensive loss	(134,269)	(122,722)
Total stockholders' equity	5,006,800	4,865,851
Total liabilities and stockholders' equity	$ 6,673,520	$ 6,687,945

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 20,700	$ 18,300
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, common, shares	8,428,972	8,317,389

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue:
Total revenue	$ 458,795	$ 472,511	$ 1,464,841	$ 1,371,438
Cost of sales:
Amortization	20,707	17,281	60,404	51,947
Total cost of sales	65,257	61,967	201,249	189,214
Gross profit	393,538	410,544	1,263,592	1,182,224
Operating expenses:
Selling, general and administrative	194,552	175,283	585,278	515,421
Research and development	123,223	108,056	368,581	322,271
Amortization	5,947	3,821	16,598	11,975
Total operating expenses	323,722	287,160	970,457	849,667
Operating income	69,816	123,384	293,135	332,557
Interest income	4,909	1,345	12,389	2,141
Interest expense	(12,276)	(6,092)	(34,594)	(13,668)
Other income (expense), net	96	(656)	(3,564)	(2,126)
Income before income tax provision	62,545	117,981	267,366	318,904
Income tax provision	7,043	22,006	41,716	53,141
Net income	$ 55,502	$ 95,975	$ 225,650	$ 265,763
Earnings per share – basic:
Earnings per share	$ 0.64	$ 1.10	$ 2.60	$ 3.05
Weighted average shares	86,817	87,063	86,814	87,062
Earnings per share – diluted:
Earnings per share	$ 0.64	$ 1.10	$ 2.58	$ 3.04
Weighted average shares	87,381	87,418	87,335	87,496
Software licenses
Revenue:
Total revenue	$ 162,422	$ 208,906	$ 586,471	$ 575,332
Cost of sales:
Cost of sales:	8,692	8,425	29,095	25,370
Maintenance and service
Revenue:
Total revenue	296,373	263,605	878,370	796,106
Cost of sales:
Cost of sales:	$ 35,858	$ 36,261	$ 111,750	$ 111,897

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 55,502	$ 95,975	$ 225,650	$ 265,763
Other comprehensive loss:
Foreign currency translation adjustments	(32,834)	(61,636)	(11,547)	(132,371)
Comprehensive income	$ 22,668	$ 34,339	$ 214,103	$ 133,392

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income	$ 225,650	$ 265,763
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and intangible assets amortization	99,016	86,239
Operating lease right-of-use assets expense	17,625	17,356
Deferred income tax benefit	(74,426)	(63,560)
Provision for bad debts	2,442	2,476
Stock-based compensation expense	158,533	122,119
Other	1,252	4,986
Changes in operating assets and liabilities:
Accounts receivable	168,958	66,369
Other receivables and current assets	61,203	96,641
Other long-term assets	(5,897)	(3,121)
Accounts payable, accrued expenses and current liabilities	(105,197)	(111,039)
Accrued income taxes	6,327	9,751
Deferred revenue	(65,242)	(28,203)
Other long-term liabilities	(5,844)	(8,746)
Net cash provided by operating activities	484,400	457,031
Cash flows from investing activities:
Acquisitions, net of cash acquired	(197,786)	(242,613)
Capital expenditures	(16,541)	(15,227)
Other investing activities	(5,839)	(782)
Net cash used in investing activities	(220,166)	(258,622)
Cash flows from financing activities:
Purchase of treasury stock	(196,494)	(155,571)
Restricted stock withholding taxes paid in lieu of issued shares	(60,827)	(62,035)
Proceeds from shares issued for stock-based compensation	26,015	20,918
Other financing activities	(1,294)	(1,290)
Net cash used in financing activities	(232,600)	(197,978)
Effect of exchange rate fluctuations on cash and cash equivalents	(6,683)	(35,589)
Net increase (decrease) in cash and cash equivalents	24,951	(35,158)
Cash and cash equivalents, beginning of period	614,391	667,667
Cash and cash equivalents, end of period	639,342	632,509
Supplemental disclosure of cash flow information:
Income taxes paid	100,135	42,055
Interest paid	33,795	12,192
Non-cash and unpaid consideration in connection with acquisitions	$ 5,056	$ 3,391

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Analytical Graphics, Inc.	Common Stock	Additional Paid-In Capital	Additional Paid-In Capital Analytical Graphics, Inc.	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock, Common	Treasury Stock, Common Analytical Graphics, Inc.
Beginning balance at Dec. 31, 2021	$ 4,484,048		$ 953	$ 1,465,694		$ 4,259,220	$ (56,112)	$ (1,185,707)
Beginning balance, shares at Dec. 31, 2021			95,267					8,188
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired, including excise tax	(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	(78,204)	$ (1,304,413)
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	(56,112)	$ (1,185,707)
Beginning balance, shares at Dec. 31, 2021			95,267					8,188
Increase (Decrease) in Stockholders' Equity [Roll Forward]
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	(188,483)	$ (1,294,098)
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	(78,204)	$ (1,304,413)
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)
Acquisition activity, treasury shares									(3)
Acquisition activity		$ 811			$ 511				$ 300
Other comprehensive (loss) income	(48,643)						(48,643)
Net income	98,800					98,800
Ending balance at Jun. 30, 2022	4,452,755		$ 953	1,450,549		4,429,008	(126,847)	$ (1,300,908)
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	(188,483)	$ (1,294,098)
Ending balance, shares at Sep. 30, 2022			95,267					8,179
Beginning balance at Dec. 31, 2022	4,865,851		$ 953	1,540,317		4,782,930	(122,722)	$ (1,335,627)
Beginning balance, shares at Dec. 31, 2022			95,267					8,317
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired, including excise tax	(197,416)							$ (197,416)
Treasury shares acquired, shares								650
Stock-based compensation activity	(179)			(34,529)				$ 34,350
Stock-based compensation activity, shares								(356)
Other comprehensive (loss) income	13,284						13,284
Net income	100,622					100,622
Ending balance at Mar. 31, 2023	4,782,162		$ 953	1,505,788		4,883,552	(109,438)	$ (1,498,693)
Ending balance, shares at Mar. 31, 2023			95,267					8,611
Beginning balance at Dec. 31, 2022	$ 4,865,851		$ 953	1,540,317		4,782,930	(122,722)	$ (1,335,627)
Beginning balance, shares at Dec. 31, 2022			95,267					8,317
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired, shares	650
Net income	$ 225,650
Ending balance at Sep. 30, 2023	5,006,800		$ 953	1,612,269		5,008,580	(134,269)	$ (1,480,733)
Ending balance, shares at Sep. 30, 2023			95,267					8,429
Beginning balance at Mar. 31, 2023	4,782,162		$ 953	1,505,788		4,883,552	(109,438)	$ (1,498,693)
Beginning balance, shares at Mar. 31, 2023			95,267					8,611
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired, including excise tax	343							$ 343
Stock-based compensation activity	54,378			44,365				$ 10,013
Stock-based compensation activity, shares								(105)
Other comprehensive (loss) income	8,003						8,003
Net income	69,526					69,526
Ending balance at Jun. 30, 2023	4,914,412		$ 953	1,550,153		4,953,078	(101,435)	$ (1,488,337)
Ending balance, shares at Jun. 30, 2023			95,267					8,506
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury shares acquired, including excise tax	264							$ 264
Stock-based compensation activity	69,456			62,116				$ 7,340
Stock-based compensation activity, shares								(77)
Other comprehensive (loss) income	(32,834)						(32,834)
Net income	55,502					55,502
Ending balance at Sep. 30, 2023	$ 5,006,800		$ 953	$ 1,612,269		$ 5,008,580	$ (134,269)	$ (1,480,733)
Ending balance, shares at Sep. 30, 2023			95,267					8,429

Organization

Organization	9 Months Ended
	Sep. 30, 2023
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 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, 2023
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, 2022 (2022 Form 10-K). The condensed consolidated December 31, 2022 balance sheet presented is derived from the audited December 31, 2022 balance sheet included in the 2022 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, 2023 are not necessarily indicative of the results that may be expected for any future period. Certain items in the notes to the condensed consolidated financial statements of prior years have been reclassified to conform to the current year's presentation. These reclassifications had no effect on reported net income, comprehensive income, cash flows, total assets or total liabilities and stockholders' equity. Accounting Guidance Issued and Not Yet Adopted Recently issued accounting pronouncements are not expected to have a material impact on our financial position, results of operations or cash flows upon adoption. 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, 2023 December 31, 2022 (in thousands, except percentages) Amount % of Total Amount % of Total Cash accounts $ 530,839 83.0 $ 503,733 82.0 Money market funds 108,503 17.0 110,658 18.0 Total $ 639,342 $ 614,391 Our money market fund balances are held in various funds of a single issuer at September 30, 2023.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2023
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 $ 103,573 $ 136,489 $ 386,494 $ 362,977 Perpetual licenses 58,849 72,417 199,977 212,355 Software licenses 162,422 208,906 586,471 575,332 Maintenance 278,108 247,678 820,393 742,554 Service 18,265 15,927 57,977 53,552 Maintenance and service 296,373 263,605 878,370 796,106 Total revenue $ 458,795 $ 472,511 $ 1,464,841 $ 1,371,438 Direct revenue, as a percentage of total revenue 73.5 % 74.8 % 73.7 % 73.7 % Indirect revenue, as a percentage of total revenue 26.5 % 25.2 % 26.3 % 26.3 % Our software license revenue is recognized up front, while maintenance and service revenue is 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, 2023 and 2022 were as follows: (in thousands) 2023 2022 Beginning balance – January 1 $ 435,758 $ 412,781 Acquired deferred revenue 7,910 1,032 Deferral of revenue 1,399,367 1,343,122 Recognition of revenue (1,464,841) (1,371,438) Currency translation (7,761) (30,779) Ending balance – September 30 $ 370,433 $ 354,718 Total revenue allocated to remaining performance obligations as of September 30, 2023 will be recognized as revenue as follows: (in thousands) Next 12 months $ 774,215 Months 13-24 306,571 Months 25-36 95,311 Thereafter 29,580 Total revenue allocated to remaining performance obligations $ 1,205,677

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2023
Business Combinations [Abstract]
Acquisitions	Acquisitions During the quarter ended June 30, 2023, we completed the acquisition of Diakopto for a purchase price of $83.3 million, or $77.2 million net of cash acquired, to expand our multiphysics simulation portfolio for semiconductor designers. The effects of the business combination were not material to our condensed consolidated results of operations. On January 3, 2023, we completed the acquisition of DYNAmore for a purchase price of $139.2 million, or $126.4 million net of cash acquired. The acquisition expands our position as a simulation solution provider within the automotive industry. The effects of the acquisition were not material to our condensed consolidated results of operations. During the three and nine months ended September 30, 2023, we incurred acquisition-related expenses of $1.5 million and $5.8 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 the fair market values as of each respective date of acquisition. The following tables summarize the fair value of consideration and the fair values of identified assets acquired and liabilities assumed for the combined acquisitions at each respective date of acquisition: Fair Value of Consideration: (in thousands) Cash $ 217,392 Non-cash consideration 5,056 Total consideration $ 222,448 Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed: (in thousands) Cash $ 18,866 Accounts receivable and other tangible assets 18,152 Developed software and core technologies 25,594 Customer lists 83,790 Trade names 2,910 Accounts payable and other liabilities (8,742) Deferred revenue (7,910) Net deferred tax liabilities (31,272) Total identifiable net assets $ 101,388 Goodwill $ 121,060 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 value 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, attrition rate and obsolescence rate. The weighted-average useful life, valuation method and assumptions used to determine the fair value of the intangible assets acquired in 2023 are as follows: Intangible Asset Weighted-Average Useful Life Valuation Method Assumptions Developed software and core technologies 5 years Relief-from-royalty or multi-period excess earnings Royalty rate: 20.0% Obsolescence rate: 20.0% Discount rate: 15.5% - 22.0% Trade names 5 years Relief-from-royalty Royalty rate: 1.0% - 2.0% Discount rate: 15.5% - 22.0% Customer lists 13 years Multi-period excess earnings Attrition rate: 5.0% Discount rate: 15.5% - 22.0% 2022 Acquisitions During the year ended December 31, 2022, we completed several acquisitions to enhance our customers' experience. The combined purchase price of these acquisitions during the year ended December 31, 2022 was $401.7 million, or $390.8 million net of cash acquired. The operating results of each acquisition have been included in our condensed consolidated financial statements since each respective date of acquisition. The effects of the acquisitions were not material to our condensed consolidated results of operations.

Other Receivables and Current A

Other Receivables and Current Assets and Other Accrued Expenses and Liabilities	9 Months Ended
	Sep. 30, 2023
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 $ 135,981 $ 209,139 Income taxes receivable, including overpayments and refunds 37,097 28,963 Prepaid expenses and other current assets 55,935 51,159 Total other receivables and current assets $ 229,013 $ 289,261 Accrued vacation 44,369 39,118 Consumption, VAT and sales tax liabilities 16,298 41,812 Accrued expenses and other current liabilities 105,316 117,290 Total other accrued expenses and liabilities $ 165,983 $ 198,220 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, 2023
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 $ 55,502 $ 95,975 $ 225,650 $ 265,763 Weighted average shares outstanding – basic 86,817 87,063 86,814 87,062 Dilutive effect of stock plans 564 355 521 434 Weighted average shares outstanding – diluted 87,381 87,418 87,335 87,496 Basic earnings per share $ 0.64 $ 1.10 $ 2.60 $ 3.05 Diluted earnings per share $ 0.64 $ 1.10 $ 2.58 $ 3.04 Anti-dilutive shares 73 54 257 366

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Intangible assets are classified as follows: September 30, 2023 December 31, 2022 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,136,728 $ (536,643) $ 1,106,789 $ (483,033) Customer lists 283,231 (82,267) 205,484 (71,618) Trade names 189,203 (141,404) 186,424 (135,220) Total $ 1,609,162 $ (760,314) $ 1,498,697 $ (689,871) 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, 2023, estimated future amortization expense for the intangible assets reflected above was as follows: (in thousands) Remainder of 2023 $ 26,383 2024 111,049 2025 113,657 2026 114,451 2027 117,260 2028 110,478 Thereafter 255,570 Total intangible assets subject to amortization 848,848 Indefinite-lived trade name 357 Other intangible assets, net $ 849,205 The changes in goodwill during the nine months ended September 30, 2023 and 2022 were as follows: (in thousands) 2023 2022 Beginning balance – January 1 $ 3,658,267 $ 3,409,271 Acquisitions and adjustments (1) 113,502 197,173 Currency translation (2,448) (73,985) Ending balance – September 30 $ 3,769,321 $ 3,532,459 (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 effected the measurement of the amounts recognized as of that date. During the first quarter of 2023, 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, 2023. No events or circumstances changed during the nine months ended September 30, 2023 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, 2023
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 $ 108,503 $ 108,503 $ — $ — Short-term investments $ 171 $ — $ 171 $ — Deferred compensation plan investments $ 2,302 $ 2,302 $ — $ — Equity securities $ 761 $ 761 $ — $ — Fair Value Measurements at Reporting Date Using: (in thousands) December 31, 2022 Quoted Prices in Significant Other Significant Assets Cash equivalents $ 110,658 $ 110,658 $ — $ — Short-term investments $ 183 $ — $ 183 $ — Deferred compensation plan investments $ 1,618 $ 1,618 $ — $ — Equity securities $ 892 $ 892 $ — $ — 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, 2023
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. 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 $ 7,097 $ 6,960 $ 21,207 $ 20,886 Variable lease cost not included in the lease liability (1) 1,523 1,015 4,134 3,202 Total lease cost $ 8,620 $ 7,975 $ 25,341 $ 24,088 (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 $ (7,288) $ (6,720) $ (20,993) $ (20,309) Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,192 $ 8,131 $ 7,508 $ 28,806 As of September 30, 2023 2022 Weighted-average remaining lease term of operating leases 6.5 years 7.3 years Weighted-average discount rate of operating leases 3.4 % 3.2 % The maturity schedule of the operating lease liabilities as of September 30, 2023 is as follows: (in thousands) Remainder of 2023 $ 7,097 2024 25,268 2025 21,558 2026 19,446 2027 18,038 Thereafter 45,236 Total future lease payments 136,643 Less: Present value adjustment (13,930) Present value of future lease payments (1) $ 122,713 (1) Includes the current portion of operating lease liabilities of $22.6 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, 2023.

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt On June 30, 2022, we entered into a credit agreement (as amended, the 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 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 net leverage ratio and (2) a pricing level determined by our public debt rating (if available). On September 29, 2023, the 2022 Credit Agreement was amended to provide for an interest rate adjustment (Sustainability Rate Adjustment) based upon the achievement of certain environmental, social and governance key performance indicators (KPIs). The Sustainability Rate Adjustment range is +/- 0.05% and will go into effect in the first quarter of 2024 based on the 2023 KPIs and will be adjusted annually based on the KPIs of the preceding year. 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 for the three and nine months ended September 30, 2023 was 6.22% and 5.89%, respectively. Under the prior credit agreements and the 2022 Credit Agreement , the weighted average interest rate in effect for the three and nine months ended September 30, 2022 was 3.05% and 2.11%, respectively. The rate in effect as of September 30, 2023 and for the fourth quarter of 2023 under the 2022 Credit Agreement is 6.37%. 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 net 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 net 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, 2023, we had $755.0 million of borrowings outstanding under the term loan, with a carrying value of $753.8 million, which is net of $1.2 million of unamortized debt discounts and issuance costs. The total amount was included in long-term debt. As of September 30, 2023, no borrowings were outstanding under the revolving loan facility. As of December 31, 2022, we had $755.0 million of borrowings outstanding under the term loan, 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, 2022, no borrowings were outstanding under the revolving loan facility. We were in compliance with all covenants under the 2022 Credit Agreement as of September 30, 2023 and December 31, 2022.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
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 $ 62,545 $ 117,981 $ 267,366 $ 318,904 Income tax provision $ 7,043 $ 22,006 $ 41,716 $ 53,141 Effective tax rate 11.3 % 18.7 % 15.6 % 16.7 %

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Sep. 30, 2023
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 650 500 Average price paid per share $ 302.34 $ 311.14 Total cost $ 196,494 $ 155,571

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation 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 $ 3,568 $ 2,621 $ 9,924 $ 7,448 Operating expenses: Selling, general and administrative 32,907 27,077 89,006 67,117 Research and development 21,586 17,272 59,603 47,554 Stock-based compensation expense before taxes 58,061 46,970 158,533 122,119 Related income tax benefits (12,993) (9,984) (41,848) (42,037) Stock-based compensation expense, net of taxes $ 45,068 $ 36,986 $ 116,685 $ 80,082 Net impact on earnings per share: Basic earnings per share $ (0.52) $ (0.42) $ (1.34) $ (0.92) Diluted earnings per share $ (0.52) $ (0.42) $ (1.34) $ (0.92)

Geographic Information

Geographic Information	9 Months Ended
	Sep. 30, 2023
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 $ 204,824 $ 201,263 $ 661,953 $ 586,063 Japan 40,956 38,586 141,770 133,562 Germany 37,901 48,115 117,240 111,888 China 19,548 28,265 91,128 83,924 South Korea 27,928 49,581 75,868 104,950 Other Europe, Middle East and Africa (EMEA) 83,719 72,058 251,696 236,250 Other international 43,919 34,643 125,186 114,801 Total revenue $ 458,795 $ 472,511 $ 1,464,841 $ 1,371,438 Property and equipment by geographic area is as follows: (in thousands) September 30, December 31, United States $ 55,589 $ 58,258 India 5,244 5,978 EMEA 10,063 11,043 Other international 4,535 5,559 Total property and equipment, net $ 75,431 $ 80,838

Contingencies and Commitments

Contingencies and Commitments	9 Months Ended
	Sep. 30, 2023
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 $7.1 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, 2023. 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 $7.1 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.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income	$ 55,502	$ 69,526	$ 100,622	$ 95,975	$ 98,800	$ 70,988	$ 225,650	$ 265,763

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
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, 2022 (2022 Form 10-K). The condensed consolidated December 31, 2022 balance sheet presented is derived from the audited December 31, 2022 balance sheet included in the 2022 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, 2023 are not necessarily indicative of the results that may be expected for any future period. Certain items in the notes to the condensed consolidated financial statements of prior years have been reclassified to conform to the current year's presentation. These reclassifications had no effect on reported net income, comprehensive income, cash flows, total assets or total liabilities and stockholders' equity.
Accounting Guidance Issued and Not Yet Adopted	Accounting Guidance Issued and Not Yet AdoptedRecently issued accounting pronouncements are not expected to have a material impact on our financial position, results of operations or cash flows upon adoption.
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, 2023 December 31, 2022 (in thousands, except percentages) Amount % of Total Amount % of Total Cash accounts $ 530,839 83.0 $ 503,733 82.0 Money market funds 108,503 17.0 110,658 18.0 Total $ 639,342 $ 614,391 Our money market fund balances are held in various funds of a single issuer at September 30, 2023.

Accounting Policies (Tables)

Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Cash and Cash Equivalents	Our cash and cash equivalents balances comprise the following: September 30, 2023 December 31, 2022 (in thousands, except percentages) Amount % of Total Amount % of Total Cash accounts $ 530,839 83.0 $ 503,733 82.0 Money market funds 108,503 17.0 110,658 18.0 Total $ 639,342 $ 614,391

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2023
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 $ 103,573 $ 136,489 $ 386,494 $ 362,977 Perpetual licenses 58,849 72,417 199,977 212,355 Software licenses 162,422 208,906 586,471 575,332 Maintenance 278,108 247,678 820,393 742,554 Service 18,265 15,927 57,977 53,552 Maintenance and service 296,373 263,605 878,370 796,106 Total revenue $ 458,795 $ 472,511 $ 1,464,841 $ 1,371,438 Direct revenue, as a percentage of total revenue 73.5 % 74.8 % 73.7 % 73.7 % Indirect revenue, as a percentage of total revenue 26.5 % 25.2 % 26.3 % 26.3 %
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, 2023 and 2022 were as follows: (in thousands) 2023 2022 Beginning balance – January 1 $ 435,758 $ 412,781 Acquired deferred revenue 7,910 1,032 Deferral of revenue 1,399,367 1,343,122 Recognition of revenue (1,464,841) (1,371,438) Currency translation (7,761) (30,779) Ending balance – September 30 $ 370,433 $ 354,718
Remaining Performance Obligations, Expected Timing of Satisfaction	Total revenue allocated to remaining performance obligations as of September 30, 2023 will be recognized as revenue as follows: (in thousands) Next 12 months $ 774,215 Months 13-24 306,571 Months 25-36 95,311 Thereafter 29,580 Total revenue allocated to remaining performance obligations $ 1,205,677

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combinations [Abstract]
Fair Value of Consideration	The following tables summarize the fair value of consideration and the fair values of identified assets acquired and liabilities assumed for the combined acquisitions at each respective date of acquisition: Fair Value of Consideration: (in thousands) Cash $ 217,392 Non-cash consideration 5,056 Total consideration $ 222,448
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed: (in thousands) Cash $ 18,866 Accounts receivable and other tangible assets 18,152 Developed software and core technologies 25,594 Customer lists 83,790 Trade names 2,910 Accounts payable and other liabilities (8,742) Deferred revenue (7,910) Net deferred tax liabilities (31,272) Total identifiable net assets $ 101,388 Goodwill $ 121,060
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 2023 are as follows: Intangible Asset Weighted-Average Useful Life Valuation Method Assumptions Developed software and core technologies 5 years Relief-from-royalty or multi-period excess earnings Royalty rate: 20.0% Obsolescence rate: 20.0% Discount rate: 15.5% - 22.0% Trade names 5 years Relief-from-royalty Royalty rate: 1.0% - 2.0% Discount rate: 15.5% - 22.0% Customer lists 13 years Multi-period excess earnings Attrition rate: 5.0% Discount rate: 15.5% - 22.0%

Other Receivables and Current_2

Other Receivables and Current Assets and Other Accrued Expenses and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
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 $ 135,981 $ 209,139 Income taxes receivable, including overpayments and refunds 37,097 28,963 Prepaid expenses and other current assets 55,935 51,159 Total other receivables and current assets $ 229,013 $ 289,261 Accrued vacation 44,369 39,118 Consumption, VAT and sales tax liabilities 16,298 41,812 Accrued expenses and other current liabilities 105,316 117,290 Total other accrued expenses and liabilities $ 165,983 $ 198,220

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
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 $ 55,502 $ 95,975 $ 225,650 $ 265,763 Weighted average shares outstanding – basic 86,817 87,063 86,814 87,062 Dilutive effect of stock plans 564 355 521 434 Weighted average shares outstanding – diluted 87,381 87,418 87,335 87,496 Basic earnings per share $ 0.64 $ 1.10 $ 2.60 $ 3.05 Diluted earnings per share $ 0.64 $ 1.10 $ 2.58 $ 3.04 Anti-dilutive shares 73 54 257 366

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets (Indefinite-Lived)	Intangible assets are classified as follows: September 30, 2023 December 31, 2022 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,136,728 $ (536,643) $ 1,106,789 $ (483,033) Customer lists 283,231 (82,267) 205,484 (71,618) Trade names 189,203 (141,404) 186,424 (135,220) Total $ 1,609,162 $ (760,314) $ 1,498,697 $ (689,871) Indefinite-lived intangible asset: Trade name $ 357 $ 357
Intangible Assets (Finite-Lived)	Intangible assets are classified as follows: September 30, 2023 December 31, 2022 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,136,728 $ (536,643) $ 1,106,789 $ (483,033) Customer lists 283,231 (82,267) 205,484 (71,618) Trade names 189,203 (141,404) 186,424 (135,220) Total $ 1,609,162 $ (760,314) $ 1,498,697 $ (689,871) Indefinite-lived intangible asset: Trade name $ 357 $ 357
Estimated Future Amortization Expense for Intangible Assets	As of September 30, 2023, estimated future amortization expense for the intangible assets reflected above was as follows: (in thousands) Remainder of 2023 $ 26,383 2024 111,049 2025 113,657 2026 114,451 2027 117,260 2028 110,478 Thereafter 255,570 Total intangible assets subject to amortization 848,848 Indefinite-lived trade name 357 Other intangible assets, net $ 849,205
Changes in Goodwill	The changes in goodwill during the nine months ended September 30, 2023 and 2022 were as follows: (in thousands) 2023 2022 Beginning balance – January 1 $ 3,658,267 $ 3,409,271 Acquisitions and adjustments (1) 113,502 197,173 Currency translation (2,448) (73,985) Ending balance – September 30 $ 3,769,321 $ 3,532,459 (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 effected the measurement of the amounts recognized as of that date.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2023
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 $ 108,503 $ 108,503 $ — $ — Short-term investments $ 171 $ — $ 171 $ — Deferred compensation plan investments $ 2,302 $ 2,302 $ — $ — Equity securities $ 761 $ 761 $ — $ — Fair Value Measurements at Reporting Date Using: (in thousands) December 31, 2022 Quoted Prices in Significant Other Significant Assets Cash equivalents $ 110,658 $ 110,658 $ — $ — Short-term investments $ 183 $ — $ 183 $ — Deferred compensation plan investments $ 1,618 $ 1,618 $ — $ — Equity securities $ 892 $ 892 $ — $ —

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
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 $ 7,097 $ 6,960 $ 21,207 $ 20,886 Variable lease cost not included in the lease liability (1) 1,523 1,015 4,134 3,202 Total lease cost $ 8,620 $ 7,975 $ 25,341 $ 24,088 (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 $ (7,288) $ (6,720) $ (20,993) $ (20,309) Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,192 $ 8,131 $ 7,508 $ 28,806 As of September 30, 2023 2022 Weighted-average remaining lease term of operating leases 6.5 years 7.3 years Weighted-average discount rate of operating leases 3.4 % 3.2 %
Schedule of Maturity of Operating Lease Liabilities	The maturity schedule of the operating lease liabilities as of September 30, 2023 is as follows: (in thousands) Remainder of 2023 $ 7,097 2024 25,268 2025 21,558 2026 19,446 2027 18,038 Thereafter 45,236 Total future lease payments 136,643 Less: Present value adjustment (13,930) Present value of future lease payments (1) $ 122,713 (1) Includes the current portion of operating lease liabilities of $22.6 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, 2023
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 $ 62,545 $ 117,981 $ 267,366 $ 318,904 Income tax provision $ 7,043 $ 22,006 $ 41,716 $ 53,141 Effective tax rate 11.3 % 18.7 % 15.6 % 16.7 %

Stock Repurchase Program (Table

Stock Repurchase Program (Tables)	9 Months Ended
	Sep. 30, 2023
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 650 500 Average price paid per share $ 302.34 $ 311.14 Total cost $ 196,494 $ 155,571

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
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 $ 3,568 $ 2,621 $ 9,924 $ 7,448 Operating expenses: Selling, general and administrative 32,907 27,077 89,006 67,117 Research and development 21,586 17,272 59,603 47,554 Stock-based compensation expense before taxes 58,061 46,970 158,533 122,119 Related income tax benefits (12,993) (9,984) (41,848) (42,037) Stock-based compensation expense, net of taxes $ 45,068 $ 36,986 $ 116,685 $ 80,082 Net impact on earnings per share: Basic earnings per share $ (0.52) $ (0.42) $ (1.34) $ (0.92) Diluted earnings per share $ (0.52) $ (0.42) $ (1.34) $ (0.92)

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2023
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 $ 204,824 $ 201,263 $ 661,953 $ 586,063 Japan 40,956 38,586 141,770 133,562 Germany 37,901 48,115 117,240 111,888 China 19,548 28,265 91,128 83,924 South Korea 27,928 49,581 75,868 104,950 Other Europe, Middle East and Africa (EMEA) 83,719 72,058 251,696 236,250 Other international 43,919 34,643 125,186 114,801 Total revenue $ 458,795 $ 472,511 $ 1,464,841 $ 1,371,438
Property and Equipment by Geographic Area	Property and equipment by geographic area is as follows: (in thousands) September 30, December 31, United States $ 55,589 $ 58,258 India 5,244 5,978 EMEA 10,063 11,043 Other international 4,535 5,559 Total property and equipment, net $ 75,431 $ 80,838

Organization (Detail)

Organization (Detail)	9 Months Ended
	Sep. 30, 2023 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	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Cash accounts, Amount	$ 530,839	$ 503,733
Money market funds, Amount	108,503	110,658
Total	$ 639,342	$ 614,391
Cash
Percent Of Cash And Cash Equivalents	83%	82%
Money Market Funds
Percent Of Cash And Cash Equivalents	17%	18%
Money Market Funds | Money Market Fund Benchmark | Money Market Fund Concentration Risk
Concentration risk, percentage	100%

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Amount of revenue recognized from beginning deferred revenue and backlog	$ 706.2	$ 608.7

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 458,795	$ 472,511	$ 1,464,841	$ 1,371,438
Direct revenue, as a percentage of total revenue | Revenue Benchmark | Sales Channel Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	73.50%	74.80%	73.70%	73.70%
Indirect revenue, as a percentage of total revenue | Revenue Benchmark | Sales Channel Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	26.50%	25.20%	26.30%	26.30%
Subscription lease licenses
Disaggregation of Revenue [Line Items]
Total revenue	$ 103,573	$ 136,489	$ 386,494	$ 362,977
Perpetual licenses
Disaggregation of Revenue [Line Items]
Total revenue	58,849	72,417	199,977	212,355
Software licenses
Disaggregation of Revenue [Line Items]
Total revenue	162,422	208,906	586,471	575,332
Maintenance
Disaggregation of Revenue [Line Items]
Total revenue	278,108	247,678	820,393	742,554
Service
Disaggregation of Revenue [Line Items]
Total revenue	18,265	15,927	57,977	53,552
Maintenance and service
Disaggregation of Revenue [Line Items]
Total revenue	$ 296,373	$ 263,605	$ 878,370	$ 796,106

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Changes in Deferred Revenue (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 435,758	$ 412,781
Acquired deferred revenue	7,910	1,032
Deferral of revenue	1,399,367	1,343,122
Recognition of revenue	(1,464,841)	(1,371,438)
Currency translation	(7,761)	(30,779)
Ending balance	$ 370,433	$ 354,718

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Remaining Performance Obligations, Expected Timing of Satisfaction (Detail) $ in Thousands	Sep. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 1,205,677
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
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, amount	$ 774,215
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
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, amount	$ 306,571
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-01
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, amount	$ 95,311
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, remaining performance obligation, amount	$ 29,580

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Payments to acquire businesses, net of cash acquired		$ 197,786	$ 242,613
Acquisition-related expenses	$ 1,500	5,800
Series of Individually Immaterial Business Acquisitions
Payments to acquire businesses, net of cash acquired				$ 390,800
Diakopto
Payments to acquire businesses, net of cash acquired		77,200
DYNAmore
Payments to acquire businesses, net of cash acquired		$ 126,400

Acquisitions - Fair Value of Co

Acquisitions - Fair Value of Consideration (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Diakopto
Total consideration	$ 83,300
DYNAmore
Total consideration	139,200
Series of Individually Immaterial Business Acquisitions
Cash	217,392
Non-cash consideration	5,056
Total consideration	$ 222,448	$ 401,700

Acquisitions - Recognized Amoun

Acquisitions - Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed (Details) - Series of Individually Immaterial Business Acquisitions $ in Thousands	Sep. 30, 2023 USD ($)
Cash	$ 18,866
Accounts receivable and other tangible assets	18,152
Accounts payable and other liabilities	(8,742)
Deferred revenue	(7,910)
Net deferred tax liabilities	(31,272)
Total identifiable net assets	101,388
Goodwill	121,060
Developed software and core technologies
Finite-lived intangible assets	25,594
Customer lists
Finite-lived intangible assets	83,790
Trade names
Finite-lived intangible assets	$ 2,910

Acquisitions - Valuation Assump

Acquisitions - Valuation Assumptions and Weighted-Average Useful Life (Details) - Series of Individually Immaterial Business Acquisitions	9 Months Ended
	Sep. 30, 2023
Developed software and core technologies
Finite-lived intangible asset, useful life	5 years
Royalty Rate	20%
Obsolescence Rate	20%
Developed software and core technologies | Maximum
Discount Rate	22%
Developed software and core technologies | Minimum
Discount Rate	15.50%
Trade names
Finite-lived intangible asset, useful life	5 years
Trade names | Maximum
Royalty Rate	2%
Discount Rate	22%
Trade names | Minimum
Royalty Rate	1%
Discount Rate	15.50%
Customer lists
Finite-lived intangible asset, useful life	13 years
Attrition Rate	5%
Customer lists | Maximum
Discount Rate	22%
Customer lists | Minimum
Discount Rate	15.50%

Other Receivables and Current_3

Other Receivables and Current Assets and Other Accrued Expenses and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities [Abstract]
Receivables related to unrecognized revenue	$ 135,981	$ 209,139
Income taxes receivable, including overpayments and refunds	37,097	28,963
Prepaid expenses and other current assets	55,935	51,159
Total other receivables and current assets	229,013	289,261
Accrued vacation	44,369	39,118
Consumption, VAT and sales tax liabilities	16,298	41,812
Accrued expenses and other current liabilities	105,316	117,290
Total other accrued expenses and liabilities	$ 165,983	$ 198,220

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, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net income	$ 55,502	$ 69,526	$ 100,622	$ 95,975	$ 98,800	$ 70,988	$ 225,650	$ 265,763
Weighted average shares outstanding – basic	86,817			87,063			86,814	87,062
Dilutive effect of stock plans	564			355			521	434
Weighted average shares outstanding – diluted	87,381			87,418			87,335	87,496
Basic earnings per share	$ 0.64			$ 1.10			$ 2.60	$ 3.05
Diluted earnings per share	$ 0.64			$ 1.10			$ 2.58	$ 3.04
Anti-dilutive shares	73			54			257	366

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail)	Sep. 30, 2023
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, 2023	Dec. 31, 2022
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	$ 1,609,162	$ 1,498,697
Amortized intangible assets, accumulated amortization	(760,314)	(689,871)
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	1,136,728	1,106,789
Amortized intangible assets, accumulated amortization	(536,643)	(483,033)
Customer lists
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	283,231	205,484
Amortized intangible assets, accumulated amortization	(82,267)	(71,618)
Trade names
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	189,203	186,424
Amortized intangible assets, accumulated amortization	$ (141,404)	$ (135,220)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Future Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 26,383
2024	111,049
2025	113,657
2026	114,451
2027	117,260
2028	110,478
Thereafter	255,570
Total intangible assets subject to amortization	848,848
Indefinite-lived trade name	357
Other intangible assets, net	$ 849,205	$ 809,183

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Goodwill (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Goodwill [Roll Forward]
Beginning balance	$ 3,658,267	$ 3,409,271
Acquisitions and adjustments	113,502	197,173
Currency translation	(2,448)	(73,985)
Ending balance	$ 3,769,321	$ 3,532,459

Fair Value Measurement - Fair V

Fair Value Measurement - Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 108,503	$ 110,658
Short-term investments	171	183
Deferred compensation plan investments	2,302	1,618
Equity securities	761	892
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	108,503	110,658
Short-term investments	0	0
Deferred compensation plan investments	2,302	1,618
Equity securities	761	892
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	171	183
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)	Sep. 30, 2023
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) - Canonsburg Office, New Company Headquarters $ in Millions	Sep. 30, 2023 USD ($) ft²
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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Lease liability cost	$ 7,097	$ 6,960	$ 21,207	$ 20,886
Variable lease cost not included in the lease liability	1,523	1,015	4,134	3,202
Total lease cost	$ 8,620	$ 7,975	$ 25,341	$ 24,088

Leases - Lessee, Operating Leas

Leases - Lessee, Operating Lease Other Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ (7,288)	$ (6,720)	$ (20,993)	$ (20,309)
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 2,192	$ 8,131	$ 7,508	$ 28,806
Weighted-average remaining lease term of operating leases	6 years 6 months	7 years 3 months 18 days	6 years 6 months	7 years 3 months 18 days
Weighted-average discount rate of operating leases	3.40%	3.20%	3.40%	3.20%

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Operating Lease Liabilities (Detail) $ in Thousands	Sep. 30, 2023 USD ($)
Leases [Abstract]
Remainder of 2023	$ 7,097
2024	25,268
2025	21,558
2026	19,446
2027	18,038
Thereafter	45,236
Total future lease payments	136,643
Less: Present value adjustment	(13,930)
Present value of future lease payments	122,713
Current portion of operating lease liabilities	$ 22,600

Debt (Detail)

Debt (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Debt Disclosure [Line Items]
Long-term debt, gross value	$ 755,000,000		$ 755,000,000		$ 755,000,000
Sustainability Rate Adjustment	0.05%		0.05%
Weighted-average interest rate over time	6.22%	3.05%	5.89%	2.11%
Weighted-average interest rate at point in time	6.37%		6.37%
Consolidated net leverage ratio	3.50		3.50
Consolidated net leverage ratio increased	4		4
Qualified acquisition amount	$ 250,000,000		$ 250,000,000
Unsecured long-term debt, noncurrent	753,800,000		753,800,000		753,600,000
Unamortized debt discount and issuance costs	1,200,000		1,200,000		1,400,000
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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income before income tax provision	$ 62,545	$ 117,981	$ 267,366	$ 318,904
Income tax provision	$ 7,043	$ 22,006	$ 41,716	$ 53,141
Effective tax rate	11.30%	18.70%	15.60%	16.70%

Stock Repurchase Program (Detai

Stock Repurchase Program (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Class of Stock Disclosures [Abstract]
Number of shares repurchased	650	500
Average price paid per share	$ 302.34	$ 311.14
Total cost	$ 196,494	$ 155,571

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) shares in Millions	Sep. 30, 2023 shares
Class of Stock Disclosures [Abstract]
Stock repurchase program, remaining number of shares authorized to be repurchased	1.1
Inflation Reduction Act Excise Tax	1%

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 58,061	$ 46,970	$ 158,533	$ 122,119
Related income tax benefits	(12,993)	(9,984)	(41,848)	(42,037)
Stock-based compensation expense, net of taxes	$ 45,068	$ 36,986	$ 116,685	$ 80,082
Basic earnings per share	$ (0.52)	$ (0.42)	$ (1.34)	$ (0.92)
Diluted earnings per share	$ (0.52)	$ (0.42)	$ (1.34)	$ (0.92)
Maintenance and service
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 3,568	$ 2,621	$ 9,924	$ 7,448
Selling, general and administrative
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	32,907	27,077	89,006	67,117
Research and development
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 21,586	$ 17,272	$ 59,603	$ 47,554

Geographic Information - Revenu

Geographic Information - Revenue by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 458,795	$ 472,511	$ 1,464,841	$ 1,371,438
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	204,824	201,263	661,953	586,063
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	40,956	38,586	141,770	133,562
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	37,901	48,115	117,240	111,888
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	19,548	28,265	91,128	83,924
South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	27,928	49,581	75,868	104,950
Other Europe, Middle East and Africa (EMEA)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	83,719	72,058	251,696	236,250
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 43,919	$ 34,643	$ 125,186	$ 114,801

Geographic Information - Proper

Geographic Information - Property and Equipment by Geographic Area (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 75,431	$ 80,838
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	55,589	58,258
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	5,244	5,978
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	10,063	11,043
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 4,535	$ 5,559

Contingencies and Commitments (

Contingencies and Commitments (Detail) $ in Millions	Sep. 30, 2023 USD ($)
India Service Tax Audit
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 7.1