ANSYS (ANSS) 10-Q 1 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 26, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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	2024
Document Fiscal Period Focus	Q1
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		87,299,981
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	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,050,509	$ 860,201
Short-term investments	20,100	189
Accounts receivable, less allowance for doubtful accounts of $20,700	650,044	864,526
Other receivables and current assets	260,518	324,651
Total current assets	1,981,171	2,049,567
Long-term assets:
Property and equipment, net	80,930	77,780
Operating lease right-of-use assets	111,069	116,980
Goodwill	3,797,859	3,805,874
Other intangible assets, net	806,375	835,417
Other long-term assets	210,165	273,030
Deferred income taxes	162,845	164,227
Total long-term assets	5,169,243	5,273,308
Total assets	7,150,414	7,322,875
Current liabilities:
Accounts payable	27,899	22,772
Accrued bonuses and commissions	41,901	170,909
Accrued income taxes	15,885	22,454
Other accrued expenses and liabilities	187,722	215,645
Deferred revenue	433,167	457,514
Total current liabilities	706,574	889,294
Long-term liabilities:
Deferred income taxes	73,092	75,301
Long-term operating lease liabilities	95,320	100,505
Long-term debt	753,970	753,891
Other long-term liabilities	111,815	113,520
Total long-term liabilities	1,034,197	1,043,217
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	1,641,813	1,670,450
Retained earnings	5,318,120	5,283,342
Treasury stock, at cost: 7,971,231 and 8,361,447 shares, respectively	(1,438,948)	(1,474,110)
Accumulated other comprehensive loss	(112,295)	(90,271)
Total stockholders' equity	5,409,643	5,390,364
Total liabilities and stockholders' equity	$ 7,150,414	$ 7,322,875

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 20,700	$ 20,700
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	7,971,231	8,361,447

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 466,605	$ 509,447
Cost of sales:
Amortization	22,484	19,618
Total cost of sales	68,667	67,652
Gross profit	397,938	441,795
Operating expenses:
Selling, general and administrative	219,643	188,584
Research and development	128,811	120,335
Amortization	6,145	5,181
Total operating expenses	354,599	314,100
Operating income	43,339	127,695
Interest income	10,995	4,078
Interest expense	(12,369)	(10,758)
Other expense, net	(1,007)	(177)
Income before income tax provision	40,958	120,838
Income tax provision	6,180	20,216
Net income	$ 34,778	$ 100,622
Earnings per share – basic:
Earnings per share	$ 0.40	$ 1.16
Weighted average shares	87,067	86,930
Earnings per share – diluted:
Earnings per share	$ 0.40	$ 1.15
Weighted average shares	87,780	87,431
Software licenses
Revenue:
Total revenue	$ 160,321	$ 219,152
Cost of sales:
Cost of sales:	10,044	11,744
Maintenance and service
Revenue:
Total revenue	306,284	290,295
Cost of sales:
Cost of sales:	$ 36,139	$ 36,290

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 34,778	$ 100,622
Other comprehensive (loss) income:
Foreign currency translation adjustments	(21,947)	13,284
Net unrealized losses on available-for-sale securities, net of tax of $0	(77)	0
Comprehensive income	$ 12,754	$ 113,906

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Other Comprehensive Income (Loss), Tax, Parenthetical Disclosure [Abstract]
Tax on net unrealized loss of available-for-sale securities	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 34,778	$ 100,622
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	35,536	32,124
Operating lease right-of-use assets expense	5,664	5,381
Deferred income tax benefit	(2,340)	(2,915)
Provision for bad debts	412	(118)
Stock-based compensation expense	58,664	44,171
Other	402	307
Changes in operating assets and liabilities:
Accounts receivable	264,474	185,385
Other receivables and current assets	60,593	68,991
Other long-term assets	(671)	(5,798)
Accounts payable, accrued expenses and current liabilities	(147,636)	(135,365)
Accrued income taxes	(6,280)	1,481
Deferred revenue	(17,714)	(25,879)
Other long-term liabilities	(3,065)	(7,621)
Net cash provided by operating activities	282,817	260,766
Cash flows from investing activities:
Acquisitions, net of cash acquired	0	(120,584)
Capital expenditures	(10,543)	(6,892)
Purchases of short-term investments	(19,940)	(56)
Other investing activities	(3,953)	(858)
Net cash used in investing activities	(34,436)	(128,390)
Cash flows from financing activities:
Purchase of treasury stock	0	(196,494)
Restricted stock withholding taxes paid in lieu of issued shares	(65,089)	(52,916)
Proceeds from shares issued for stock-based compensation	10,446	8,582
Net cash used in financing activities	(54,643)	(240,828)
Effect of exchange rate fluctuations on cash and cash equivalents	(3,430)	1,750
Net increase (decrease) in cash and cash equivalents	190,308	(106,702)
Cash and cash equivalents, beginning of period	860,201	614,391
Cash and cash equivalents, end of period	1,050,509	507,689
Supplemental disclosure of cash flow information:
Income taxes paid	16,721	7,650
Interest paid	11,939	10,606
Non-cash consideration in connection with acquisitions	$ 1,640	$ 5,056

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock, Common
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					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, 2023	5,390,364	$ 953	1,670,450	5,283,342	(90,271)	$ (1,474,110)
Beginning balance, shares at Dec. 31, 2023		95,267				8,361
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Acquisition activity of previously acquired businesses	2,537		1,818			$ 719
Acquisition activity of previously acquired businesses, treasury shares						(8)
Stock-based compensation activity	3,988		(30,455)			$ 34,443
Stock-based compensation activity, shares						(382)
Other comprehensive (loss) income	(22,024)				(22,024)
Net income	34,778			34,778
Ending balance at Mar. 31, 2024	$ 5,409,643	$ 953	$ 1,641,813	$ 5,318,120	$ (112,295)	$ (1,438,948)
Ending balance, shares at Mar. 31, 2024		95,267				7,971

Organization

Organization	3 Months Ended
	Mar. 31, 2024
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. Pending Acquisition

Accounting Policies

Accounting Policies	3 Months Ended
	Mar. 31, 2024
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, 2023 (2023 Form 10-K). The condensed consolidated December 31, 2023 balance sheet presented is derived from the audited December 31, 2023 balance sheet included in the 2023 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 months ended March 31, 2024 are not necessarily indicative of the results that may be expected for any future period. Accounting Guidance Issued and Not Yet Adopted Segment reporting: In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). ASU 2023-07 requires enhanced disclosures related to segment information, including for entities with one reportable segment. It does not change the determination of reportable segments. The enhanced disclosures in accordance with the new guidance are required to be reported in the annual period beginning after December 15, 2023. Early adoption is permitted. The standard only impacts footnote disclosures. Income tax disclosures: In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). ASU 2023-09 requires disclosure of greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The standard is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The standard only impacts footnote disclosures. Cash, Cash Equivalents and Short-Term Investments 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 money market fund balances are held in various funds of a single issuer at March 31, 2024. Short-term investments consist of available-for-sale debt securities with remaining maturities greater than three months at the date of purchase and time deposits. Investments in debt securities with remaining maturities greater than three months at the date of purchase are designated as short-term available-for-sale securities, as we may convert these investments into cash at any time, including to fund general operations. We invest in debt securities that have an effective maturity term of less than three years. The debt securities are carried at fair value, with unrealized gains and losses included in the condensed consolidated balance sheets as a component of accumulated other comprehensive (loss) income. For available-for-sale debt securities in an unrealized loss position, we evaluate whether a current expected credit loss exists based on available information relevant to the credit rating of the security, current economic conditions and reasonable and supportable forecasts. The allowance for any credit loss will be recorded in other expense, net, on the condensed consolidated statements of income, not to exceed the amount of the unrealized loss. Any excess unrealized loss other than the credit loss is generally recognized in accumulated other comprehensive loss. The cost of securities sold is based on the specific identification method and realized gains and losses are included in other expense, net. To date, we have not recorded any credit loss or realized gains or losses.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2024
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 (in thousands, except percentages) March 31, March 31, Revenue: Subscription lease licenses $ 94,800 $ 147,922 Perpetual licenses 65,521 71,230 Software licenses 160,321 219,152 Maintenance 289,340 268,593 Service 16,944 21,702 Maintenance and service 306,284 290,295 Total revenue $ 466,605 $ 509,447 Direct revenue, as a percentage of total revenue 66.5 % 76.3 % Indirect revenue, as a percentage of total revenue 33.5 % 23.7 % 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 three months ended March 31, 2024 and 2023 were as follows: (in thousands) 2024 2023 Beginning balance – January 1 $ 479,754 $ 435,758 Acquired deferred revenue — 6,555 Deferral of revenue 448,381 483,502 Recognition of revenue (466,605) (509,447) Currency translation (6,929) 701 Ending balance – March 31 $ 454,601 $ 417,069 Total revenue allocated to remaining performance obligations as of March 31, 2024 will be recognized as revenue as follows: (in thousands) Next 12 months $ 866,273 Months 13-24 333,293 Months 25-36 125,623 Thereafter 44,264 Total revenue allocated to remaining performance obligations $ 1,369,453 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 deferred revenue associated with installment billings for periods beyond the current quarterly billing cycle and committed contracts with start dates beyond the end of the current period. Revenue recognized during the three months ended March 31, 2024 and 2023 included amounts in deferred revenue and backlog at the beginning of the period of $292.8 million and $317.6 million, respectively.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2024
Business Combinations [Abstract]
Acquisitions	Acquisitions During the three months ended March 31, 2024, we incurred acquisition-related expenses of $14.3 million, primarily consisting of costs related to the Merger Agreement with Synopsys. Acquisition-related expenses are recognized as selling, general and administrative and research and development expenses on the condensed consolidated statements of income. On December 5, 2023, we entered into an agreement to make a strategic equity investment. The investment is subject to regulatory approvals and customary closing conditions and is expected to close in 2024 for a purchase price of $300.0 million. 2023 Acquisitions On January 3, 2023, we completed the acquisition of DYNAmore for a purchase price of $140.8 million, or $128.0 million net of cash acquired. The acquisition expanded 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. Additionally, during the year ended December 31, 2023, we completed other acquisitions to expand our solution offerings and enhance our customers' experience. These acquisitions were not significant, individually or in the aggregate. The combined purchase price of these acquisitions during the year ended December 31, 2023 was approximately $94.4 million, or $88.3 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	3 Months Ended
	Mar. 31, 2024
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) March 31, December 31, Receivables related to unrecognized revenue $ 149,487 $ 253,646 Income taxes receivable, including overpayments and refunds 36,778 22,104 Prepaid expenses and other current assets 74,253 48,901 Total other receivables and current assets $ 260,518 $ 324,651 Accrued vacation 42,546 42,435 Payroll-related accruals 39,142 25,012 Accrued expenses and other current liabilities 106,034 148,198 Total other accrued expenses and liabilities $ 187,722 $ 215,645 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	3 Months Ended
	Mar. 31, 2024
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 (in thousands, except per share data) March 31, March 31, Net income $ 34,778 $ 100,622 Weighted average shares outstanding – basic 87,067 86,930 Dilutive effect of stock plans 713 501 Weighted average shares outstanding – diluted 87,780 87,431 Basic earnings per share $ 0.40 $ 1.16 Diluted earnings per share $ 0.40 $ 1.15 Anti-dilutive shares 53 650

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Intangible assets are classified as follows: March 31, 2024 December 31, 2023 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,147,238 $ (576,985) $ 1,146,022 $ (557,359) Customer lists 286,269 (94,724) 289,874 (89,800) Trade names 189,767 (145,547) 190,203 (143,880) Total $ 1,623,274 $ (817,256) $ 1,626,099 $ (791,039) 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 March 31, 2024, estimated future amortization expense for the intangible assets reflected above was as follows: (in thousands) Remainder of 2024 $ 83,630 2025 115,308 2026 116,148 2027 119,371 2028 112,994 2029 99,177 Thereafter 159,390 Total intangible assets subject to amortization 806,018 Indefinite-lived trade name 357 Other intangible assets, net $ 806,375 The changes in goodwill during the three months ended March 31, 2024 and 2023 were as follows: (in thousands) 2024 2023 Beginning balance – January 1 $ 3,805,874 $ 3,658,267 Acquisitions and adjustments (1) 2,872 69,227 Currency translation (10,887) 9,701 Ending balance – March 31 $ 3,797,859 $ 3,737,195 (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 2024, 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, 2024. No events or circumstances changed during the three months ended March 31, 2024 that would indicate that the fair values of our reporting unit and indefinite-lived intangible asset are below their carrying amounts.

Cash Equivalents and Short-Term

Cash Equivalents and Short-Term Investments	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Cash Equivalents and Short-Term Investments	Cash Equivalents and Short-Term Investments During the three months ended March 31, 2024, we invested in available-for-sale debt securities, which are included in short-term investments in the condensed consolidated balance sheets. As of March 31, 2024, our cash equivalents and short-term investments were as follows: (in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Less Than 12 Continuous Months Estimated Fair Value (1) Cash equivalents: Money market funds $ 294,440 $ — $ — $ 294,440 Total cash equivalents 294,440 — — 294,440 Short-term investments: Corporate debt securities 15,046 1 (59) 14,988 Municipal bonds 4,943 — (19) 4,924 Other short-term investments 188 — — 188 Total short-term investments 20,177 1 (78) 20,100 Total cash equivalents and short-term investments $ 314,617 $ 1 $ (78) $ 314,540 (1) See Note 9, "Fair Value Measurements" for further discussion on fair values. Of the $15.0 million corporate debt securities, $13.8 million are in a loss position at March 31, 2024. Of the $4.9 million municipal bonds, $4.5 million are in a loss position at March 31, 2024. The unrealized losses presented above are primarily attributable to changes in interest rates. We believe that we have the ability to realize the full value of all of these investments upon maturity. The following table outlines maturities of our available-for-sale debt securities as of March 31, 2024: (in thousands) Amortized Cost Fair Value Less than 1 year $ 4,232 $ 4,226 1-3 years 15,757 15,686 Total $ 19,989 $ 19,912

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2024
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 11, "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) March 31, Quoted Prices in Significant Other Significant Assets Cash equivalents: Money market funds $ 294,440 $ 294,440 $ — $ — Short-term investments: Corporate debt securities $ 14,988 $ — $ 14,988 $ — Municipal bonds $ 4,924 $ — $ 4,924 $ — Other short-term investments $ 188 $ — $ 188 $ — Deferred compensation plan investments $ 2,370 $ 2,370 $ — $ — Equity securities $ 591 $ 591 $ — $ — Fair Value Measurements at Reporting Date Using: (in thousands) December 31, 2023 Quoted Prices in Significant Other Significant Assets (Liabilities) Cash equivalents: Money market funds $ 170,821 $ 170,821 $ — $ — Short-term investments: Other short-term investments $ 189 $ — $ 189 $ — Deferred compensation plan investments $ 2,337 $ 2,337 $ — $ — Equity securities $ 634 $ 634 $ — $ — Forward contracts $ (412) $ — $ (412) $ — 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 available-for-sale debt securities and time deposits. 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. The forward contracts represent currency hedges to mitigate exchange rate exposure. These contracts are classified within Level 2 because these contracts are not actively traded and the valuation inputs are based on quoted prices and market observable data of similar instruments. The liabilities associated with the forward contracts are recorded at fair value in other accrued expenses and liabilities in our condensed consolidated balance sheets.

Leases

Leases	3 Months Ended
	Mar. 31, 2024
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 (in thousands) March 31, March 31, Lease liability cost $ 7,328 $ 7,041 Variable lease cost not included in the lease liability (1) 1,383 1,183 Total lease cost $ 8,711 $ 8,224 (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 (in thousands) March 31, March 31, Cash paid for amounts included in the measurement of the lease liability: Operating cash flows from operating leases $ (7,213) $ (6,779) Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,389 $ 4,414 As of March 31, 2024 2023 Weighted-average remaining lease term of operating leases 6.2 years 6.7 years Weighted-average discount rate of operating leases 3.4 % 3.2 % The maturity schedule of the operating lease liabilities as of March 31, 2024 is as follows: (in thousands) Remainder of 2024 $ 20,216 2025 23,107 2026 20,629 2027 18,789 2028 17,132 Thereafter 30,774 Total future lease payments 130,647 Less: Present value adjustment (12,791) Present value of future lease payments (1) $ 117,856 (1) Includes the current portion of operating lease liabilities of $22.5 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 March 31, 2024.

Debt

Debt	3 Months Ended
	Mar. 31, 2024
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 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 months ended March 31, 2024 and March 31, 2023 was 6.32% and 5.56%, respectively. The rate in effect as of March 31, 2024 and for the second quarter of 2024 under the 2022 Credit Agreement is 6.23%. 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 March 31, 2024, we had $755.0 million of borrowings outstanding under the term loan, with a carrying value of $754.0 million, which is net of $1.0 million of unamortized debt discounts and issuance costs. The total amount was included in long-term debt. As of March 31, 2024, no borrowings were outstanding under the revolving loan facility. As of December 31, 2023, we had $755.0 million of borrowings outstanding under the term loan, with a carrying value of $753.9 million, which is net of $1.1 million of unamortized debt discounts and issuance costs. The total amount was included in long-term debt. As of December 31, 2023, no borrowings were outstanding under the revolving loan facility. We were in compliance with all covenants under the 2022 Credit Agreement as of March 31, 2024 and December 31, 2023.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
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 (in thousands, except percentages) March 31, March 31, Income before income tax provision $ 40,958 $ 120,838 Income tax provision $ 6,180 $ 20,216 Effective tax rate 15.1 % 16.7 %

Stock Repurchase Program

Stock Repurchase Program	3 Months Ended
	Mar. 31, 2024
Class of Stock Disclosures [Abstract]
Stock Repurchase Program	Stock Repurchase Program There were no share repurchases in the first quarter of 2024. For the three months ended March 31, 2023, 650 thousand shares were repurchased at an average price of $302.34 per share, with a total cost of $196.5 million. As of March 31, 2024, 1.1 million shares remained available for repurchase under the program.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
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 (in thousands, except per share data) March 31, March 31, Cost of sales: Maintenance and service $ 3,343 $ 2,878 Operating expenses: Selling, general and administrative 34,208 23,905 Research and development 21,113 17,388 Stock-based compensation expense before taxes 58,664 44,171 Related income tax benefits (23,243) (18,186) Stock-based compensation expense, net of taxes $ 35,421 $ 25,985 Net impact on earnings per share: Basic earnings per share $ (0.41) $ (0.30) Diluted earnings per share $ (0.40) $ (0.30)

Geographic Information

Geographic Information	3 Months Ended
	Mar. 31, 2024
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 (in thousands) March 31, March 31, United States $ 199,948 $ 246,707 China and Hong Kong 44,934 39,436 Japan 36,532 38,086 Germany 36,198 38,674 South Korea 24,370 21,864 Other Europe, Middle East and Africa (EMEA) 82,417 82,404 Other international 42,206 42,276 Total revenue $ 466,605 $ 509,447 Property and equipment by geographic area is as follows: (in thousands) March 31, December 31, United States $ 59,674 $ 56,421 France 5,301 4,771 India 4,897 5,057 Other EMEA 6,706 6,924 Other international 4,352 4,607 Total property and equipment, net $ 80,930 $ 77,780

Contingencies and Commitments

Contingencies and Commitments	3 Months Ended
	Mar. 31, 2024
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 $7.2 million. As such charges are not probable at this time, a reserve has not been recorded on the condensed consolidated balance sheet as of March 31, 2024. 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 of India 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 $7.2 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
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 34,778	$ 100,622

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Accounting Guidance Issued and Not Yet Adopted	Accounting Guidance Issued and Not Yet Adopted Segment reporting: In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). ASU 2023-07 requires enhanced disclosures related to segment information, including for entities with one reportable segment. It does not change the determination of reportable segments. The enhanced disclosures in accordance with the new guidance are required to be reported in the annual period beginning after December 15, 2023. Early adoption is permitted. The standard only impacts footnote disclosures. Income tax disclosures: In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). ASU 2023-09 requires disclosure of greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The standard is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The standard only impacts footnote disclosures.
Cash, Cash Equivalents and Short-Term Investments	Cash, Cash Equivalents and Short-Term Investments 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 money market fund balances are held in various funds of a single issuer at March 31, 2024. Short-term investments consist of available-for-sale debt securities with remaining maturities greater than three months at the date of purchase and time deposits. Investments in debt securities with remaining maturities greater than three months at the date of purchase are designated as short-term available-for-sale securities, as we may convert these investments into cash at any time, including to fund general operations. We invest in debt securities that have an effective maturity term of less than three years. The debt securities are carried at fair value, with unrealized gains and losses included in the condensed consolidated balance sheets as a component of accumulated other comprehensive (loss) income. For available-for-sale debt securities in an unrealized loss position, we evaluate whether a current expected credit loss exists based on available information relevant to the credit rating of the security, current economic conditions and reasonable and supportable forecasts. The allowance for any credit loss will be recorded in other expense, net, on the condensed consolidated statements of income, not to exceed the amount of the unrealized loss. Any excess unrealized loss other than the credit loss is generally recognized in accumulated other comprehensive loss. The cost of securities sold is based on the specific identification method and realized gains and losses are included in other expense, net. To date, we have not recorded any credit loss or realized gains or losses.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes revenue: Three Months Ended (in thousands, except percentages) March 31, March 31, Revenue: Subscription lease licenses $ 94,800 $ 147,922 Perpetual licenses 65,521 71,230 Software licenses 160,321 219,152 Maintenance 289,340 268,593 Service 16,944 21,702 Maintenance and service 306,284 290,295 Total revenue $ 466,605 $ 509,447 Direct revenue, as a percentage of total revenue 66.5 % 76.3 % Indirect revenue, as a percentage of total revenue 33.5 % 23.7 %
Changes in Deferred Revenue	The changes in deferred revenue, inclusive of both current and long-term deferred revenue, during the three months ended March 31, 2024 and 2023 were as follows: (in thousands) 2024 2023 Beginning balance – January 1 $ 479,754 $ 435,758 Acquired deferred revenue — 6,555 Deferral of revenue 448,381 483,502 Recognition of revenue (466,605) (509,447) Currency translation (6,929) 701 Ending balance – March 31 $ 454,601 $ 417,069
Remaining Performance Obligations, Expected Timing of Satisfaction	Total revenue allocated to remaining performance obligations as of March 31, 2024 will be recognized as revenue as follows: (in thousands) Next 12 months $ 866,273 Months 13-24 333,293 Months 25-36 125,623 Thereafter 44,264 Total revenue allocated to remaining performance obligations $ 1,369,453

Other Receivables and Current_2

Other Receivables and Current Assets and Other Accrued Expenses and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
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) March 31, December 31, Receivables related to unrecognized revenue $ 149,487 $ 253,646 Income taxes receivable, including overpayments and refunds 36,778 22,104 Prepaid expenses and other current assets 74,253 48,901 Total other receivables and current assets $ 260,518 $ 324,651 Accrued vacation 42,546 42,435 Payroll-related accruals 39,142 25,012 Accrued expenses and other current liabilities 106,034 148,198 Total other accrued expenses and liabilities $ 187,722 $ 215,645

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Details of Basic and Diluted EPS	The details of basic and diluted EPS are as follows: Three Months Ended (in thousands, except per share data) March 31, March 31, Net income $ 34,778 $ 100,622 Weighted average shares outstanding – basic 87,067 86,930 Dilutive effect of stock plans 713 501 Weighted average shares outstanding – diluted 87,780 87,431 Basic earnings per share $ 0.40 $ 1.16 Diluted earnings per share $ 0.40 $ 1.15 Anti-dilutive shares 53 650

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets (Indefinite-Lived)	Intangible assets are classified as follows: March 31, 2024 December 31, 2023 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,147,238 $ (576,985) $ 1,146,022 $ (557,359) Customer lists 286,269 (94,724) 289,874 (89,800) Trade names 189,767 (145,547) 190,203 (143,880) Total $ 1,623,274 $ (817,256) $ 1,626,099 $ (791,039) Indefinite-lived intangible asset: Trade name $ 357 $ 357
Intangible Assets (Finite-Lived)	Intangible assets are classified as follows: March 31, 2024 December 31, 2023 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,147,238 $ (576,985) $ 1,146,022 $ (557,359) Customer lists 286,269 (94,724) 289,874 (89,800) Trade names 189,767 (145,547) 190,203 (143,880) Total $ 1,623,274 $ (817,256) $ 1,626,099 $ (791,039) Indefinite-lived intangible asset: Trade name $ 357 $ 357
Estimated Future Amortization Expense for Intangible Assets	As of March 31, 2024, estimated future amortization expense for the intangible assets reflected above was as follows: (in thousands) Remainder of 2024 $ 83,630 2025 115,308 2026 116,148 2027 119,371 2028 112,994 2029 99,177 Thereafter 159,390 Total intangible assets subject to amortization 806,018 Indefinite-lived trade name 357 Other intangible assets, net $ 806,375
Changes in Goodwill	The changes in goodwill during the three months ended March 31, 2024 and 2023 were as follows: (in thousands) 2024 2023 Beginning balance – January 1 $ 3,805,874 $ 3,658,267 Acquisitions and adjustments (1) 2,872 69,227 Currency translation (10,887) 9,701 Ending balance – March 31 $ 3,797,859 $ 3,737,195 (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.

Cash Equivalents and Short-Te_2

Cash Equivalents and Short-Term Investments (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Cash Equivalents and Short-Term Investments	As of March 31, 2024, our cash equivalents and short-term investments were as follows: (in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Less Than 12 Continuous Months Estimated Fair Value (1) Cash equivalents: Money market funds $ 294,440 $ — $ — $ 294,440 Total cash equivalents 294,440 — — 294,440 Short-term investments: Corporate debt securities 15,046 1 (59) 14,988 Municipal bonds 4,943 — (19) 4,924 Other short-term investments 188 — — 188 Total short-term investments 20,177 1 (78) 20,100 Total cash equivalents and short-term investments $ 314,617 $ 1 $ (78) $ 314,540 (1) See Note 9, "Fair Value Measurements" for further discussion on fair values.
Debt Securities, Available-for-Sale Maturities	The following table outlines maturities of our available-for-sale debt securities as of March 31, 2024: (in thousands) Amortized Cost Fair Value Less than 1 year $ 4,232 $ 4,226 1-3 years 15,757 15,686 Total $ 19,989 $ 19,912

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2024
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) March 31, Quoted Prices in Significant Other Significant Assets Cash equivalents: Money market funds $ 294,440 $ 294,440 $ — $ — Short-term investments: Corporate debt securities $ 14,988 $ — $ 14,988 $ — Municipal bonds $ 4,924 $ — $ 4,924 $ — Other short-term investments $ 188 $ — $ 188 $ — Deferred compensation plan investments $ 2,370 $ 2,370 $ — $ — Equity securities $ 591 $ 591 $ — $ — Fair Value Measurements at Reporting Date Using: (in thousands) December 31, 2023 Quoted Prices in Significant Other Significant Assets (Liabilities) Cash equivalents: Money market funds $ 170,821 $ 170,821 $ — $ — Short-term investments: Other short-term investments $ 189 $ — $ 189 $ — Deferred compensation plan investments $ 2,337 $ 2,337 $ — $ — Equity securities $ 634 $ 634 $ — $ — Forward contracts $ (412) $ — $ (412) $ —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
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 (in thousands) March 31, March 31, Lease liability cost $ 7,328 $ 7,041 Variable lease cost not included in the lease liability (1) 1,383 1,183 Total lease cost $ 8,711 $ 8,224 (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 (in thousands) March 31, March 31, Cash paid for amounts included in the measurement of the lease liability: Operating cash flows from operating leases $ (7,213) $ (6,779) Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,389 $ 4,414 As of March 31, 2024 2023 Weighted-average remaining lease term of operating leases 6.2 years 6.7 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 March 31, 2024 is as follows: (in thousands) Remainder of 2024 $ 20,216 2025 23,107 2026 20,629 2027 18,789 2028 17,132 Thereafter 30,774 Total future lease payments 130,647 Less: Present value adjustment (12,791) Present value of future lease payments (1) $ 117,856 (1) Includes the current portion of operating lease liabilities of $22.5 million, which is reflected in other accrued expenses and liabilities in the condensed consolidated balance sheets.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2024
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 (in thousands, except percentages) March 31, March 31, Income before income tax provision $ 40,958 $ 120,838 Income tax provision $ 6,180 $ 20,216 Effective tax rate 15.1 % 16.7 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
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 (in thousands, except per share data) March 31, March 31, Cost of sales: Maintenance and service $ 3,343 $ 2,878 Operating expenses: Selling, general and administrative 34,208 23,905 Research and development 21,113 17,388 Stock-based compensation expense before taxes 58,664 44,171 Related income tax benefits (23,243) (18,186) Stock-based compensation expense, net of taxes $ 35,421 $ 25,985 Net impact on earnings per share: Basic earnings per share $ (0.41) $ (0.30) Diluted earnings per share $ (0.40) $ (0.30)

Geographic Information (Tables)

Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segments, Geographical Areas [Abstract]
Revenue by Geographic Area	Revenue by geographic area is as follows: Three Months Ended (in thousands) March 31, March 31, United States $ 199,948 $ 246,707 China and Hong Kong 44,934 39,436 Japan 36,532 38,086 Germany 36,198 38,674 South Korea 24,370 21,864 Other Europe, Middle East and Africa (EMEA) 82,417 82,404 Other international 42,206 42,276 Total revenue $ 466,605 $ 509,447
Property and Equipment by Geographic Area	Property and equipment by geographic area is as follows: (in thousands) March 31, December 31, United States $ 59,674 $ 56,421 France 5,301 4,771 India 4,897 5,057 Other EMEA 6,706 6,924 Other international 4,352 4,607 Total property and equipment, net $ 80,930 $ 77,780

Organization (Detail)

Organization (Detail)	3 Months Ended
	Mar. 31, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1

Accounting Policies (Details)

Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2024
Money Market Funds | Money Market Fund Concentration Risk | Money Market Fund Benchmark
Concentration risk, percentage	100%

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Amount of revenue recognized from beginning deferred revenue and backlog	$ 292.8	$ 317.6

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 466,605	$ 509,447
Direct revenue, as a percentage of total revenue | Revenue Benchmark | Sales Channel Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	66.50%	76.30%
Indirect revenue, as a percentage of total revenue | Revenue Benchmark | Sales Channel Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	33.50%	23.70%
Subscription lease licenses
Disaggregation of Revenue [Line Items]
Total revenue	$ 94,800	$ 147,922
Perpetual licenses
Disaggregation of Revenue [Line Items]
Total revenue	65,521	71,230
Software licenses
Disaggregation of Revenue [Line Items]
Total revenue	160,321	219,152
Maintenance
Disaggregation of Revenue [Line Items]
Total revenue	289,340	268,593
Service
Disaggregation of Revenue [Line Items]
Total revenue	16,944	21,702
Maintenance and service
Disaggregation of Revenue [Line Items]
Total revenue	$ 306,284	$ 290,295

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Changes in Deferred Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 479,754	$ 435,758
Acquired deferred revenue	0	6,555
Deferral of revenue	448,381	483,502
Recognition of revenue	(466,605)	(509,447)
Currency translation	(6,929)	701
Ending balance	$ 454,601	$ 417,069

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Remaining Performance Obligations, Expected Timing of Satisfaction (Detail) $ in Thousands	Mar. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 1,369,453
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	1,369,453
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	866,273
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 866,273
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 333,293
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 333,293
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 125,623
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 125,623
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 44,264
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 44,264
Revenue, remaining performance obligation, expected timing of satisfaction, period

Acquisitions - Fair Value of Co

Acquisitions - Fair Value of Consideration (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Acquisition-related expenses	$ 14,300
Payment to acquire equity method investment	300,000
Payments to acquire businesses, net of cash acquired	$ 0	$ 120,584
DYNAmore
Total consideration			$ 140,800
Payments to acquire businesses, net of cash acquired			128,000
Series of Individually Immaterial Business Acquisitions
Total consideration			94,400
Payments to acquire businesses, net of cash acquired			$ 88,300

Other Receivables and Current_3

Other Receivables and Current Assets and Other Accrued Expenses and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities [Abstract]
Receivables related to unrecognized revenue	$ 149,487	$ 253,646
Income taxes receivable, including overpayments and refunds	36,778	22,104
Prepaid expenses and other current assets	74,253	48,901
Total other receivables and current assets	260,518	324,651
Accrued vacation	42,546	42,435
Payroll-related accruals	39,142	25,012
Accrued expenses and other current liabilities	106,034	148,198
Total other accrued expenses and liabilities	$ 187,722	$ 215,645

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
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income	$ 34,778	$ 100,622
Weighted average shares outstanding – basic	87,067	86,930
Dilutive effect of stock plans	713	501
Weighted average shares outstanding – diluted	87,780	87,431
Basic earnings per share	$ 0.40	$ 1.16
Diluted earnings per share	$ 0.40	$ 1.15
Anti-dilutive shares	53	650

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail)	Mar. 31, 2024
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	Mar. 31, 2024	Dec. 31, 2023
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	$ 1,623,274	$ 1,626,099
Amortized intangible assets, accumulated amortization	(817,256)	(791,039)
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	1,147,238	1,146,022
Amortized intangible assets, accumulated amortization	(576,985)	(557,359)
Customer lists
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	286,269	289,874
Amortized intangible assets, accumulated amortization	(94,724)	(89,800)
Trade names
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	189,767	190,203
Amortized intangible assets, accumulated amortization	$ (145,547)	$ (143,880)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Future Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 83,630
2025	115,308
2026	116,148
2027	119,371
2028	112,994
2029	99,177
Thereafter	159,390
Total intangible assets subject to amortization	806,018
Indefinite-lived trade name	357
Other intangible assets, net	$ 806,375	$ 835,417

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill [Roll Forward]
Beginning balance	$ 3,805,874	$ 3,658,267
Acquisitions and adjustments	2,872	69,227
Currency translation	(10,887)	9,701
Ending balance	$ 3,797,859	$ 3,737,195

Cash Equivalents and Short-Te_3

Cash Equivalents and Short-Term Investments (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Corporate Debt Securities
Fair Value	$ 14,988
Debt Securities, Available-for-Sale, Unrealized Loss Position	13,800
Municipal Bonds
Fair Value	4,924
Debt Securities, Available-for-Sale, Unrealized Loss Position	$ 4,500

Schedule of Cash Equivalents an

Schedule of Cash Equivalents and Short-Term Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Money Market Funds
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	$ 294,440
Estimated Fair Value	294,440
Gross Unrealized Gains	0
Gross Unrealized Losses Less Than 12 Continuous Months	0
Cash Equivalents
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	294,440
Estimated Fair Value	294,440
Gross Unrealized Gains	0
Gross Unrealized Losses Less Than 12 Continuous Months	0
Corporate Debt Securities
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	15,046
Gross Unrealized Gains	1
Gross Unrealized Losses Less Than 12 Continuous Months	(59)
Fair Value	14,988
Municipal Bonds
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	4,943
Gross Unrealized Gains	0
Gross Unrealized Losses Less Than 12 Continuous Months	(19)
Fair Value	4,924
Other Short-Term Investments
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	188
Gross Unrealized Gains	0
Gross Unrealized Losses Less Than 12 Continuous Months	0
Fair Value	188	$ 189
Short-Term Investments
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	20,177
Estimated Fair Value	20,100
Gross Unrealized Gains	1
Gross Unrealized Losses Less Than 12 Continuous Months	(78)
Cash Equivalents and Short-Term Investments
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	314,617
Estimated Fair Value	314,540
Gross Unrealized Gains	1
Gross Unrealized Losses Less Than 12 Continuous Months	$ (78)

Debt Securities, Available-for-

Debt Securities, Available-for-Sale Maturities (Details) - Available-for-Sale Securities $ in Thousands	Mar. 31, 2024 USD ($)
Debt Securities, Available-for-Sale Maturities
Amortized Cost, Less Than 1 Year	$ 4,232
Fair Value, Less Than 1 Year	4,226
Amortized Cost, 1-3 Years	15,757
Fair Value, 1-3 Years	15,686
Amortized Cost	19,989
Estimated Fair Value	$ 19,912

Fair Value Measurement - Fair V

Fair Value Measurement - Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 294,440	$ 170,821
Deferred compensation plan investments	2,370	2,337
Equity securities	591	634
Forward contracts		(412)
Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	14,988
Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	4,924
Other Short-Term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	188	189
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	294,440	170,821
Deferred compensation plan investments	2,370	2,337
Equity securities	591	634
Forward contracts		0
Quoted Prices in Active Markets (Level 1) | Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0
Quoted Prices in Active Markets (Level 1) | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0
Quoted Prices in Active Markets (Level 1) | Other Short-Term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Deferred compensation plan investments	0	0
Equity securities	0	0
Forward contracts		(412)
Significant Other Observable Inputs (Level 2) | Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	14,988
Significant Other Observable Inputs (Level 2) | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	4,924
Significant Other Observable Inputs (Level 2) | Other Short-Term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	188	189
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Deferred compensation plan investments	0	0
Equity securities	0	0
Forward contracts		0
Significant Unobservable Inputs (Level 3) | Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0
Significant Unobservable Inputs (Level 3) | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0
Significant Unobservable Inputs (Level 3) | Other Short-Term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	$ 0	$ 0

Leases - Additional Information

Leases - Additional Information (Detail) - Canonsburg Office, New Company Headquarters $ in Millions	Mar. 31, 2024 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
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Lease liability cost	$ 7,328	$ 7,041
Variable lease cost not included in the lease liability	1,383	1,183
Total lease cost	$ 8,711	$ 8,224

Leases - Lessee, Operating Leas

Leases - Lessee, Operating Lease Other Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating cash flows from operating leases	$ (7,213)	$ (6,779)
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,389	$ 4,414
Weighted-average remaining lease term of operating leases	6 years 2 months 12 days	6 years 8 months 12 days
Weighted-average discount rate of operating leases	3.40%	3.20%

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Operating Lease Liabilities (Detail) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 20,216
2025	23,107
2026	20,629
2027	18,789
2028	17,132
Thereafter	30,774
Total future lease payments	130,647
Less: Present value adjustment	(12,791)
Present value of future lease payments	117,856
Current portion of operating lease liabilities	$ 22,500

Debt (Detail)

Debt (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Debt Disclosure [Line Items]
Long-term debt, gross value	$ 755,000,000		$ 755,000,000
Sustainability Rate Adjustment	0.05%
Weighted-average interest rate over time	6.32%	5.56%
Weighted-average interest rate at point in time	6.23%
Consolidated net leverage ratio	3.50
Consolidated net leverage ratio increased	4
Qualified acquisition amount	$ 250,000,000
Unsecured long-term debt, noncurrent	754,000,000		753,900,000
Unamortized debt discount and issuance costs	1,000,000		1,100,000
Revolving credit facility
Debt Disclosure [Line Items]
Line of credit, maximum borrowing capacity	500,000,000
Foreign currency borrowings sublimit	150,000,000
Outstanding borrowings under the credit agreement	0		$ 0
Letters of credit
Debt Disclosure [Line Items]
Line of credit, maximum borrowing capacity	$ 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
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income before income tax provision	$ 40,958	$ 120,838
Income tax provision	$ 6,180	$ 20,216
Effective tax rate	15.10%	16.70%

Stock Repurchase Program (Detai

Stock Repurchase Program (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Class of Stock Disclosures [Abstract]
Treasury shares acquired, shares		650
Shares acquired, average cost per share		$ 302.34
Total cost	$ 0	$ 196,494

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) shares in Millions	Mar. 31, 2024 shares
Class of Stock Disclosures [Abstract]
Stock repurchase program, remaining number of shares authorized to be repurchased	1.1

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
	Mar. 31, 2024	Mar. 31, 2023
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 58,664	$ 44,171
Related income tax benefits	(23,243)	(18,186)
Stock-based compensation expense, net of taxes	$ 35,421	$ 25,985
Basic earnings per share	$ (0.41)	$ (0.30)
Diluted earnings per share	$ (0.40)	$ (0.30)
Maintenance and service
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 3,343	$ 2,878
Selling, general and administrative
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	34,208	23,905
Research and development
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 21,113	$ 17,388

Geographic Information - Revenu

Geographic Information - Revenue by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 466,605	$ 509,447
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	199,948	246,707
China and Hong Kong
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	44,934	39,436
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	36,532	38,086
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	36,198	38,674
South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	24,370	21,864
Other Europe, Middle East and Africa (EMEA)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	82,417	82,404
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 42,206	$ 42,276

Geographic Information - Proper

Geographic Information - Property and Equipment by Geographic Area (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 80,930	$ 77,780
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	59,674	56,421
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	5,301	4,771
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	4,897	5,057
Other EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	6,706	6,924
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 4,352	$ 4,607

Contingencies and Commitments (

Contingencies and Commitments (Detail) $ in Millions	Mar. 31, 2024 USD ($)
India Service Tax Audit
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 7.2