ANSYS (ANSS) 10-Q 6 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	04-3219960
Entity Address, Address Line One	2600 ANSYS Drive,
Entity Address, City or Town	Canonsburg,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15317
City Area Code	844
Local Phone Number	462-6797
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		87,449,954
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, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,246,057	$ 860,201
Short-term investments	49,212	189
Accounts receivable, less allowance for doubtful accounts of $16,500 and $20,700, respectively	782,674	864,526
Other receivables and current assets	270,135	324,651
Total current assets	2,348,078	2,049,567
Long-term assets:
Property and equipment, net	87,134	77,780
Operating lease right-of-use assets	106,727	116,980
Goodwill	3,818,560	3,805,874
Other intangible assets, net	756,712	835,417
Other long-term assets	276,551	273,030
Deferred income taxes	214,311	164,227
Total long-term assets	5,259,995	5,273,308
Total assets	7,608,073	7,322,875
Current liabilities:
Accounts payable	16,394	22,772
Accrued bonuses and commissions	107,926	170,909
Accrued income taxes	26,781	22,454
Other accrued expenses and liabilities	176,201	215,645
Deferred revenue	427,188	457,514
Total current liabilities	754,490	889,294
Long-term liabilities:
Deferred income taxes	55,704	75,301
Long-term operating lease liabilities	88,830	100,505
Long-term debt	754,128	753,891
Other long-term liabilities	126,145	113,520
Total long-term liabilities	1,024,807	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	1,750,243	1,670,450
Retained earnings	5,576,346	5,283,342
Treasury stock, at cost: 7,843,557 and 8,361,447 shares, respectively	(1,427,128)	(1,474,110)
Accumulated other comprehensive loss	(71,638)	(90,271)
Total stockholders' equity	5,828,776	5,390,364
Total liabilities and stockholders' equity	$ 7,608,073	$ 7,322,875

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 16,500	$ 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	7,843,557	8,361,447

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Total revenue	$ 601,892	$ 458,795	$ 1,662,635	$ 1,464,841
Cost of sales:
Amortization	21,890	20,707	66,759	60,404
Total cost of sales	69,109	65,257	207,131	201,249
Gross profit	532,783	393,538	1,455,504	1,263,592
Operating expenses:
Selling, general and administrative	233,065	194,552	681,331	585,278
Research and development	132,320	123,223	393,755	368,581
Amortization	5,860	5,947	18,125	16,598
Total operating expenses	371,245	323,722	1,093,211	970,457
Operating income	161,538	69,816	362,293	293,135
Interest income	13,292	4,909	36,495	12,389
Interest expense	(12,318)	(12,276)	(36,925)	(34,594)
Other (expense) income, net	(1,257)	96	(3,118)	(3,564)
Income before income tax provision	161,255	62,545	358,745	267,366
Income tax provision	33,063	7,043	65,741	41,716
Net income	$ 128,192	$ 55,502	$ 293,004	$ 225,650
Earnings per share – basic:
Earnings per share	$ 1.47	$ 0.64	$ 3.36	$ 2.60
Weighted average shares	87,399	86,817	87,266	86,814
Earnings per share – diluted:
Earnings per share	$ 1.46	$ 0.64	$ 3.34	$ 2.58
Weighted average shares	87,885	87,381	87,814	87,335
Software licenses
Revenue:
Total revenue	$ 276,948	$ 162,422	$ 720,501	$ 586,471
Cost of sales:
Cost of sales:	11,067	8,692	32,420	29,095
Maintenance and service
Revenue:
Total revenue	324,944	296,373	942,134	878,370
Cost of sales:
Cost of sales:	$ 36,152	$ 35,858	$ 107,952	$ 111,750

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 128,192	$ 55,502	$ 293,004	$ 225,650
Other comprehensive income (loss):
Foreign currency translation adjustments	48,714	(32,834)	18,357	(11,547)
Unrealized gains on available-for-sale securities, net of tax	361	0	276	0
Comprehensive income	$ 177,267	$ 22,668	$ 311,637	$ 214,103

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 293,004	$ 225,650
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	107,328	99,016
Operating lease right-of-use assets expense	17,175	17,625
Deferred income tax benefit	(72,395)	(74,426)
Provision for bad debts	1,353	2,442
Stock-based compensation expense	197,884	158,533
Other	692	1,252
Changes in operating assets and liabilities:
Accounts receivable	66,649	168,958
Other receivables and current assets	52,907	61,203
Other long-term assets	6,629	(5,897)
Accounts payable, accrued expenses and current liabilities	(105,137)	(105,197)
Accrued income taxes	3,697	6,327
Deferred revenue	(30,379)	(65,242)
Other long-term liabilities	(1,640)	(5,844)
Net cash provided by operating activities	537,767	484,400
Cash flows from investing activities:
Acquisitions, net of cash acquired	(1,586)	(197,786)
Capital expenditures	(32,261)	(16,541)
Purchases of short-term investments	(48,745)	(117)
Other investing activities	(3,438)	(5,722)
Net cash used in investing activities	(86,030)	(220,166)
Cash flows from financing activities:
Purchase of treasury stock	0	(196,494)
Restricted stock withholding taxes paid in lieu of issued shares	(83,994)	(60,827)
Proceeds from shares issued for stock-based compensation	10,446	26,015
Other financing activities	(2,922)	(1,294)
Net cash used in financing activities	(76,470)	(232,600)
Effect of exchange rate fluctuations on cash and cash equivalents	10,589	(6,683)
Net increase in cash and cash equivalents	385,856	24,951
Cash and cash equivalents, beginning of period	860,201	614,391
Cash and cash equivalents, end of period	1,246,057	639,342
Supplemental disclosure of cash flow information:
Income taxes paid	113,709	100,135
Interest paid	36,410	33,795
Non-cash consideration in connection with acquisitions	$ 0	$ 5,056

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock, Common	Accumulated Other Comprehensive (Loss) Income
Beginning balance at Dec. 31, 2022	$ 4,865,851	$ 953	$ 1,540,317	$ 4,782,930	$ (1,335,627)	$ (122,722)
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, net of tax effects	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	$ (1,498,693)	(109,438)
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	$ (1,335,627)	(122,722)
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	$ (1,480,733)	(134,269)
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	$ (1,498,693)	(109,438)
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, net of tax effects	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	$ (1,488,337)	(101,435)
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, net of tax effects	(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	$ (1,480,733)	(134,269)
Ending balance, shares at Sep. 30, 2023		95,267			8,429
Beginning balance at Dec. 31, 2023	5,390,364	$ 953	1,670,450	5,283,342	$ (1,474,110)	(90,271)
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, net of tax effects	(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	$ (1,438,948)	(112,295)
Ending balance, shares at Mar. 31, 2024		95,267			7,971
Beginning balance at Dec. 31, 2023	5,390,364	$ 953	1,670,450	5,283,342	$ (1,474,110)	(90,271)
Beginning balance, shares at Dec. 31, 2023		95,267			8,361
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	293,004
Ending balance at Sep. 30, 2024	5,828,776	$ 953	1,750,243	5,576,346	$ (1,427,128)	(71,638)
Ending balance, shares at Sep. 30, 2024		95,267			7,844
Beginning balance at Mar. 31, 2024	5,409,643	$ 953	1,641,813	5,318,120	$ (1,438,948)	(112,295)
Beginning balance, shares at Mar. 31, 2024		95,267			7,971
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation activity	55,244		48,070		$ 7,174
Stock-based compensation activity, shares					(79)
Other comprehensive (loss) income, net of tax effects	(8,418)					(8,418)
Net income	130,034			130,034
Ending balance at Jun. 30, 2024	5,586,503	$ 953	1,689,883	5,448,154	$ (1,431,774)	(120,713)
Ending balance, shares at Jun. 30, 2024		95,267			7,892
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation activity	65,006		60,360		$ 4,646
Stock-based compensation activity, shares					(48)
Other comprehensive (loss) income, net of tax effects	49,075					49,075
Net income	128,192			128,192
Ending balance at Sep. 30, 2024	$ 5,828,776	$ 953	$ 1,750,243	$ 5,576,346	$ (1,427,128)	$ (71,638)
Ending balance, shares at Sep. 30, 2024		95,267			7,844

Organization

Organization	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 September 30, 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) income, 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) income, 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	9 Months Ended
	Sep. 30, 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 Nine Months Ended (in thousands, except percentages) September 30, September 30, September 30, September 30, Revenue: Subscription lease licenses $ 194,322 $ 103,573 $ 507,711 $ 386,494 Perpetual licenses 82,626 58,849 212,790 199,977 Software licenses 276,948 162,422 720,501 586,471 Maintenance 306,670 278,108 889,836 820,393 Service 18,274 18,265 52,298 57,977 Maintenance and service 324,944 296,373 942,134 878,370 Total revenue $ 601,892 $ 458,795 $ 1,662,635 $ 1,464,841 Direct revenue, as a percentage of total revenue 74.6 % 73.5 % 72.8 % 73.7 % Indirect revenue, as a percentage of total revenue 25.4 % 26.5 % 27.2 % 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, 2024 and 2023 were as follows: (in thousands) 2024 2023 Beginning balance – January 1 $ 479,754 $ 435,758 Acquired deferred revenue — 7,910 Deferral of revenue 1,634,160 1,399,367 Recognition of revenue (1,662,635) (1,464,841) Currency translation 59 (7,761) Ending balance – September 30 $ 451,338 $ 370,433 Total revenue allocated to remaining performance obligations as of September 30, 2024 will be recognized as revenue as follows: (in thousands) Next 12 months $ 902,792 Months 13-24 343,105 Months 25-36 146,030 Thereafter 71,870 Total revenue allocated to remaining performance obligations $ 1,463,797 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 nine months ended September 30, 2024 and 2023 included amounts in deferred revenue and backlog at the beginning of the period of $742.8 million and $706.2 million, respectively.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2024
Business Combinations [Abstract]
Acquisitions	Acquisitions During the three and nine months ended September 30, 2024, we incurred acquisition-related expenses of $13.2 million and $39.9 million, respectively, 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 in Humanetics in the amount of $300.0 million, subject to receipt of regulatory approvals among other customary closing conditions. As a result of our interactions with regulators, the parties mutually agreed to terminate the investment agreement in July 2024. 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	9 Months Ended
	Sep. 30, 2024
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities [Abstract]
Other Receivables and Current Assets	Other Receivables and Current Assets Our other receivables and current assets comprise the following balances: (in thousands) September 30, December 31, Receivables related to unrecognized revenue $ 176,725 $ 253,646 Income taxes receivable, including overpayments and refunds 29,034 22,104 Prepaid expenses and other current assets 64,376 48,901 Total other receivables and current assets $ 270,135 $ 324,651 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, 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 Nine Months Ended (in thousands, except per share data) September 30, September 30, September 30, September 30, Net income $ 128,192 $ 55,502 $ 293,004 $ 225,650 Weighted average shares outstanding – basic 87,399 86,817 87,266 86,814 Dilutive effect of stock plans 486 564 548 521 Weighted average shares outstanding – diluted 87,885 87,381 87,814 87,335 Basic earnings per share $ 1.47 $ 0.64 $ 3.36 $ 2.60 Diluted earnings per share $ 1.46 $ 0.64 $ 3.34 $ 2.58 Anti-dilutive shares — 73 18 257

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Intangible assets are classified as follows: September 30, 2024 December 31, 2023 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,151,665 $ (619,558) $ 1,146,022 $ (557,359) Customer lists 271,859 (88,541) 289,874 (89,800) Trade names 190,607 (149,677) 190,203 (143,880) Total $ 1,614,131 $ (857,776) $ 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 September 30, 2024, estimated future amortization expense for the intangible assets reflected above was as follows: (in thousands) Remainder of 2024 $ 27,689 2025 116,232 2026 117,102 2027 120,311 2028 113,810 2029 99,816 Thereafter 161,395 Total intangible assets subject to amortization 756,355 Indefinite-lived trade name 357 Other intangible assets, net $ 756,712 The changes in goodwill during the nine months ended September 30, 2024 and 2023 were as follows: (in thousands) 2024 2023 Beginning balance – January 1 $ 3,805,874 $ 3,658,267 Acquisitions and adjustments (1) 841 113,502 Currency translation 11,845 (2,448) Ending balance – September 30 $ 3,818,560 $ 3,769,321 (1) In accordance with the accounting for business combinations, we recorded adjustments to goodwill for the effect of changes in the provisional fair values of the assets acquired and liabilities assumed during the measurement period (up to one year from the acquisition date) as we obtained new information about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date.

Cash Equivalents and Short-Term

Cash Equivalents and Short-Term Investments	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Cash Equivalents and Short-Term Investments	Cash Equivalents and Short-Term Investments During the nine months ended September 30, 2024, we invested in available-for-sale debt securities, which are included in short-term investments in the condensed consolidated balance sheets. As of September 30, 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 $ 246,657 $ — $ — $ 246,657 Total cash equivalents 246,657 — — 246,657 Short-term investments: Corporate debt securities 26,855 244 — 27,099 Municipal bonds 16,746 117 (8) 16,855 U.S. agency bonds 5,062 17 (4) 5,075 Other short-term investments 183 — — 183 Total short-term investments 48,846 378 (12) 49,212 Total cash equivalents and short-term investments $ 295,503 $ 378 $ (12) $ 295,869 (1) See Note 9, "Fair Value Measurement" for further discussion on fair values. Of the $27.1 million corporate debt securities, $0.5 million are in a loss position at September 30, 2024. Of the $16.9 million municipal bonds, $4.5 million are in a loss position at September 30, 2024. Of the $5.1 million U.S. agency bonds, $2.0 million are in a loss position at September 30, 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 these investments upon maturity. The following table outlines maturities of our available-for-sale debt securities as of September 30, 2024: (in thousands) Amortized Cost Fair Value Less than 1 year $ 15,551 $ 15,599 1-3 years 33,112 33,430 Total $ 48,663 $ 49,029

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 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) September 30, Quoted Prices in Significant Other Significant Assets Cash equivalents: Money market funds $ 246,657 $ 246,657 $ — $ — Short-term investments: Corporate debt securities $ 27,099 $ — $ 27,099 $ — Municipal bonds $ 16,855 $ — $ 16,855 $ — U.S. agency bonds $ 5,075 $ — $ 5,075 $ — Other short-term investments $ 183 $ — $ 183 $ — Deferred compensation plan investments $ 2,434 $ 2,434 $ — $ — Equity securities $ 698 $ 698 $ — $ — 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	9 Months Ended
	Sep. 30, 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 an option to renew the contract through August 2044. 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 $ 7,016 $ 7,097 $ 21,472 $ 21,207 Variable lease cost not included in the lease liability (1) 1,454 1,523 4,096 4,134 Total lease cost $ 8,470 $ 8,620 $ 25,568 $ 25,341 (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 $ (7,208) $ (7,288) $ (21,362) $ (20,993) Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,771 $ 2,192 $ 8,184 $ 7,508 As of September 30, 2024 2023 Weighted-average remaining lease term of operating leases 5.7 years 6.5 years Weighted-average discount rate of operating leases 3.3 % 3.4 % The maturity schedule of the operating lease liabilities as of September 30, 2024 is as follows: (in thousands) Remainder of 2024 $ 7,295 2025 27,488 2026 23,101 2027 18,930 2028 17,493 Thereafter 30,222 Total future lease payments 124,529 Less: Present value adjustment (10,882) Present value of future lease payments (1) $ 113,647 (1) Includes the current portion of operating lease liabilities of $24.8 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, 2024.

Debt

Debt	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2024 was 6.25% and 6.27%, respectively, as compared to 6.22% and 5.89% for the three and nine months ended September 30, 2023, respectively. The rate in effect as of September 30, 2024 and for the fourth quarter of 2024 under the 2022 Credit Agreement is 5.53%. The 2022 Credit Agreement contains customary representations and warranties, affirmative and negative covenants and events of default. The 2022 Credit Agreement also contains a financial covenant requiring us and our subsidiaries to maintain a consolidated 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, 2024, we had $755.0 million of borrowings outstanding under the term loan, with a carrying value of $754.1 million, which is net of $0.9 million of unamortized debt discounts and issuance costs. The total amount was included in long-term debt. As of September 30, 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 September 30, 2024 and December 31, 2023.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 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 Nine Months Ended (in thousands, except percentages) September 30, September 30, September 30, September 30, Income before income tax provision $ 161,255 $ 62,545 $ 358,745 $ 267,366 Income tax provision $ 33,063 $ 7,043 $ 65,741 $ 41,716 Effective tax rate 20.5 % 11.3 % 18.3 % 15.6 % The increase in the effective tax rate for the three months ended September 30, 2024 compared to the three months ended September 30, 2023 was a result of an increase in U.S. federal tax expense on foreign earnings and an increase in non-deductible expenses related to business combinations.

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Sep. 30, 2024
Class of Stock Disclosures [Abstract]
Stock Repurchase Program	Stock Repurchase Program

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 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 Nine Months Ended (in thousands, except per share data) September 30, September 30, September 30, September 30, Cost of sales: Maintenance and service $ 3,653 $ 3,568 $ 10,678 $ 9,924 Operating expenses: Selling, general and administrative 44,074 32,907 117,043 89,006 Research and development 24,603 21,586 70,163 59,603 Stock-based compensation expense before taxes 72,330 58,061 197,884 158,533 Related income tax benefits (13,051) (12,993) (50,340) (41,848) Stock-based compensation expense, net of taxes $ 59,279 $ 45,068 $ 147,544 $ 116,685 Net impact on earnings per share: Basic earnings per share $ (0.68) $ (0.52) $ (1.69) $ (1.34) Diluted earnings per share $ (0.67) $ (0.52) $ (1.68) $ (1.34)

Geographic Information

Geographic Information	9 Months Ended
	Sep. 30, 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 Nine Months Ended (in thousands) September 30, September 30, September 30, September 30, United States $ 292,364 $ 204,824 $ 806,867 $ 661,953 Japan 46,737 40,956 132,253 141,770 Germany 38,717 37,901 111,187 117,240 China and Hong Kong 34,516 19,548 107,288 91,128 South Korea 29,193 27,928 80,210 75,868 Other Europe, Middle East and Africa (EMEA) 98,303 83,719 275,250 251,696 Other international 62,062 43,919 149,580 125,186 Total revenue $ 601,892 $ 458,795 $ 1,662,635 $ 1,464,841 Property and equipment by geographic area is as follows: (in thousands) September 30, December 31, United States $ 62,856 $ 56,421 India 6,077 5,057 France 5,553 4,771 Other EMEA 7,091 6,924 Other international 5,557 4,607 Total property and equipment, net $ 87,134 $ 77,780

Contingencies and Commitments

Contingencies and Commitments	9 Months Ended
	Sep. 30, 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 $7.3 million. As such charges are not probable at this time, an estimated liability has not been recorded on the condensed consolidated balance sheet as of September 30, 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 $7.3 million estimated liability. 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, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 128,192	$ 130,034	$ 34,778	$ 55,502	$ 69,526	$ 100,622	$ 293,004	$ 225,650

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
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, 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 September 30, 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) income, 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) income, 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)	9 Months Ended
	Sep. 30, 2024
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 $ 194,322 $ 103,573 $ 507,711 $ 386,494 Perpetual licenses 82,626 58,849 212,790 199,977 Software licenses 276,948 162,422 720,501 586,471 Maintenance 306,670 278,108 889,836 820,393 Service 18,274 18,265 52,298 57,977 Maintenance and service 324,944 296,373 942,134 878,370 Total revenue $ 601,892 $ 458,795 $ 1,662,635 $ 1,464,841 Direct revenue, as a percentage of total revenue 74.6 % 73.5 % 72.8 % 73.7 % Indirect revenue, as a percentage of total revenue 25.4 % 26.5 % 27.2 % 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, 2024 and 2023 were as follows: (in thousands) 2024 2023 Beginning balance – January 1 $ 479,754 $ 435,758 Acquired deferred revenue — 7,910 Deferral of revenue 1,634,160 1,399,367 Recognition of revenue (1,662,635) (1,464,841) Currency translation 59 (7,761) Ending balance – September 30 $ 451,338 $ 370,433
Remaining Performance Obligations, Expected Timing of Satisfaction	Total revenue allocated to remaining performance obligations as of September 30, 2024 will be recognized as revenue as follows: (in thousands) Next 12 months $ 902,792 Months 13-24 343,105 Months 25-36 146,030 Thereafter 71,870 Total revenue allocated to remaining performance obligations $ 1,463,797

Other Receivables and Current_2

Other Receivables and Current Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities [Abstract]
Schedule of Other Receivables and Current Assets	Our other receivables and current assets comprise the following balances: (in thousands) September 30, December 31, Receivables related to unrecognized revenue $ 176,725 $ 253,646 Income taxes receivable, including overpayments and refunds 29,034 22,104 Prepaid expenses and other current assets 64,376 48,901 Total other receivables and current assets $ 270,135 $ 324,651

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
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 $ 128,192 $ 55,502 $ 293,004 $ 225,650 Weighted average shares outstanding – basic 87,399 86,817 87,266 86,814 Dilutive effect of stock plans 486 564 548 521 Weighted average shares outstanding – diluted 87,885 87,381 87,814 87,335 Basic earnings per share $ 1.47 $ 0.64 $ 3.36 $ 2.60 Diluted earnings per share $ 1.46 $ 0.64 $ 3.34 $ 2.58 Anti-dilutive shares — 73 18 257

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets (Indefinite-Lived)	Intangible assets are classified as follows: September 30, 2024 December 31, 2023 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,151,665 $ (619,558) $ 1,146,022 $ (557,359) Customer lists 271,859 (88,541) 289,874 (89,800) Trade names 190,607 (149,677) 190,203 (143,880) Total $ 1,614,131 $ (857,776) $ 1,626,099 $ (791,039) Indefinite-lived intangible asset: Trade name $ 357 $ 357
Intangible Assets (Finite-Lived)	Intangible assets are classified as follows: September 30, 2024 December 31, 2023 (in thousands) Gross Accumulated Gross Accumulated Finite-lived intangible assets: Developed software and core technologies $ 1,151,665 $ (619,558) $ 1,146,022 $ (557,359) Customer lists 271,859 (88,541) 289,874 (89,800) Trade names 190,607 (149,677) 190,203 (143,880) Total $ 1,614,131 $ (857,776) $ 1,626,099 $ (791,039) Indefinite-lived intangible asset: Trade name $ 357 $ 357
Estimated Future Amortization Expense for Intangible Assets	As of September 30, 2024, estimated future amortization expense for the intangible assets reflected above was as follows: (in thousands) Remainder of 2024 $ 27,689 2025 116,232 2026 117,102 2027 120,311 2028 113,810 2029 99,816 Thereafter 161,395 Total intangible assets subject to amortization 756,355 Indefinite-lived trade name 357 Other intangible assets, net $ 756,712
Changes in Goodwill	The changes in goodwill during the nine months ended September 30, 2024 and 2023 were as follows: (in thousands) 2024 2023 Beginning balance – January 1 $ 3,805,874 $ 3,658,267 Acquisitions and adjustments (1) 841 113,502 Currency translation 11,845 (2,448) Ending balance – September 30 $ 3,818,560 $ 3,769,321 (1) In accordance with the accounting for business combinations, we recorded adjustments to goodwill for the effect of changes in the provisional fair values of the assets acquired and liabilities assumed during the measurement period (up to one year from the acquisition date) as we obtained new information about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date.

Cash Equivalents and Short-Te_2

Cash Equivalents and Short-Term Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Cash Equivalents and Short-Term Investments	As of September 30, 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 $ 246,657 $ — $ — $ 246,657 Total cash equivalents 246,657 — — 246,657 Short-term investments: Corporate debt securities 26,855 244 — 27,099 Municipal bonds 16,746 117 (8) 16,855 U.S. agency bonds 5,062 17 (4) 5,075 Other short-term investments 183 — — 183 Total short-term investments 48,846 378 (12) 49,212 Total cash equivalents and short-term investments $ 295,503 $ 378 $ (12) $ 295,869 (1) See Note 9, "Fair Value Measurement" 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 September 30, 2024: (in thousands) Amortized Cost Fair Value Less than 1 year $ 15,551 $ 15,599 1-3 years 33,112 33,430 Total $ 48,663 $ 49,029

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 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) September 30, Quoted Prices in Significant Other Significant Assets Cash equivalents: Money market funds $ 246,657 $ 246,657 $ — $ — Short-term investments: Corporate debt securities $ 27,099 $ — $ 27,099 $ — Municipal bonds $ 16,855 $ — $ 16,855 $ — U.S. agency bonds $ 5,075 $ — $ 5,075 $ — Other short-term investments $ 183 $ — $ 183 $ — Deferred compensation plan investments $ 2,434 $ 2,434 $ — $ — Equity securities $ 698 $ 698 $ — $ — 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)	9 Months Ended
	Sep. 30, 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 Nine Months Ended (in thousands) September 30, September 30, September 30, September 30, Lease liability cost $ 7,016 $ 7,097 $ 21,472 $ 21,207 Variable lease cost not included in the lease liability (1) 1,454 1,523 4,096 4,134 Total lease cost $ 8,470 $ 8,620 $ 25,568 $ 25,341 (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 $ (7,208) $ (7,288) $ (21,362) $ (20,993) Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,771 $ 2,192 $ 8,184 $ 7,508 As of September 30, 2024 2023 Weighted-average remaining lease term of operating leases 5.7 years 6.5 years Weighted-average discount rate of operating leases 3.3 % 3.4 %
Schedule of Maturity of Operating Lease Liabilities	The maturity schedule of the operating lease liabilities as of September 30, 2024 is as follows: (in thousands) Remainder of 2024 $ 7,295 2025 27,488 2026 23,101 2027 18,930 2028 17,493 Thereafter 30,222 Total future lease payments 124,529 Less: Present value adjustment (10,882) Present value of future lease payments (1) $ 113,647 (1) Includes the current portion of operating lease liabilities of $24.8 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, 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 Nine Months Ended (in thousands, except percentages) September 30, September 30, September 30, September 30, Income before income tax provision $ 161,255 $ 62,545 $ 358,745 $ 267,366 Income tax provision $ 33,063 $ 7,043 $ 65,741 $ 41,716 Effective tax rate 20.5 % 11.3 % 18.3 % 15.6 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 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 Nine Months Ended (in thousands, except per share data) September 30, September 30, September 30, September 30, Cost of sales: Maintenance and service $ 3,653 $ 3,568 $ 10,678 $ 9,924 Operating expenses: Selling, general and administrative 44,074 32,907 117,043 89,006 Research and development 24,603 21,586 70,163 59,603 Stock-based compensation expense before taxes 72,330 58,061 197,884 158,533 Related income tax benefits (13,051) (12,993) (50,340) (41,848) Stock-based compensation expense, net of taxes $ 59,279 $ 45,068 $ 147,544 $ 116,685 Net impact on earnings per share: Basic earnings per share $ (0.68) $ (0.52) $ (1.69) $ (1.34) Diluted earnings per share $ (0.67) $ (0.52) $ (1.68) $ (1.34)

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2024
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 $ 292,364 $ 204,824 $ 806,867 $ 661,953 Japan 46,737 40,956 132,253 141,770 Germany 38,717 37,901 111,187 117,240 China and Hong Kong 34,516 19,548 107,288 91,128 South Korea 29,193 27,928 80,210 75,868 Other Europe, Middle East and Africa (EMEA) 98,303 83,719 275,250 251,696 Other international 62,062 43,919 149,580 125,186 Total revenue $ 601,892 $ 458,795 $ 1,662,635 $ 1,464,841
Property and Equipment by Geographic Area	Property and equipment by geographic area is as follows: (in thousands) September 30, December 31, United States $ 62,856 $ 56,421 India 6,077 5,057 France 5,553 4,771 Other EMEA 7,091 6,924 Other international 5,557 4,607 Total property and equipment, net $ 87,134 $ 77,780

Organization (Detail)

Organization (Detail)	9 Months Ended
	Sep. 30, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1

Accounting Policies (Details)

Accounting Policies (Details)	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Amount of revenue recognized from beginning deferred revenue and backlog	$ 742.8	$ 706.2

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 601,892	$ 458,795	$ 1,662,635	$ 1,464,841
Direct revenue, as a percentage of total revenue | Revenue Benchmark | Sales Channel Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	74.60%	73.50%	72.80%	73.70%
Indirect revenue, as a percentage of total revenue | Revenue Benchmark | Sales Channel Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	25.40%	26.50%	27.20%	26.30%
Subscription lease licenses
Disaggregation of Revenue [Line Items]
Total revenue	$ 194,322	$ 103,573	$ 507,711	$ 386,494
Perpetual licenses
Disaggregation of Revenue [Line Items]
Total revenue	82,626	58,849	212,790	199,977
Software licenses
Disaggregation of Revenue [Line Items]
Total revenue	276,948	162,422	720,501	586,471
Maintenance
Disaggregation of Revenue [Line Items]
Total revenue	306,670	278,108	889,836	820,393
Service
Disaggregation of Revenue [Line Items]
Total revenue	18,274	18,265	52,298	57,977
Maintenance and service
Disaggregation of Revenue [Line Items]
Total revenue	$ 324,944	$ 296,373	$ 942,134	$ 878,370

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Changes in Deferred Revenue (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 479,754	$ 435,758
Acquired deferred revenue	0	7,910
Deferral of revenue	1,634,160	1,399,367
Recognition of revenue	(1,662,635)	(1,464,841)
Currency translation	59	(7,761)
Ending balance	$ 451,338	$ 370,433

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Remaining Performance Obligations, Expected Timing of Satisfaction (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 1,463,797
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	1,463,797
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	902,792
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 902,792
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 343,105
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 343,105
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-10-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 146,030
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 146,030
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-10-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 71,870
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 71,870
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	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Acquisition-related expenses	$ 13,200	$ 39,900
Payment to acquire equity method investment		300,000
Payments to acquire businesses, net of cash acquired		$ 1,586	$ 197,786
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 (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Receivables and Current Assets and Other Accrued Expenses and Liabilities [Abstract]
Receivables related to unrecognized revenue	$ 176,725	$ 253,646
Income taxes receivable, including overpayments and refunds	29,034	22,104
Prepaid expenses and other current assets	64,376	48,901
Total other receivables and current assets	$ 270,135	$ 324,651

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, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income	$ 128,192	$ 130,034	$ 34,778	$ 55,502	$ 69,526	$ 100,622	$ 293,004	$ 225,650
Weighted average shares outstanding – basic	87,399			86,817			87,266	86,814
Dilutive effect of stock plans	486			564			548	521
Weighted average shares outstanding – diluted	87,885			87,381			87,814	87,335
Basic earnings per share	$ 1.47			$ 0.64			$ 3.36	$ 2.60
Diluted earnings per share	$ 1.46			$ 0.64			$ 3.34	$ 2.58
Anti-dilutive shares	0			73			18	257

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail)	Sep. 30, 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	Sep. 30, 2024	Dec. 31, 2023
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	$ 1,614,131	$ 1,626,099
Amortized intangible assets, accumulated amortization	(857,776)	(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	1,151,665	1,146,022
Amortized intangible assets, accumulated amortization	(619,558)	(557,359)
Customer lists
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	271,859	289,874
Amortized intangible assets, accumulated amortization	(88,541)	(89,800)
Trade names
Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	190,607	190,203
Amortized intangible assets, accumulated amortization	$ (149,677)	$ (143,880)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Future Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 27,689
2025	116,232
2026	117,102
2027	120,311
2028	113,810
2029	99,816
Thereafter	161,395
Total intangible assets subject to amortization	756,355
Indefinite-lived trade name	357
Other intangible assets, net	$ 756,712	$ 835,417

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Goodwill (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Goodwill [Roll Forward]
Beginning balance	$ 3,805,874	$ 3,658,267
Acquisitions and adjustments	841	113,502
Currency translation	11,845	(2,448)
Ending balance	$ 3,818,560	$ 3,769,321

Cash Equivalents and Short-Te_3

Cash Equivalents and Short-Term Investments (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Corporate debt securities
Fair Value	$ 27,099
Debt Securities, Available-for-Sale, Unrealized Loss Position	500
Municipal bonds
Fair Value	16,855
Debt Securities, Available-for-Sale, Unrealized Loss Position	4,500
U.S. agency bonds
Fair Value	5,075
Debt Securities, Available-for-Sale, Unrealized Loss Position	$ 2,000

Schedule of Cash Equivalents an

Schedule of Cash Equivalents and Short-Term Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Money market funds
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	$ 246,657
Gross Unrealized Gains	0
Gross Unrealized Losses Less Than 12 Continuous Months	0
Fair Value	246,657
Cash equivalents
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	246,657
Gross Unrealized Gains	0
Gross Unrealized Losses Less Than 12 Continuous Months	0
Fair Value	246,657
Corporate debt securities
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	26,855
Gross Unrealized Gains	244
Gross Unrealized Losses Less Than 12 Continuous Months	0
Fair Value	27,099
Corporate debt securities | Significant Other Observable Inputs (Level 2)
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Fair Value	27,099
Municipal bonds
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	16,746
Gross Unrealized Gains	117
Gross Unrealized Losses Less Than 12 Continuous Months	(8)
Fair Value	16,855
Municipal bonds | Significant Other Observable Inputs (Level 2)
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Fair Value	16,855
U.S. agency bonds
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	5,062
Gross Unrealized Gains	17
Gross Unrealized Losses Less Than 12 Continuous Months	(4)
Fair Value	5,075
U.S. agency bonds | Significant Other Observable Inputs (Level 2)
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Fair Value	5,075
Other short-term investments
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	183
Gross Unrealized Gains	0
Gross Unrealized Losses Less Than 12 Continuous Months	0
Fair Value	183	$ 189
Other short-term investments | Significant Other Observable Inputs (Level 2)
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Fair Value	183	$ 189
Short-Term Investments
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	48,846
Gross Unrealized Gains	378
Gross Unrealized Losses Less Than 12 Continuous Months	(12)
Fair Value	49,212
Cash Equivalents and Short-Term Investments
Schedule of Cash Equivalents and Short-Term Investments [Line Items]
Amortized Cost	295,503
Gross Unrealized Gains	378
Gross Unrealized Losses Less Than 12 Continuous Months	(12)
Fair Value	$ 295,869

Debt Securities, Available-for-

Debt Securities, Available-for-Sale Maturities (Details) - Available-for-Sale Securities $ in Thousands	Sep. 30, 2024 USD ($)
Debt Securities, Available-for-Sale Maturities
Amortized Cost, Less Than 1 Year	$ 15,551
Fair Value, Less Than 1 Year	15,599
Amortized Cost, 1-3 Years	33,112
Fair Value, 1-3 Years	33,430
Amortized Cost	48,663
Fair Value	$ 49,029

Fair Value Measurement - Fair V

Fair Value Measurement - Fair Value of Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 246,657	$ 170,821
Deferred compensation plan investments	2,434	2,337
Equity securities	698	634
Forward contracts		(412)
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	27,099
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	16,855
U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	5,075
Other short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	183	189
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	246,657	170,821
Deferred compensation plan investments	2,434	2,337
Equity securities	698	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) | U.S. agency 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:	27,099
Significant Other Observable Inputs (Level 2) | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	16,855
Significant Other Observable Inputs (Level 2) | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	5,075
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:	183	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) | U.S. agency 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	Sep. 30, 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Lease liability cost	$ 7,016	$ 7,097	$ 21,472	$ 21,207
Variable lease cost not included in the lease liability	1,454	1,523	4,096	4,134
Total lease cost	$ 8,470	$ 8,620	$ 25,568	$ 25,341

Leases - Lessee, Operating Leas

Leases - Lessee, Operating Lease Other Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating cash flows from operating leases	$ (7,208)	$ (7,288)	$ (21,362)	$ (20,993)
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,771	$ 2,192	$ 8,184	$ 7,508
Weighted-average remaining lease term of operating leases	5 years 8 months 12 days	6 years 6 months	5 years 8 months 12 days	6 years 6 months
Weighted-average discount rate of operating leases	3.30%	3.40%	3.30%	3.40%

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Operating Lease Liabilities (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 7,295
2025	27,488
2026	23,101
2027	18,930
2028	17,493
Thereafter	30,222
Total future lease payments	124,529
Less: Present value adjustment	(10,882)
Present value of future lease payments	113,647
Current portion of operating lease liabilities	$ 24,800

Debt (Detail)

Debt (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Disclosure [Line Items]
Long-term debt, gross value	$ 755,000,000		$ 755,000,000		$ 755,000,000
Debt instrument, basis spread on overnight bank funding rate			0.50%
Debt instrument, basis spread on SOFR rate			1%
Sustainability Rate Adjustment	0.05%		0.05%
Weighted-average interest rate over time	6.25%	6.22%	6.27%	5.89%
Weighted-average interest rate at point in time	5.53%		5.53%
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	754,100,000		754,100,000		753,900,000
Unamortized debt discount and issuance costs	900,000		900,000		1,100,000
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

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Provision (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income before income tax provision	$ 161,255	$ 62,545	$ 358,745	$ 267,366
Income tax provision	$ 33,063	$ 7,043	$ 65,741	$ 41,716
Effective tax rate	20.50%	11.30%	18.30%	15.60%

Stock Repurchase Program (Detai

Stock Repurchase Program (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 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	Sep. 30, 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 72,330	$ 58,061	$ 197,884	$ 158,533
Related income tax benefits	(13,051)	(12,993)	(50,340)	(41,848)
Stock-based compensation expense, net of taxes	$ 59,279	$ 45,068	$ 147,544	$ 116,685
Basic earnings per share	$ (0.68)	$ (0.52)	$ (1.69)	$ (1.34)
Diluted earnings per share	$ (0.67)	$ (0.52)	$ (1.68)	$ (1.34)
Maintenance and service
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 3,653	$ 3,568	$ 10,678	$ 9,924
Selling, general and administrative
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	44,074	32,907	117,043	89,006
Research and development
Employee Service Share-Based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense before taxes	$ 24,603	$ 21,586	$ 70,163	$ 59,603

Geographic Information - Revenu

Geographic Information - Revenue by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 601,892	$ 458,795	$ 1,662,635	$ 1,464,841
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	292,364	204,824	806,867	661,953
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	46,737	40,956	132,253	141,770
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	38,717	37,901	111,187	117,240
China and Hong Kong
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	34,516	19,548	107,288	91,128
South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	29,193	27,928	80,210	75,868
Other Europe, Middle East and Africa (EMEA)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	98,303	83,719	275,250	251,696
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 62,062	$ 43,919	$ 149,580	$ 125,186

Geographic Information - Proper

Geographic Information - Property and Equipment by Geographic Area (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 87,134	$ 77,780
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	62,856	56,421
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	6,077	5,057
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	5,553	4,771
Other EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	7,091	6,924
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 5,557	$ 4,607

Contingencies and Commitments (

Contingencies and Commitments (Detail) $ in Millions	Sep. 30, 2024 USD ($)
India Service Tax Audit
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 7.3