VeriSign (VRSN) 10-Q 23 Jul 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2020	Jul. 17, 2020
Document And Entity Information [Abstract]
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	VRSN
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3221585
Entity Address, Postal Zip Code	20190
Document Transition Report	false
Document Quarterly Report	true
Entity Registrant Name	VERISIGN INC/CA
Entity Central Index Key	0001014473
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Entity File Number	000-23593
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		114,853,683
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Address, Address Line One	12061 Bluemont Way,
Entity Address, City or Town	Reston,
Entity Address, State or Province	VA
City Area Code	703
Local Phone Number	948-3200
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 306,701	$ 508,196
Marketable securities	887,872	709,863
Other Assets, Current	55,075	60,530
Total current assets	1,249,648	1,278,589
Property and equipment, net	250,290	250,283
Goodwill	52,527	52,527
Deferred Income Tax Assets, Net	82,048	87,798
Deposits to acquire Intangible Assets	145,000	145,000
Other long-term assets	40,613	39,812
Total long-term assets	570,478	575,420
Total assets	1,820,126	1,854,009
Current liabilities:
Accounts payable and accrued liabilities	235,671	209,988
Deferred revenues	782,661	755,178
Total current liabilities	1,018,332	965,166
Long-term deferred revenues	281,649	278,702
Senior Notes	1,788,824	1,787,565
Other long-term liabilities	131,645	312,676
Total long-term liabilities	2,202,118	2,378,943
Total liabilities	3,220,450	3,344,109
Commitments and contingencies
Stockholders' deficit:
Preferred stock-par value $.001 per share	0	0
Common Stocks, Including Additional Paid in Capital	14,592,929	14,990,011
Accumulated deficit	(15,990,895)	(16,477,490)
Accumulated other comprehensive loss	(2,358)	(2,621)
Total stockholders' deficit	(1,400,324)	(1,490,100)
Total liabilities and stockholders' deficit	$ 1,820,126	$ 1,854,009
Common Stock, Shares, Issued	353,637,000	353,157,000
Common stock, outstanding shares	115,011,000	116,715,000
Preferred stock, authorized shares	5,000,000	5,000
Preferred stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	1,000,000,000	1,000,000,000
Common stock, par value	$ 0.001	$ 0.001

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	5,000,000	5,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	1,000,000,000	1,000,000,000
Common Stock, Shares, Issued	353,637,000	353,157,000
Common stock, outstanding shares	115,011,000	116,715,000

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues	$ 314,365	$ 306,289	$ 626,889	$ 612,697
Costs and expenses:
Cost of revenues	43,608	44,066	89,181	89,570
Sales and marketing	8,890	12,399	15,494	22,918
Research and development	18,202	14,953	35,560	31,085
General and administrative	36,885	33,178	73,610	67,179
Total costs and expenses	107,585	104,596	213,845	210,752
Operating income	206,780	201,693	413,044	401,945
Interest expense	(22,535)	(22,635)	(45,070)	(45,266)
Non-operating income (loss), net	7,403	11,436	14,487	23,639
Income before income taxes	191,648	190,494	382,461	380,318
Income tax expense	(39,169)	(42,960)	104,134	(70,257)
Net Income	152,479	147,534	486,595	310,061
Other comprehensive income (loss)	(2,000)	35	263	84
Comprehensive Income	$ 150,479	$ 147,569	$ 486,858	$ 310,145
Basic income (loss) per share
Net Income	$ 1.32	$ 1.24	$ 4.20	$ 2.60
Diluted income (loss) per share
Net Income	$ 1.32	$ 1.24	$ 4.19	$ 2.59
Shares used to compute net income per share
Basic	115,347	118,965	115,861	119,359
Diluted	115,544	119,361	116,137	119,837

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Deficit Statement - USD ($) $ in Thousands	Total	Common Stock Including Additional Paid in Capital [Member]	Accumulated Deficit [Member]	AOCI Attributable to Parent [Member]
Stockholders' Deficit	$ (1,385,474)	$ 15,707,126	$ (17,089,789)	$ (2,811)
Stock-based compensation expense		26,441
Stock Issued During Period, Value, Employee Stock Purchase Plan		8,253
Stock Repurchased During Period, Value		(384,532)
Net Income	310,061		310,061
Other Comprehensive Income (Loss), Net of Tax	84			84
Stockholders' Deficit	(1,406,129)	15,523,895	(16,927,262)	(2,762)
Stock-based compensation expense		13,623
Stock Issued During Period, Value, Employee Stock Purchase Plan		0
Stock Repurchased During Period, Value		(180,230)
Net Income			147,534
Other Comprehensive Income (Loss), Net of Tax	35			35
Stockholders' Deficit	(1,425,167)	15,357,288	(16,779,728)	(2,727)
Stockholders' Deficit	(1,490,100)	14,990,011	(16,477,490)	(2,621)
Stock-based compensation expense		24,448
Stock Issued During Period, Value, Employee Stock Purchase Plan		8,296
Stock Repurchased During Period, Value		(429,826)
Net Income	486,595		486,595
Other Comprehensive Income (Loss), Net of Tax	263			263
Stockholders' Deficit	(1,409,114)	14,734,618	(16,143,374)	(358)
Stock-based compensation expense		12,514
Stock Issued During Period, Value, Employee Stock Purchase Plan		0
Stock Repurchased During Period, Value		(154,203)
Net Income			152,479
Other Comprehensive Income (Loss), Net of Tax	(2,000)			(2,000)
Stockholders' Deficit	$ (1,400,324)	$ 14,592,929	$ (15,990,895)	$ (2,358)

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 486,595	$ 310,061
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	22,841	22,884
Stock-based compensation	23,428	25,617
Accretion (Amortization) of Discounts and Premiums, Investments	(5,095)	(5,679)
Other Noncash Income (Expense)	3,006	(894)
Changes in operating assets and liabilities
Other assets	(10,146)	(10,254)
Accounts payable and accrued liabilities	25,796	(39,351)
Deferred revenues	30,430	31,857
Deferred Income Taxes	(175,471)	16,146
Net cash provided by operating activities	395,372	352,175
Net Cash Provided by (Used in) Investing Activities [Abstract]
Proceeds from maturities and sales of marketable securities	995,194	1,466,303
Purchases of marketable securities	(1,167,680)	(1,021,741)
Payments for (Proceeds from) Businesses and Interest in Affiliates	20,009	(6,311)
Purchases of property and equipment	(21,891)	(20,189)
Net cash used in investing activities	(174,368)	418,062
Cash flows from financing activities:
Proceeds from employee stock purchase plans	8,296	8,253
Repurchases of common stock	(429,826)	(384,532)
Net cash used in financing activities	(421,530)	(376,279)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(965)	243
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(201,491)	394,201
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	517,601	366,753
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	316,110	760,954
Supplemental cash flow disclosures:
Cash paid for interest	43,708	43,708
Cash paid for income taxes, net of refunds received	$ 26,472	$ 62,214

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	Basis of Presentation Interim Financial Statements The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by VeriSign, Inc. (“Verisign” or the “Company”) in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, do not include all information and notes normally provided in audited financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals and other adjustments) considered necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of, nor comparable to, the results of operations for any other interim period or for a full fiscal year. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes contained in Verisign’s Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Form 10-K”) filed with the SEC on February 14, 2020. Reclassifications Certain reclassifications have been made to prior period amounts to conform to current period presentation. Such reclassifications have no effect on net income as previously reported.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2020
Financial Instruments, Owned, at Fair Value [Abstract]
Financial Instruments	Financial Instruments Cash, Cash Equivalents, and Marketable Securities The following table summarizes the Company’s cash, cash equivalents, and marketable securities and the fair value categorization of the financial instruments measured at fair value on a recurring basis: June 30, December 31, 2020 2019 (In thousands) Cash $ 27,046 $ 33,238 Time deposits 3,971 3,924 Money market funds (Level 1) 155,113 149,624 Debt securities issued by the U.S. Treasury (Level 1) 1,017,852 1,040,678 Total $ 1,203,982 $ 1,227,464 Cash and cash equivalents $ 306,701 $ 508,196 Restricted cash (included in Other long-term assets) 9,409 9,405 Total Cash, cash equivalents, and restricted cash 316,110 517,601 Marketable securities 887,872 709,863 Total $ 1,203,982 $ 1,227,464 The fair value of the debt securities held as of June 30, 2020 was $1.02 billion, including $0.4 million of gross and net unrealized gains. All of the debt securities held as of June 30, 2020 are scheduled to mature in less than one year. Fair Value Measurements The fair value of the Company’s investments in money market funds approximates their face value. Such instruments are included in Cash and cash equivalents. The fair value of the debt securities consisting of U.S. Treasury bills is based on their quoted market prices. Debt securities purchased with original maturities in excess of three months are included in Marketable securities. The fair value of all of these financial instruments are classified as Level 1 in the fair value hierarchy.

Other Balance Sheet Items

Other Balance Sheet Items	6 Months Ended
	Jun. 30, 2020
Balance Sheet Related Disclosures [Abstract]
Other Balance Sheet Items	Selected Balance Sheet Items Other Current Assets Other current assets consist of the following: June 30, December 31, 2020 2019 (In thousands) Prepaid expenses $ 24,495 $ 19,818 Prepaid registry fees 22,539 21,717 Accounts receivable, net 5,338 1,524 Contingent consideration receivable — 14,721 Other 2,703 2,750 Total other current assets $ 55,075 $ 60,530 During the six months ended June 30, 2020 the Company received $20.4 million of contingent consideration related to its divested security services business. The excess of the proceeds received over the balance of the receivable was recognized as a gain and included in Non-operating income, net. Other Long-Term Assets Other long-term assets consist of the following: June 30, December 31, 2020 2019 (In thousands) Operating lease right-of-use asset $ 10,228 $ 9,133 Restricted cash 9,409 9,405 Long-term prepaid registry fees 7,904 7,753 Other tax receivable 6,927 6,927 Other 6,145 6,594 Total other long-term assets $ 40,613 $ 39,812 The current and long-term prepaid registry fees in the tables above relate to the fees the Company pays to ICANN for each annual increment of . com domain name registrations and renewals which are deferred and amortized over the domain name registration term. The amount of prepaid registry fees as of June 30, 2020 reflects amortization of $9.0 million and $17.9 million during the three and six months ended June 30, 2020 which was recorded in Cost of Revenues. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following: June 30, December 31, 2020 2019 (In thousands) Accounts payable and accrued expenses $ 14,964 $ 17,177 Taxes payable and other tax liabilities 78,242 33,435 Customer deposits 53,948 52,804 Accrued employee compensation 38,590 49,869 Interest payable 24,318 24,318 Accrued registry fees 12,316 11,529 Customer incentives payable 7,777 13,547 Other accrued liabilities 5,516 7,309 Total accounts payable and accrued liabilities $ 235,671 $ 209,988 Taxes payable and other tax liabilities reflect amounts accrued for the income tax provision and payments made during the period. The Company deferred its U.S. federal tax payments to the third quarter of 2020 as permitted by IRS guidance. Customer deposits primarily relate to advance payments to cover domain name registration activity by registrars. Accrued employee compensation primarily consists of liabilities for employee leave, salaries, payroll taxes, employee contributions to the employee stock purchase plan, and incentive compensation. Accrued employee incentive compensation as of December 31, 2019, was paid during the six months ended June 30, 2020. Interest payable varies at each period-end based on the payment due dates for each Senior Note issuance. Customer incentives payable includes amounts related to rebates and marketing programs payable to registrars. These amounts may vary from period to period due to the timing of payments. Long-term tax and other liabilities June 30, December 31, 2020 2019 (In thousands) Long-term tax liabilities $ 126,890 $ 308,112 Long-term operating lease liability 4,755 4,564 Long-term tax and other liabilities $ 131,645 $ 312,676

Stockholders' Deficit

Stockholders' Deficit	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Stockholders' (Deficit) Equity	Note 4. Stockholders’ Deficit Effective February 6, 2020, the Company’s Board of Directors authorized the repurchase of its common stock in the amount of $743.0 million, in addition to the $257.0 million that remained available for repurchases under the share repurchase program, for a total repurchase authorization of up to $1.0 billion under the program. The program has no expiration date. Purchases made under the program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions. During the three and six months ended June 30, 2020, the Company repurchased 0.7 million and 2.0 million shares of its common stock, respectively, at an average stock price of $205.45 and $195.68, respectively. The aggregate cost of the repurchases in the three and six months ended June 30, 2020 was $150.0 million and $395.0 million, respectively. As of June 30, 2020, there was approximately $675.6 million remaining available for future share repurchases under the share repurchase program. During the six months ended June 30, 2020, the Company placed 0.2 million shares, at an average stock price of $210.23, and for an aggregate cost of $34.9 million, into treasury stock for purposes related to tax withholding upon vesting of Restricted Stock Units (“RSUs”). Since inception, the Company has repurchased 238.6 million shares of its common stock for an aggregate cost of $10.63 billion, which is presented as a reduction of Additional paid-in capital.

Calculation Of Net Income Per S

Calculation Of Net Income Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Calculation Of Net Income Per Share Attributable To Verisign Stockholders	Calculation of Earnings per Share The following table presents the computation of weighted-average shares used in the calculation of basic and diluted earnings per share: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) Weighted-average shares of common stock outstanding 115,347 118,965 115,861 119,359 Weighted-average potential shares of common stock outstanding: Unvested RSUs and ESPP 197 396 276 478 Shares used to compute diluted earnings per share 115,544 119,361 116,137 119,837 The calculation of diluted weighted average shares outstanding excludes performance-based RSUs granted by the Company for which the relevant performance criteria have not been achieved. The number of potential shares excluded from the calculation was not significant in any period presented.

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Table Text Block]	Revenues The Company generates revenues in the U.S.; Europe, the Middle East and Africa (“EMEA”); China; and certain other countries, including Canada, Australia, and Japan. The following table presents our revenues disaggregated by geography, based on the billing addresses of our customers: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) U.S. $ 199,408 $ 191,848 $ 396,911 $ 384,003 EMEA 52,964 51,595 105,069 103,741 China 29,026 29,448 59,213 57,690 Other 32,967 33,398 65,696 67,263 Total revenues $ 314,365 $ 306,289 $ 626,889 $ 612,697 Revenues in the table above are attributed to the country of domicile and the respective regions in which registrars are located; however, this may differ from the regions where the registrars operate or where registrants are located. Revenues for each region may be impacted by registrars reincorporating, relocating, or from acquisitions or changes in affiliations of resellers. Revenues for each region may also be impacted by registrars domiciled in one region, registering domain names in another region. Deferred Revenues As payment for domain name registrations and renewals are due in advance of our performance, we record these amounts as deferred revenues. The increase in the deferred revenues balance for the six months ended June 30, 2020 was primarily driven by amounts billed in the first half of 2020 for domain name registrations and renewals to be recognized as revenues in future periods, offset by refunds for domain name renewals deleted during the 45-day grace period, and $493.7 million of revenues recognized that were included in the deferred revenues balance at the beginning of the period. The balance of deferred revenues as of June 30, 2020 represents our aggregate remaining performance obligations. Amounts included in current deferred revenues are all expected to be recognized in revenues within 12 months, except for a portion of deferred revenues that relates to domain name renewals that are deleted in the 45-day grace period following the transaction. The long-term deferred revenues amounts will be recognized in revenues over several years and in some cases up to 10 years.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-based Compensation Stock-based compensation is classified in the Condensed Consolidated Statements of Comprehensive Income in the same expense line items as cash compensation. The following table presents the classification of stock-based compensation: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) Cost of revenues $ 1,555 $ 1,741 $ 3,203 $ 3,339 Sales and marketing 843 1,019 1,728 2,002 Research and development 1,780 1,642 3,456 3,231 General and administrative 7,809 8,753 15,041 17,045 Total stock-based compensation expense $ 11,987 $ 13,155 $ 23,428 $ 25,617 The following table presents the nature of the Company’s total stock-based compensation: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) RSUs $ 9,102 $ 9,059 $ 18,189 $ 17,668 Performance-based RSUs 2,327 3,294 4,044 6,332 ESPP 1,085 1,270 2,215 2,441 Capitalization (included in Property and equipment, net) (527) (468) (1,020) (824) Total stock-based compensation expense $ 11,987 $ 13,155 $ 23,428 $ 25,617

Non-operating (loss) income

Non-operating (loss) income	6 Months Ended
	Jun. 30, 2020
Non-operating (loss) income, net [Abstract]
Other Income and Other Expense Disclosure	Non-operating Income, Net The following table presents the components of Non-operating income, net: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) Interest income $ 2,274 $ 7,228 $ 6,695 $ 14,588 Transition services income — 4,050 2,100 8,100 Gain on sale of business 5,153 43 5,611 753 Other, net (24) 115 81 198 Total non-operating income, net $ 7,403 $ 11,436 $ 14,487 $ 23,639 The lower interest income during the three and six months ended June 30, 2020 reflects a decline in interest rates on our investments in debt securities. The transition services income relates to the divested security services business. The transition services agreement ended in February 2020. The gain on sale of business in 2020 represents the excess of the contingent consideration received related to the divested security services business compared to the estimated receivable.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents Income tax expense (benefit) and the effective tax rate: Three Months Ended Six Months Ended 2020 2019 2020 2019 (Dollars in thousands) Income tax expense (benefit) $ 39,169 $ 42,960 $ (104,134) $ 70,257 Effective tax rate 20 % 23 % (27) % 18 %

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Financial Instruments, Owned, at Fair Value [Abstract]
Cash, Cash Equivalents, And Marketable Securities	The following table summarizes the Company’s cash, cash equivalents, and marketable securities and the fair value categorization of the financial instruments measured at fair value on a recurring basis: June 30, December 31, 2020 2019 (In thousands) Cash $ 27,046 $ 33,238 Time deposits 3,971 3,924 Money market funds (Level 1) 155,113 149,624 Debt securities issued by the U.S. Treasury (Level 1) 1,017,852 1,040,678 Total $ 1,203,982 $ 1,227,464 Cash and cash equivalents $ 306,701 $ 508,196 Restricted cash (included in Other long-term assets) 9,409 9,405 Total Cash, cash equivalents, and restricted cash 316,110 517,601 Marketable securities 887,872 709,863 Total $ 1,203,982 $ 1,227,464

Other Balance Sheet Items (Tabl

Other Balance Sheet Items (Tables)	6 Months Ended
	Jun. 30, 2020
Balance Sheet Related Disclosures [Abstract]
Other Current Assets	Other current assets consist of the following: June 30, December 31, 2020 2019 (In thousands) Prepaid expenses $ 24,495 $ 19,818 Prepaid registry fees 22,539 21,717 Accounts receivable, net 5,338 1,524 Contingent consideration receivable — 14,721 Other 2,703 2,750 Total other current assets $ 55,075 $ 60,530
Schedule of Other Assets, Noncurrent [Table Text Block]	Other long-term assets consist of the following: June 30, December 31, 2020 2019 (In thousands) Operating lease right-of-use asset $ 10,228 $ 9,133 Restricted cash 9,409 9,405 Long-term prepaid registry fees 7,904 7,753 Other tax receivable 6,927 6,927 Other 6,145 6,594 Total other long-term assets $ 40,613 $ 39,812
Components Of Accounts Payable And Accrued Liabilities	Accounts payable and accrued liabilities consist of the following: June 30, December 31, 2020 2019 (In thousands) Accounts payable and accrued expenses $ 14,964 $ 17,177 Taxes payable and other tax liabilities 78,242 33,435 Customer deposits 53,948 52,804 Accrued employee compensation 38,590 49,869 Interest payable 24,318 24,318 Accrued registry fees 12,316 11,529 Customer incentives payable 7,777 13,547 Other accrued liabilities 5,516 7,309 Total accounts payable and accrued liabilities $ 235,671 $ 209,988
Other Noncurrent Liabilities [Table Text Block]	Long-term tax and other liabilities June 30, December 31, 2020 2019 (In thousands) Long-term tax liabilities $ 126,890 $ 308,112 Long-term operating lease liability 4,755 4,564 Long-term tax and other liabilities $ 131,645 $ 312,676

Calculation Of Net Income Per_2

Calculation Of Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	The following table presents the computation of weighted-average shares used in the calculation of basic and diluted earnings per share: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) Weighted-average shares of common stock outstanding 115,347 118,965 115,861 119,359 Weighted-average potential shares of common stock outstanding: Unvested RSUs and ESPP 197 396 276 478 Shares used to compute diluted earnings per share 115,544 119,361 116,137 119,837

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents our revenues disaggregated by geography, based on the billing addresses of our customers: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) U.S. $ 199,408 $ 191,848 $ 396,911 $ 384,003 EMEA 52,964 51,595 105,069 103,741 China 29,026 29,448 59,213 57,690 Other 32,967 33,398 65,696 67,263 Total revenues $ 314,365 $ 306,289 $ 626,889 $ 612,697

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Classification Of Stock-Based Compensation	The following table presents the classification of stock-based compensation: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) Cost of revenues $ 1,555 $ 1,741 $ 3,203 $ 3,339 Sales and marketing 843 1,019 1,728 2,002 Research and development 1,780 1,642 3,456 3,231 General and administrative 7,809 8,753 15,041 17,045 Total stock-based compensation expense $ 11,987 $ 13,155 $ 23,428 $ 25,617
Nature Of Total Stock-Based Compensation	The following table presents the nature of the Company’s total stock-based compensation: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) RSUs $ 9,102 $ 9,059 $ 18,189 $ 17,668 Performance-based RSUs 2,327 3,294 4,044 6,332 ESPP 1,085 1,270 2,215 2,441 Capitalization (included in Property and equipment, net) (527) (468) (1,020) (824) Total stock-based compensation expense $ 11,987 $ 13,155 $ 23,428 $ 25,617

Non-operating (loss) income (Ta

Non-operating (loss) income (Tables)	6 Months Ended
	Jun. 30, 2020
Non-operating (loss) income, net [Abstract]
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	The following table presents the components of Non-operating income, net: Three Months Ended Six Months Ended 2020 2019 2020 2019 (In thousands) Interest income $ 2,274 $ 7,228 $ 6,695 $ 14,588 Transition services income — 4,050 2,100 8,100 Gain on sale of business 5,153 43 5,611 753 Other, net (24) 115 81 198 Total non-operating income, net $ 7,403 $ 11,436 $ 14,487 $ 23,639

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Tax Expense From Continuing Operations And The Effective Tax Rate	The following table presents Income tax expense (benefit) and the effective tax rate: Three Months Ended Six Months Ended 2020 2019 2020 2019 (Dollars in thousands) Income tax expense (benefit) $ 39,169 $ 42,960 $ (104,134) $ 70,257 Effective tax rate 20 % 23 % (27) % 18 %

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Cash	$ 27,046	$ 33,238
Time deposits	3,971	3,924
Money Market Funds (level 1)	155,113	149,624
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	1,017,852	1,040,678
Total	1,203,982	1,227,464
Included in Cash and cash equivalents	306,701	508,196
Restricted Cash Equivalents, Noncurrent	9,409	9,405
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	316,110	517,601	$ 760,954	$ 366,753
Included in Marketable securities	$ 887,872	$ 709,863

Financial Instruments Financial

Financial Instruments Financial Instruments narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Document Period End Date	Jun. 30, 2020
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	$ 1,017,852	$ 1,040,678
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	1,017,852	$ 1,040,678
Debt securities gross unrealized gains	400
Debt instrument fair value senior notes 2023	756,600
Debt instrument fair value senior notes 2025	555,000
Debt instrument fair value senior notes 2027	$ 579,000

Other Balance Sheet Items (Othe

Other Balance Sheet Items (Other Current Assets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Contingent consideration proceeds	$ 20,400
Prepaid registry fees, current	22,539	$ 21,717
Estimated contingent consideration receivable	0	14,721
Prepaid expenses	24,495	19,818
Accounts Receivable, Net	5,338	1,524
Other Assets, Miscellaneous, Current	2,703	2,750
Other Assets, Current	$ 55,075	$ 60,530

Other Balance Sheet Items Other

Other Balance Sheet Items Other Balance Sheet Items (Other long-term assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Restricted Cash	$ 9,409	$ 9,405
Operating Lease, Right-of-Use Asset	10,228	9,133
Prepaid registry fees, noncurent	7,904	7,753
Income Taxes Receivable, Noncurrent	6,927	6,927
Other Assets, Miscellaneous, Noncurrent	6,145	6,594
Other Assets, Noncurrent	$ 40,613	$ 39,812

Other Balance Sheet Items (Comp

Other Balance Sheet Items (Components Of Accounts Payable And Accrued Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Accounts payable	$ 14,964	$ 17,177
Accrued employee compensation	38,590	49,869
Taxes Payable	78,242	33,435
Interest Payable	24,318	24,318
Deposits, net	53,948	52,804
accrued fees	12,316	11,529
Other accrued liabilities	5,516	7,309
Total accounts payable and accrued liabilities	235,671	209,988
customer incentives payable	$ (7,777)	$ (13,547)

Other Balance Sheet Items Oth_2

Other Balance Sheet Items Other Balance Sheet Items (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Amortization of Other Deferred Charges	$ 9	$ 17.9

Other Balance Sheet Items Oth_3

Other Balance Sheet Items Other Balance Sheet Items (Long-term tax and other liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Long-term tax and other liabilities Disclosure [Abstract]
Unrecognized Tax Benefits		$ 126,890	$ 308,112
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	$ 167,800	167,800
Operating Lease, Liability, Noncurrent		4,755	4,564
Other long-term liabilities		$ 131,645	$ 312,676

Stockholders' Deficit (Narrativ

Stockholders' Deficit (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Feb. 06, 2020
Treasury Stock Repurchase Programs [Line Items]
Additional share repurchase amount authorized		$ 743
Remaining common stock available for repurchase	$ 675.6	$ 675.6	$ 257
Common stock, held in treasury	238.6	238.6
Common stock repurchased	$ 10,630	$ 10,630
Share Buyback Program [Member]
Treasury Stock Repurchase Programs [Line Items]
Common stock authorized to repurchase			$ 1,000
Common stock repurchase, share	0.7	2
Average stock price	$ 205.45	$ 195.68
Aggregate cost of share	$ 150	$ 395
Restricted Stock Units [Member]
Treasury Stock Repurchase Programs [Line Items]
Common stock repurchase, share		0.2
Average stock price		$ 210.23
Aggregate cost of share		$ 34.9

Calculation Of Net Income Per_3

Calculation Of Net Income Per Share (Weighted-Average Shares Used In Calculation Of Basic And Diluted EPS) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Weighted-average number of common shares outstanding	115,347	118,965	115,861	119,359
Unvested RSUs and ESPP	197	396	276	478
Shares used to compute diluted net income per share	115,544	119,361	116,137	119,837

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 314,365	$ 306,289	$ 626,889	$ 612,697
US [Member]
Disaggregation of Revenue [Line Items]
Revenues	199,408	191,848	396,911	384,003
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenues	52,964	51,595	105,069	103,741
China [Member]
Disaggregation of Revenue [Line Items]
Revenues	29,026	29,448	59,213	57,690
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 32,967	$ 33,398	$ 65,696	$ 67,263

Revenue Revenue (Narrative deta

Revenue Revenue (Narrative detail) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue, Revenue Recognized	$ 493.7

Stock-Based Compensation (Class

Stock-Based Compensation (Classification Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 11,987	$ 13,155	$ 23,428	$ 25,617
Cost Of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,555	1,741	3,203	3,339
Sales And Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	843	1,019	1,728	2,002
Research And Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,780	1,642	3,456	3,231
General And Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 7,809	$ 8,753	$ 15,041	$ 17,045

Stock-Based Compensation (Natur

Stock-Based Compensation (Nature Of Total Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Amount Capitalized	$ (527)	$ (468)	$ (1,020)	$ (824)
Stock-based compensation	11,987	13,155	23,428	25,617
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	9,102	9,059	18,189	17,668
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	2,327	3,294	4,044	6,332
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,085	$ 1,270	$ 2,215	$ 2,441

Non-operating (loss) income (De

Non-operating (loss) income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Non-operating (loss) income, net [Abstract]
Interest Income	$ 2,274	$ 7,228	$ 6,695	$ 14,588
income from transition services	0	4,050	2,100	8,100
Gain (Loss) on Disposition of Business	5,153	43	5,611	753
Other Nonoperating Income (Expense)	(24)	115	81	198
Nonoperating (loss) Income	$ 7,403	$ 11,436	$ 14,487	$ 23,639

Income Taxes (Income Tax Expens

Income Taxes (Income Tax Expense From Continuing Operations And Effective Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense from continuing operations	$ 39,169	$ 42,960	$ (104,134)	$ 70,257
Effective tax rate	20.00%	23.00%	(27.00%)	18.00%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities		$ 167.8	$ 167.8
Statutory federal rate	21.00%