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RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
(Unaudited, in thousands) | ||||||||||||||||
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Three Months Ended
June 30, |
Six Months Ended
June 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Total operating expenses | $ | 164,042 | $ | 135,350 | $ | 320,996 | $ | 269,854 | ||||||||
| Adjustments to reconcile total operating expenses to non-GAAP total operating expenses: | ||||||||||||||||
| Stock-based compensation and related expenses* | (51,069 | ) | (36,842 | ) | (100,938 | ) | (72,704 | ) | ||||||||
| Amortization of acquisition-related intangible assets | (33 | ) | (33 | ) | (66 | ) | (66 | ) | ||||||||
| Deferred compensation plan expense | (1,273 | ) | (2,469 | ) | (4,899 | ) | (5,073 | ) | ||||||||
| Non-GAAP operating expenses | $ | 111,667 | $ | 96,006 | $ | 215,093 | $ | 192,011 | ||||||||
*Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.
