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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 84,280 $ 63,306
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,613 16,591
Deferred income tax (benefit) expense (3,245) 9,291
Provision for bad debts 64 1,040
Stock-based compensation expense 15,269 10,513
Other 272 (363)
Changes in operating assets and liabilities:    
Accounts receivable 22,507 15,060
Other receivables and current assets 6,167 18,203
Other long-term assets 1,189 6,046
Accounts payable, accrued expenses and current liabilities (40,009) (23,335)
Accrued income taxes (1,807) 1,303
Deferred revenue 31,704 7,176
Other long-term liabilities (583) 1,062
Net cash provided by operating activities 132,421 125,893
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0 (5,864)
Capital expenditures (2,933) (4,057)
Other investing activities (4,303) (964)
Net cash used in investing activities (7,236) (10,885)
Cash flows from financing activities:    
Purchase of treasury stock (117,831) (100,352)
Restricted stock withholding taxes paid in lieu of issued shares (24,333) (8,480)
Proceeds from shares issued for stock-based compensation 12,759 30,498
Net cash used in financing activities (129,405) (78,334)
Effect of exchange rate fluctuations on cash and cash equivalents 8,212 7,035
Net increase in cash and cash equivalents 3,992 43,709
Cash and cash equivalents, beginning of period 881,501 822,479
Cash and cash equivalents, end of period 885,493 866,188
Supplemental disclosures of cash flow information:    
Income taxes paid $ 3,402 $ 2,376