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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income $ 91,091 $ 89,890
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,157 6,136
Equity-based compensation 44,209 31,333
(Gain) loss on disposal of equipment (20) 14
Deferred income taxes (20,736) (213)
Unrealized foreign currency gain (2,933) (949)
Changes in operating assets and liabilities:    
Accounts receivable, net (23,384) (7,296)
Other assets (9,190) (8,328)
Accounts payable, accrued and other liabilities 20,743 13,429
Income taxes (730) (2,965)
Deferred revenue 20,195 24,029
Net cash provided by operating activities 124,402 145,080
Investing activities:    
Purchase of property and equipment (4,152) (2,158)
Net cash used in investing activities (4,152) (2,158)
Financing activities:    
Purchase of common stock (179,029) (100,242)
Net cash used in financing activities (179,029) (100,242)
Foreign currency impact on cash (7,872) (940)
Net change in cash and cash equivalents (66,651) 41,740
Cash and cash equivalents at beginning of period 263,706 204,705
Cash and cash equivalents at end of period $ 197,055 $ 246,445