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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income $ 127,832 $ 91,091
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,247 5,157
Equity-based compensation 53,598 44,209
Loss (gain) on disposal of equipment 42 (20)
Deferred income taxes (18,359) (20,736)
Unrealized foreign currency loss (gain) 922 (2,933)
Changes in operating assets and liabilities:    
Accounts receivable, net (17,168) (23,384)
Other assets (7,747) (9,190)
Accounts payable, accrued and other liabilities 13,477 20,743
Income taxes (4,347) (730)
Deferred revenue 5,362 20,195
Net cash provided by operating activities 157,859 124,402
Investing activities:    
Purchase of property and equipment (2,761) (4,152)
Net cash used in investing activities (2,761) (4,152)
Financing activities:    
Repurchase of common stock (195,716) (179,029)
Net cash used in financing activities (195,716) (179,029)
Foreign currency impact on cash (2,533) (7,872)
Net change in cash and cash equivalents (43,151) (66,651)
Cash and cash equivalents at beginning of period 225,463 263,706
Cash and cash equivalents at end of period $ 182,312 $ 197,055