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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 61,417 $ 53,236
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,493 4,219
Equity-based compensation 29,676 20,760
(Gain) loss on disposal of equipment (92)  
Deferred income taxes (12,535) 1,768
Unrealized foreign currency gain (2,087) (1,029)
Changes in operating assets and liabilities:    
Accounts receivable, net (11,703) (5,289)
Other assets (6,697) (7,912)
Accounts payable, accrued and other liabilities (587) 9,592
Income taxes (3,519) (1,952)
Deferred revenue 27,116 12,002
Net cash provided by operating activities 84,482 85,395
Investing activities:    
Purchase of property and equipment (2,243) (1,171)
Net cash used in investing activities (2,243) (1,171)
Financing activities:    
Purchase of common stock (127,787) (79,486)
Net cash used in financing activities (127,787) (79,486)
Foreign currency impact on cash (4,387) (100)
Net change in cash and cash equivalents (49,935) 4,638
Cash and cash equivalents at beginning of period 263,706 204,705
Cash and cash equivalents at end of period $ 213,771 $ 209,343