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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income (loss) $ (3,465) $ 44,869 $ 29,734
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 19,967 15,111 12,495
Amortization 58,565 55,261 27,563
Amortization of debt issuance costs 3,311 3,312 3,014
Impairment loss 2,778 1,799 0
Property and equipment write-off 681 1,004 104
Excess tax benefit from stock-based compensation (8,528) (28,406) (19,585)
Stock-based compensation expense 34,537 28,267 41,549
Deferred income tax benefit, net (5,792) (1,366) (12,740)
Provision for losses on accounts receivable 7,002 4,822 2,317
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (3,999) (12,353) (6,607)
Income taxes payable 11,380 24,542 29,295
Prepaid expenses and other current assets 367 (2,846) 2,934
Deposits and other assets 686 (157) 399
Accounts payable and other liabilities 9,938 6,078 (3,882)
Deferred revenue 3,817 3,972 1,708
Net cash provided by operating activities 131,245 143,909 108,298
Investing activities:      
Proceeds from sale and settlement of investments 1,900 5,675 76
Purchases of property and equipment and other assets (35,061) (27,444) (19,042)
Acquisitions, net of cash acquired (182,341) (584,218) 0
Net cash used in investing activities (215,502) (605,987) (18,966)
Financing activities:      
Proceeds from long-term debt 0 550,000 0
Payments of long-term debt (20,000) (318,125) (17,500)
Payments of debt issuance costs 0 (9,969) 0
Payments of deferred consideration 0 (1,344) (1,344)
Excess tax benefit from stock-based compensation 8,528 28,406 19,585
Repurchase of restricted stock to satisfy tax withholding obligations (16,436) (50,555) (8,469)
Proceeds from equity offering, net of transaction costs 0 529,360 0
Proceeds from exercise of stock options and employee stock purchase plan 7,404 5,740 18,133
Net cash provided by (used in) financing activities (20,504) 733,513 10,405
Effect of foreign currency exchange rates on cash and cash equivalents (433) (376) 189
Net increase (decrease) in cash and cash equivalents (105,194) 271,059 99,926
Cash and cash equivalents at beginning of year 527,012 255,953 156,027
Cash and cash equivalents at end of year $ 421,818 $ 527,012 $ 255,953