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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 407,728 $ 324,140
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 96,228 80,724
Deferred income tax (benefit) provision (12,542) (19,045)
Loss on disposal of assets 7,744 4,767
Bad debt allowance (27) (10)
Stock-based compensation expense 59,725 82,156
Excess tax benefit on stock-based compensation (74,861) (12,971)
Other 273 9
Changes in operating assets and liabilities:    
Accounts receivable 10,637 5,250
Inventory (2,212) (2,851)
Prepaid expenses and other current assets (3,028) 547
Other assets (3,967) (3,723)
Accounts payable 7,101 14,706
Accrued liabilities (7,434) 11,462
Income tax payable/receivable 77,858 41,274
Deferred rent 21,532 19,380
Other long-term liabilities 3,808 3,941
Net cash provided by operating activities 588,563 549,756
Investing activities    
Purchases of leasehold improvements, property and equipment (181,840) (160,400)
Purchases of investments (433,829) (390,632)
Maturities of investments 287,450 171,250
Net cash used in investing activities (328,219) (379,782)
Financing activities    
Acquisition of treasury stock (147,122) (63,405)
Excess tax benefit on stock-based compensation 74,862 12,971
Stock plan transactions and other financing activities (225) (69)
Net cash used in financing activities (72,485) (50,503)
Effect of exchange rate changes on cash and cash equivalents (3,162) (56)
Net change in cash and cash equivalents 184,697 119,415
Cash and cash equivalents at beginning of period 419,465 323,203
Cash and cash equivalents at end of period 604,162 442,618
Supplemental disclosures of cash flow information    
Increase (decrease) in purchases of leasehold improvements, property and equipment accrued in accounts payable and accrued liabilities $ (1,032) $ 13,804