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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income (loss) $ (836) $ 262,845
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 70,862 63,083
Deferred income tax (benefit) provision 3,789 (13,032)
Loss on disposal of assets 5,403 5,588
Bad debt allowance (120) (27)
Stock-based compensation expense 30,038 38,729
Excess tax benefit on stock-based compensation (1,982) (58,058)
Other (352) 229
Changes in operating assets and liabilities:    
Accounts receivable 15,201 9,093
Inventory (1,921) (1,205)
Prepaid expenses and other current assets (12,267) (4,915)
Other assets 1,832 (4,483)
Accounts payable (13,675) 14,111
Accrued liabilities 31,973 5,083
Income tax payable/receivable 34,919 66,694
Deferred rent 16,944 13,512
Other long-term liabilities (143) 3,883
Net cash provided by operating activities 179,665 401,130
Investing activities    
Purchases of leasehold improvements, property and equipment (126,712) (114,395)
Purchases of investments 0 (273,907)
Maturities of investments 45,000 216,000
Proceeds from Sale of Investments 540,648 0
Net cash provided by (used in) investing activities 458,936 (172,302)
Financing activities    
Acquisition of treasury stock (700,036) (116,322)
Excess tax benefit on stock-based compensation 1,982 58,058
Stock plan transactions and other financing activities 12 (175)
Net cash used in financing activities (698,042) (58,439)
Effect of exchange rate changes on cash and cash equivalents 1,396 (2,169)
Net change in cash and cash equivalents (58,045) 168,220
Cash and cash equivalents at beginning of period 248,005 419,465
Cash and cash equivalents at end of period $ 189,960 $ 587,685