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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 76,388 $ 88,132
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 58,374 53,781
Amortization of operating lease assets 42,961 38,105
Deferred income tax provision 27,343 1,772
Impairment, closure costs, and asset disposals 8,805 4,085
Provision for credit losses (90) 206
Stock-based compensation expense 17,395 19,154
Other 707 (1,269)
Changes in operating assets and liabilities:    
Accounts receivable 25,967 15,946
Inventory 2,734 2,781
Prepaid expenses and other current assets (4,158) (3,712)
Other assets (5,133) 242
Accounts payable 20,245 (4,256)
Accrued payroll and benefits 5,839 5,853
Accrued liabilities (9,389) (4,773)
Unearned revenue (15,924) (13,386)
Income tax payable/receivable (29,179) 16,054
Operating lease liabilities (40,918) (36,492)
Other long-term liabilities 104 358
Net cash provided by operating activities 182,071 182,581
Investing activities    
Purchases of leasehold improvements, property and equipment (77,653) (64,226)
Purchases of investments (80,746) (89,111)
Maturities of investments 99,037 60,000
Net cash used in investing activities (59,362) (93,337)
Financing activities    
Acquisition of treasury stock (54,401) (52,886)
Tax withholding on stock-based compensation awards (47,630) (10,368)
Stock plan transactions and other financing activities (69) (277)
Net cash used in financing activities (102,100) (63,531)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (819) 178
Net change in cash, cash equivalents, and restricted cash 19,790 25,891
Cash, cash equivalents and restricted cash at beginning of period 508,481 280,152
Cash, cash equivalents and restricted cash at end of period 528,271 306,043
Supplemental disclosures of cash flow information    
Income taxes paid (refunded) (14)  
Income taxes paid (refunded)   7,361
Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities 33,757 22,386
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 0 $ 1,600