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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 195,621 $ 273,371 $ 149,279
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 37,369 35,048 34,746
Loss on disposal or abandonment of property, equipment and software 646 354 585
Deferred tax expense (benefit) 9,055 (2,262) 818
Compensation expense related to share-based payments 22,868 19,635 15,936
Non-cash interest expense 11,454 10,646 9,974
Gain on sale of intangible assets   (4,000)  
Gain on sale of contract rights     (5,810)
Amortization (accretion) of investment premiums (discounts) and other 15,039 9,219 (167)
Changes in assets and liabilities (decreasing) increasing cash flows from operations:      
Premium receivables (23,307) 21,664 (18,272)
Prepaid expenses, provider and other receivables and other current assets (28,487) (10,818) (2,310)
Other assets (1,820) (691) (1,146)
Claims payable 62,773 (18,361) (7,071)
Accounts payable, accrued expenses, contractual refunds payable and other current liabilities 9,624 61,967 (43,758)
Unearned revenue (102,287) 4,769 15,710
Other long-term liabilities (559) 1,408 (1,480)
Net cash provided by operating activities 207,989 401,949 147,034
Cash flows from investing activities:      
Proceeds from sale of trading securities   12,000 5,850
Proceeds from sale or call of available-for-sale securities 1,069,141 1,063,119 299,239
Purchase of available-for-sale securities (1,713,571) (1,104,496) (648,670)
Proceeds from redemption of held-to-maturity securities     273,125
Purchase of held-to-maturity securities     (194,851)
Proceeds from redemption of investments on deposit for licensure 132,963 86,345 72,164
Purchase of investments on deposit for licensure (145,879) (98,737) (79,574)
Purchase of property, equipment and software (49,847) (29,463) (29,738)
Proceeds from sale of intangible assets   4,000  
Proceeds from sale of contract rights     5,810
Purchase of contract rights and related assets   (13,420)  
Net cash used in investing activities (707,193) (80,652) (296,645)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 400,000    
Issuance costs of long-term debt (5,793)    
Repayment of convertible notes principal (120)    
Payment of conversion premium on converted notes (82)    
Proceeds from convertible notes hedge instruments 82    
Repayment of borrowings under credit facility     (44,318)
Net (decrease) increase in bank overdrafts (10,691) 40,890 (2,492)
Customer funds administered 3,160 4,821 (2,725)
Proceeds from exercise of stock options and employee stock purchases 52,554 26,466 10,698
Repurchase of common stock shares (175,718) (138,540) (69,751)
Tax benefit related to share-based payments 18,677 3,097 842
Net cash provided by (used in) financing activities 282,069 (63,266) (107,746)
Net (decrease) increase in cash and cash equivalents (217,135) 258,031 (257,357)
Cash and cash equivalents at beginning of year 763,946 505,915 763,272
Cash and cash equivalents at end of year 546,811 763,946 505,915
Supplemental disclosures of cash flow information:      
Cash paid for interest 5,348 5,380 6,302
Cash paid for income taxes 110,255 169,890 51,745
Supplemental disclosures of non-cash information:      
Auction rate securities pending settlement 3,439    
Employee stock relinquished for payment of taxes (6,349) (1,795) (591)
Employee stock relinquished for stock option exercises     (344)
Transfer of held-to-maturity securities to available-for-sale securities     424,237
Transfer of held-to-maturity investments on deposit to available-for-sale investment on deposit     98,458
Unrealized gain on held-to-maturity investment portfolio at time of transfer to available-for-sale, net of tax     3,030
Unrealized gain (loss) on available-for-sale securities, net of tax $ 11,315 $ (727) $ 2,346