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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 40,774 $ 42,190
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for losses on accounts receivable 447 28
Depreciation & amortization 5,111 5,074
Stock-based compensation expense 4,295 4,402
Deferred income taxes 723 (383)
Excess tax benefits from stock-based compensation 0 435
Loss on disposal of property and equipment 44 7
Changes in operating assets and liabilities    
(Increase) in trade accounts receivable, net (1,492) (1,688)
(Increase) decrease in prepaid expenses & other current assets 3,253 (1,866)
(Increase) in other assets (1,515) (31)
Increase (decrease) in accounts payable (5,907) 10,192
Increase (decrease) in accrued expenses 1,397 (363)
Increase in other current liabilities 660 155
Increase in other long-term liabilities 806 1,564
Net cash provided by operating activities 48,596 59,716
Cash flows from investing activities    
Purchases of property and equipment (3,319) (3,927)
Proceeds from sale of property and equipment 7 6
Capitalized internal use software development costs (2,632) (1,762)
Net cash used in investing activities (5,944) (5,683)
Cash flows from financing activities    
Cash dividends on common stock (16,043) 0
Proceeds from employee common stock purchases 1,330 1,114
Tax withholdings related to stock-based compensation awards (2,651) (2,105)
Net cash used in financing activities (17,364) (991)
Net increase in cash 25,288 53,042
Cash, beginning of period 127,009 98,388
Cash, end of period 152,297 151,430
Non-cash investing activities:    
Capital expenditures accrued but not yet paid 88 0
Cash payments:    
Income taxes paid 18,490 17,268
Cash dividends on common stock previously restricted for payment of dividend $ 0 $ 36,456