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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2017
May 31, 2016
Cash flows from operating activities:    
Net income $ 73,190 $ 61,184
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,817 20,702
Amortization of debt discount and transaction costs 5,540 5,365
Share-based compensation expense 43,718 41,275
Deferred income taxes 7,917 (2,152)
Net amortization of bond premium on debt securities available for sale 2,436 3,540
Other 961 (765)
Changes in operating assets and liabilities:    
Accounts receivable 208,761 190,330
Prepaid expenses (7,708) (9,373)
Accounts payable and accrued expenses (55,338) (30,186)
Deferred revenue (45,717) (46,093)
Other 2,295 (1,530)
Net cash provided by operating activities 257,872 232,297
Cash flows from investing activities:    
Purchase of investment in debt securities available for sale (149,524) (134,601)
Proceeds from maturities of investment in debt securities available for sale 112,041 99,033
Proceeds from sales of investment in debt securities available for sale 14,324 18,149
Purchase of developed software and other intangible assets (1,774) (2,868)
Purchase of property and equipment (25,900) (17,653)
Other   (111)
Net cash used in investing activities (50,833) (38,051)
Cash flows from financing activities:    
Proceeds from exercise of common stock options 2,968 1,380
Proceeds from employee stock purchase program 11,761  
Payments related to net settlement of share-based compensation awards (41,010) (31,079)
Purchase of treasury stock (61,987) (66,478)
Payments on other borrowings (443) (445)
Other   500
Net cash used in financing activities (88,711) (96,122)
Effect of foreign currency exchange rates on cash and cash equivalents 21,321 5,663
Net increase in cash and cash equivalents 139,649 103,787
Cash and cash equivalents at beginning of the period 1,090,808 [1] 927,778
Cash and cash equivalents at end of the period $ 1,230,457 $ 1,031,565
[1] Derived from audited financial statements.