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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 126,172 $ 96,037 $ 74,806
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 17,838 18,542 17,379
Stock-based compensation expense 14,511 12,519 9,769
Deferred taxes (2,581) (2,424) (374)
Other 1,170 2,049 1,725
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (10,429) (6,748) 827
(Increase) decrease in prepaid expenses and other assets (2,125) (2,662) 3,344
Increase in accrued employee compensation 5,487 3,986 1,309
Increase (decrease) in income and other tax liabilities 3,221 (941) 2,365
Increase (decrease) in deferred revenue 203 (153) (248)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 2,344 (9) (950)
Net cash provided by operating activities 80,289 120,196 109,952
Cash flows from investing activities      
Proceeds from maturities and sales, available-for-sale investments 46,347 35,248 17,574
Purchase, available-for-sale investments (81,438) (57,175) (16,423)
Purchases of furniture, equipment and leasehold improvements (6,385) (4,795) (4,627)
Capitalization of software development costs (12,118) (10,589) (10,160)
Other 414 (642) 611
Net cash (used in) investing activities (53,180) (37,953) (13,025)
Cash flows from financing activities      
Cash dividend on common stock (38,495) (29,534) (23,941)
Exercise of stock options 2,299 1,824 2,511
Withholding tax payments on restricted stock vesting and stock option exercises (5,173) (4,496) (5,020)
Excess tax benefits from stock-based compensation 9,458 4,310 4,243
Repurchases of common stock (23,925) (23,158) (37,974)
Other     (42)
Net cash (used in) financing activities (55,836) (51,054) (60,223)
Effect of exchange rate changes on cash and cash equivalents (2,758) (385) (471)
Cash and cash equivalents      
Net (decrease) increase for the period (31,485) 30,804 36,233
Beginning of period 199,728 168,924 132,691
End of period 168,243 199,728 168,924
Cash paid during the year      
Cash paid for income taxes 58,268 $ 50,875 $ 33,627
Corporate Debt [Member]      
Changes in operating assets and liabilities:      
(Increase) in trading securities (74,195)    
Mutual Funds Held In Rabbi Trust [Member]      
Changes in operating assets and liabilities:      
(Increase) in trading securities $ (1,327)