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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 80,486 $ 62,089
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,483 9,221
Stock-based compensation expense 7,468 6,937
Deferred taxes 1,399 307
Other 740 9,219
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (4,669) (22,677)
(Increase) in prepaid expenses and other assets (9,407) (3,574)
(Decrease) in accrued employee compensation (11,703) (9,084)
(Decrease) in income and other tax liabilities (3,068) (1,856)
Increase in deferred revenue 561 294
(Decrease) increase in accounts payable, accrued expenses and other liabilities (441) 2,708
Net cash provided by (used in) operating activities 69,118 (20,096)
Cash flows from investing activities    
Proceeds from maturities and sales, available-for-sale investments 101,354 20,000
Purchases, available-for-sale investments (143,214) (8,065)
Purchases of furniture, equipment and leasehold improvements (5,777) (3,904)
Capitalization of software development costs (6,667) (6,142)
Other (33) 99
Net cash (used in) provided by investing activities (54,337) 1,988
Cash flows from financing activities    
Cash dividend on common stock (24,535) (19,313)
Exercise of stock options 1,338 2,138
Withholding tax payments on restricted stock vesting and stock option exercises (8,111) (5,585)
Repurchases of common stock (24,147) (5,400)
Net cash (used in) financing activities (55,455) (28,160)
Effect of exchange rate changes on cash and cash equivalents 574 (185)
Cash and cash equivalents    
Net (decrease) for the period (40,100) (46,453)
Beginning of period 168,243 199,728
End of period 128,143 153,275
Corporate Debt [Member]    
Changes in operating assets and liabilities:    
(Increase) in trading securities (111) (72,396)
Mutual Funds Held In Rabbi Trust [Member]    
Changes in operating assets and liabilities:    
(Increase) in trading securities $ (1,620) $ (1,284)