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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 114,616 $ 93,007
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,066 13,546
Stock-based compensation expense 10,989 10,636
Deferred taxes 326 (1,387)
Other 1,290 10,044
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (12,535) (16,439)
(Increase) in prepaid expenses and other assets (4,503) (2,151)
(Decrease) in accrued employee compensation (3,756) (750)
(Decrease) in income and other tax liabilities (3,277) (843)
Increase in deferred revenue 676 694
(Decrease) increase in accounts payable, accrued expenses and other liabilities (2,917) 2,646
Net cash provided by operating activities 121,583 33,140
Cash flows from investing activities    
Proceeds from maturities and sales, available-for-sale investments 146,295 32,025
Purchases, available-for-sale investments (196,810) (42,495)
Purchases of furniture, equipment and leasehold improvements (7,245) (4,754)
Capitalization of software development costs (10,094) (9,058)
Other (53) 383
Net cash (used in) investing activities (67,907) (23,899)
Cash flows from financing activities    
Cash dividend on common stock (36,717) (28,914)
Exercise of stock options 1,640 2,172
Withholding tax payments on restricted stock vesting and stock option exercises (12,906) (5,929)
Repurchases of common stock (36,352) (13,874)
Net cash (used in) financing activities (84,335) (46,545)
Effect of exchange rate changes on cash and cash equivalents 1,408 (980)
Cash and cash equivalents    
Net (decrease) for the period (29,251) (38,284)
Beginning of period 168,243 199,728
End of period 138,992 161,444
Corporate Debt [Member]    
Changes in operating assets and liabilities:    
Decrease (increase) in trading securities 8,338 (74,535)
Mutual Funds Held In Rabbi Trust [Member]    
Changes in operating assets and liabilities:    
Decrease (increase) in trading securities $ (1,730) $ (1,328)