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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income $ 148,089 $ 126,172 $ 96,037
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,274 17,838 18,542
Stock-based compensation expense 14,421 14,511 12,519
Deferred taxes 6,590 (2,581) (2,424)
Other 1,953 10,628 6,359
Changes in operating assets and liabilities:      
(Increase) in accounts receivable (2,353) (10,429) (6,748)
(Increase) in prepaid expenses and other assets (7,039) (2,125) (2,662)
Increase in accrued employee compensation 1,719 5,487 3,986
Increase (decrease) in income and other tax liabilities 5,770 3,221 (941)
Increase (decrease) in deferred revenue 145 203 (153)
(Decrease) increase in accounts payable, accrued expenses and other liabilities (1,614) 2,344 (9)
Net cash provided by operating activities 168,035 89,747 124,506
Cash flows from investing activities      
Proceeds from maturities and sales, available-for-sale investments 187,794 46,347 35,248
Purchase, available-for-sale investments (215,831) (81,438) (57,175)
Purchases of furniture, equipment and leasehold improvements (12,086) (6,385) (4,795)
Capitalization of software development costs (13,471) (12,118) (10,589)
Other (59) 414 (642)
Net cash (used in) investing activities (53,653) (53,180) (37,953)
Cash flows from financing activities      
Cash dividend on common stock (48,888) (38,495) (29,534)
Exercise of stock options 1,972 2,299 1,824
Withholding tax payments on restricted stock vesting and stock option exercises (27,691) (5,173) (4,496)
Repurchases of common stock (42,461) (23,925) (23,158)
Net cash (used in) financing activities (117,068) (65,294) (55,364)
Effect of exchange rate changes on cash and cash equivalents 1,457 (2,758) (385)
Cash and cash equivalents      
Net (decrease) increase for the period (1,229) (31,485) 30,804
Beginning of period 168,243 199,728 168,924
End of period 167,014 168,243 199,728
Supplemental cash flow information:      
Cash paid during the year for income taxes 43,997 58,268 $ 50,875
Corporate Debt [Member]      
Changes in operating assets and liabilities:      
(Increase) in trading securities (17,081) (74,195)  
Mutual Funds Held In Rabbi Trust [Member]      
Changes in operating assets and liabilities:      
(Increase) in trading securities $ (1,839) $ (1,327)