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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 47,940 $ 42,463
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,269 4,693
Stock-based compensation expense 3,951 3,943
Deferred taxes 2,061 1,827
Other (186) 393
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (14,955) (6,113)
Decrease (increase) in prepaid expenses and other assets 852 (2,146)
(Decrease) in accrued employee compensation (20,891) (20,911)
Increase in income and other tax liabilities 4,304 7,366
Increase in deferred revenue 894 675
Increase in accounts payable, accrued expenses and other liabilities 307 1,074
Net cash provided by operating activities 31,439 30,549
Cash flows from investing activities    
Proceeds from maturities and sales, available-for-sale investments 51,002 46,485
Purchases, available-for-sale investments (57,839) (68,166)
Purchases of furniture, equipment and leasehold improvements (2,278) (4,149)
Capitalization of software development costs (3,590) (3,172)
Other (24) (5)
Net cash (used in) investing activities (12,729) (29,007)
Cash flows from financing activities    
Cash dividend on common stock (15,814) (12,356)
Exercise of stock options 258 500
Withholding tax payments on restricted stock vesting and stock option exercises (7,621) (7,642)
Repurchases of common stock (6,268) (12,207)
Net cash (used in) financing activities (29,445) (31,705)
Effect of exchange rate changes on cash and cash equivalents (110) (425)
Cash and cash equivalents    
Net (decrease) for the period (10,845) (30,588)
Beginning of period 167,014 168,243
End of period 156,169 137,655
Corporate Debt [Member]    
Changes in operating assets and liabilities:    
Decrease (increase) in trading securities 3,054 (1,196)
Mutual Funds Held In Rabbi Trust [Member]    
Changes in operating assets and liabilities:    
Decrease (increase) in trading securities $ (1,161) $ (1,519)