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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 88,427 $ 80,486
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,059 9,483
Stock-based compensation expense 7,601 7,468
Deferred taxes 1,448 1,399
Other 1,014 740
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (9,350) (4,669)
(Increase) in prepaid expenses and other assets (2,330) (9,407)
(Decrease) in accrued employee compensation (12,890) (11,703)
(Decrease) in income and other tax liabilities (1,164) (3,068)
Increase in deferred revenue 935 561
Increase (decrease) in accounts payable, accrued expenses and other liabilities 5,559 (441)
Net cash provided by operating activities 85,818 69,118
Cash flows from investing activities    
Proceeds from maturities and sales, available-for-sale investments 152,335 101,354
Purchases, available-for-sale investments (159,192) (143,214)
Purchases of furniture, equipment and leasehold improvements (16,035) (5,777)
Capitalization of software development costs (6,536) (6,667)
Other 16 (33)
Net cash (used in) investing activities (29,412) (54,337)
Cash flows from financing activities    
Cash dividend on common stock (31,350) (24,535)
Exercise of stock options 371 1,338
Withholding tax payments on restricted stock vesting and stock option exercises (7,997) (8,111)
Repurchases of common stock (12,904) (24,147)
Net cash (used in) financing activities (51,880) (55,455)
Effect of exchange rate changes on cash and cash equivalents (854) 574
Cash and cash equivalents    
Net increase (decrease) for the period 3,672 (40,100)
Beginning of period 167,014 168,243
End of period 170,686 128,143
Corporate Debt [Member]    
Changes in operating assets and liabilities:    
(Increase) in trading securities (3,288) (111)
Mutual Funds Held In Rabbi Trust [Member]    
Changes in operating assets and liabilities:    
(Increase) in trading securities $ (1,203) $ (1,620)