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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 127,021 $ 114,616
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,232 14,066
Stock-based compensation expense 11,551 10,989
Deferred taxes 162 326
Other 2,005 1,290
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (9,560) (12,535)
Decrease (increase) in prepaid expenses and other assets 97 (4,503)
(Decrease) in accrued employee compensation (5,034) (3,756)
(Decrease) in income and other tax liabilities (755) (3,277)
Increase in deferred revenue 1,125 676
Increase (decrease) in accounts payable, accrued expenses and other liabilities 4,614 (2,917)
Net cash provided by operating activities 153,812 121,583
Cash flows from investing activities    
Proceeds from maturities and sales, available-for-sale investments 256,301 146,295
Purchases, available-for-sale investments (260,318) (196,810)
Purchases of furniture, equipment and leasehold improvements (23,821) (7,245)
Capitalization of software development costs (9,171) (10,094)
Other 25 (53)
Net cash (used in) investing activities (36,984) (67,907)
Cash flows from financing activities    
Cash dividend on common stock (46,893) (36,717)
Exercise of stock options 1,387 1,640
Withholding tax payments on restricted stock vesting and stock option exercises (7,940) (12,906)
Repurchases of common stock (18,985) (36,352)
Net cash (used in) financing activities (72,431) (84,335)
Effect of exchange rate changes on cash and cash equivalents (1,326) 1,408
Cash and cash equivalents    
Net increase (decrease) for the period 43,071 (29,251)
Beginning of period 167,014 168,243
End of period 210,085 138,992
Corporate Debt [Member]    
Changes in operating assets and liabilities:    
Decrease (Increase) in trading securities 6,671 8,338
Mutual Funds Held In Rabbi Trust [Member]    
Changes in operating assets and liabilities:    
Decrease (Increase) in trading securities $ (1,317) $ (1,730)