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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 172,852 $ 148,089 $ 126,172
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 23,080 19,274 17,838
Stock-based compensation expense 15,850 14,421 14,511
Deferred taxes (1,258) 6,590 (2,581)
Other 2,338 1,953 10,628
Changes in operating assets and liabilities:      
(Increase) in accounts receivable (5,117) (2,353) (10,429)
(Increase) in prepaid expenses and other assets (3,791) (7,039) (2,125)
Decrease (Increase) in trading securities 856 (17,081) (74,195)
Increase in accrued employee compensation 2,551 1,719 5,487
Increase in income and other tax liabilities 2,965 5,770 3,221
Increase in deferred revenue 150 145 203
Increase (decrease) in accounts payable, accrued expenses and other liabilities 14,374 (1,614) 2,344
Net cash provided by operating activities 223,917 168,035 89,747
Cash flows from investing activities      
Proceeds from maturities and sales, available-for-sale investments 333,791 187,794 46,347
Purchases, available-for-sale investments (336,533) (215,831) (81,438)
Purchases of furniture, equipment and leasehold improvements (35,888) (12,086) (6,385)
Capitalization of software development costs (11,705) (13,471) (12,118)
Other 39 (59) 414
Net cash (used in) investing activities (50,296) (53,653) (53,180)
Cash flows from financing activities      
Cash dividend on common stock (62,432) (48,888) (38,495)
Exercise of stock options 2,973 1,972 2,299
Withholding tax payments on restricted stock vesting and stock option exercises (8,043) (27,691) (5,173)
Repurchases of common stock (25,171) (42,461) (23,925)
Net cash (used in) financing activities (92,673) (117,068) (65,294)
Effect of exchange rate changes on cash and cash equivalents (1,640) 1,457 (2,758)
Cash and cash equivalents including restricted cash      
Net increase (decrease) for the period 79,308 (1,229) (31,485)
Beginning of period 168,150 169,379 200,864
End of period 247,458 168,150 169,379
Supplemental cash flow information:      
Cash paid during the year for income taxes 47,208 43,997 58,268
Mutual Funds Held In Rabbi Trust [Member]      
Changes in operating assets and liabilities:      
Decrease (Increase) in trading securities $ (933) $ (1,839) $ (1,327)