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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 52,522 $ 47,940
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,082 5,269
Amortization of operating lease right-of-use assets 1,291  
Stock-based compensation expense 5,196 3,951
Deferred taxes 2,022 2,061
Other (587) (186)
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (13,453) (14,955)
Decrease in prepaid expenses and other assets 5,264 852
Decrease (Increase) in trading securities 6,015 3,054
(Decrease) in accrued employee compensation (22,354) (20,891)
Increase in income and other tax liabilities 2,267 4,304
Increase in deferred revenue 735 894
(Decrease) increase in accounts payable, accrued expenses and other liabilities (3,764) 307
(Decrease) in operating lease liabilities (321)  
Net cash provided by operating activities 39,369 31,439
Cash flows from investing activities    
Proceeds from maturities and sales, available-for-sale investments 67,603 51,002
Purchases, available-for-sale investments (53,193) (57,839)
Purchases of furniture, equipment and leasehold improvements (649) (2,278)
Capitalization of software development costs (3,184) (3,590)
Other (15) (24)
Net cash provided by (used in) investing activities 10,562 (12,729)
Cash flows from financing activities    
Cash dividend on common stock (19,412) (15,814)
Exercise of stock options 172 258
Withholding tax payments on restricted stock vesting and stock option exercises (11,803) (7,621)
Repurchases of common stock (5,184) (6,268)
Net cash (used in) financing activities (36,227) (29,445)
Effect of exchange rate changes on cash and cash equivalents 943 (110)
Cash and cash equivalents including restricted cash    
Net increase (decrease) for the period 14,647 (10,845)
Beginning of period 247,458 168,150
End of period 262,105 157,305
Mutual Funds Held In Rabbi Trust [Member]    
Changes in operating assets and liabilities:    
Decrease (Increase) in trading securities $ (1,546) $ (1,161)