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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 100,627 $ 88,427
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,427 11,059
Amortization of operating lease right-of-use assets 2,835  
Stock-based compensation expense 11,125 7,601
Deferred taxes 1,631 1,448
Other (296) 1,014
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (8,883) (9,350)
(Increase) in prepaid expenses and other assets (131) (2,330)
Decrease (increase) in trading investments 8,854 (3,288)
(Decrease) in accrued employee compensation (12,384) (12,890)
(Decrease) in income and other tax liabilities (3,661) (1,164)
Increase in deferred revenue 1,000 935
(Decrease) increase in accounts payable, accrued expenses and other liabilities (877) 5,559
(Decrease) in operating lease liabilities (1,422)  
Net cash provided by operating activities 109,102 85,818
Cash flows from investing activities    
Proceeds from maturities and sales, available-for-sale investments 130,875 152,335
Purchases, available-for-sale investments (128,189) (159,192)
Purchases of furniture, equipment and leasehold improvements (6,114) (16,035)
Capitalization of software development costs (7,310) (6,536)
Other 2 16
Net cash (used in) investing activities (10,736) (29,412)
Cash flows from financing activities    
Cash dividend on common stock (38,323) (31,350)
Exercise of stock options 522 371
Withholding tax payments on restricted stock vesting and stock option exercises (12,061) (7,997)
Repurchases of common stock (8,670) (12,904)
Net cash (used in) financing activities (58,532) (51,880)
Effect of exchange rate changes on cash and cash equivalents 21 (854)
Cash and cash equivalents including restricted cash    
Net increase for the period 39,855 3,672
Beginning of period 247,458 167,014
End of period 287,313 170,686
Mutual Funds Held In Rabbi Trust [Member]    
Changes in operating assets and liabilities:    
Decrease (increase) in trading investments $ (1,743) $ (1,203)