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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 61,733 $ 51,565 $ 32,445
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 34,580 31,465 28,028
Stock-based compensation expense 19,770 16,047 11,011
Unrealized foreign exchange gain (1,001) (3,798) (424)
Deferred income taxes (3,384) 2,238 76
Excess tax benefit from stock-based compensation (4,326) (1,458) (1,181)
Change in fair value of earn-out consideration (4,060) 0 0
Others, net (107) (278) 295
Change in operating assets and liabilities (net of effect of acquisitions):      
Restricted cash (2,137) (787) (747)
Accounts receivable (18,062) (9,087) 3,261
Prepaid expenses and other current assets (5,421) (3,112) (3,930)
Accounts payable (2,628) 44 (146)
Deferred revenue 5,726 2,566 (947)
Accrued employee costs 5,304 8,528 179
Accrued expenses and other liabilities 9,080 (4,699) 8,426
Advance income tax, net 437 8,865 (7,841)
Other assets 4,754 (1,408) (1,846)
Net cash provided by operating activities 100,258 96,691 66,659
Cash flows from investing activities:      
Purchase of property, plant and equipment (25,850) (25,585) (27,678)
Business acquisition (net of cash acquired) (28,666) (44,270) (58,185)
Purchase of short-term investments (182,471) (129,050) (9,134)
Proceeds from redemption of short-term investments 182,320 125,365 6,735
Net cash used for investing activities (54,667) (73,540) (88,262)
Cash flows from financing activities:      
Principal payments on capital lease obligations (348) (720) (967)
Proceeds from borrowings 0 30,000 50,000
Repayments of borrowings (25,000) (10,000) 0
Proceeds from non-controlling interest 0 176 0
Payment of debt issuance costs 0 (74) (405)
Acquisition of treasury stock (18,203) (14,195) (3,322)
Proceeds from exercise of stock options 6,499 3,375 6,459
Excess tax benefit from stock-based compensation 4,326 1,458 1,181
Net cash (used for)/provided by financing activities (32,726) 10,020 52,946
Effect of exchange rate changes on cash and cash equivalents (5,033) (4,347) (2,909)
Net increase in cash and cash equivalents 7,832 28,824 28,434
Cash and cash equivalents, beginning of year 205,323 176,499 148,065
Cash and cash equivalents, end of year 213,155 205,323 176,499
Supplemental disclosure of cash flow information:      
Cash paid for interest 1,178 1,188 355
Cash paid for taxes, net of refund 15,667 11,505 11,204
Assets acquired under capital lease $ 334 $ 215 $ 366