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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 48,888 $ 61,733 $ 51,565
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 38,984 34,580 31,465
Stock-based compensation expense 23,041 19,770 16,047
Unrealized foreign exchange (gain)/loss 1,523 (1,001) (3,798)
Deferred income tax (benefit)/expense 731 (3,384) 2,238
Excess tax benefit from stock-based compensation 0 (4,326) (1,458)
Change in fair value of earn-out consideration 0 (4,060) 0
Allowance for doubtful accounts receivable 2,816 0 0
Others, net 252 (107) (278)
Change in operating assets and liabilities (net of effect of acquisitions):      
Restricted cash (19) (2,137) (787)
Accounts receivable (20,482) (18,062) (9,087)
Prepaid expenses and other current assets 218 (5,421) (3,112)
Accounts payable 1,706 (2,628) 44
Deferred revenue (6,625) 5,726 2,566
Accrued employee costs 6,391 5,304 8,528
Accrued expenses and other liabilities 6,903 9,080 (4,699)
Advance income tax, net 11,037 437 8,865
Other assets (2,224) 4,754 (1,408)
Net cash provided by operating activities 113,140 100,258 96,691
Cash flows from investing activities:      
Purchase of property and equipment (35,154) (25,850) (25,585)
Investment in equity affiliate (3,000) 0 0
Business acquisitions (net of cash acquired) (23,300) (28,666) (44,270)
Purchase of investments (402,721) (182,471) (129,050)
Proceeds from redemption of investments 241,439 182,320 125,365
Net cash used for investing activities (222,736) (54,667) (73,540)
Cash flows from financing activities:      
Principal payments on capital lease obligations (174) (348) (720)
Proceeds from borrowings 60,574 0 30,000
Repayments of borrowings (45,192) (25,000) (10,000)
Proceeds from non-controlling interest 0 0 176
Payment of debt issuance costs (790) 0 (74)
Acquisition of treasury stock (43,454) (18,203) (14,195)
Proceeds from exercise of stock options 8,561 6,499 3,375
Excess tax benefit from stock-based compensation 0 4,326 1,458
Net cash (used for)/provided by financing activities (20,475) (32,726) 10,020
Effect of exchange rate changes on cash and cash equivalents 3,711 (5,033) (4,347)
Net increase/(decrease) in cash and cash equivalents (126,360) 7,832 28,824
Cash and cash equivalents, beginning of year 213,155 205,323 176,499
Cash and cash equivalents, end of year 86,795 213,155 205,323
Supplemental disclosure of cash flow information:      
Cash paid for interest 1,122 1,178 1,188
Cash paid for taxes, net of refund 19,128 15,667 11,505
Assets acquired under capital lease $ 301 $ 334 $ 215