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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 200,324 $ 171,378
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 63,765 60,340
Amortization of debt issuance costs and discount 3,372 5,800
Amortization of accumulated other comprehensive loss on terminated interest rate swaps 3,100 1,651
Share-based compensation 18,765 20,321
Loss (earnings) from unconsolidated affiliates 5,612 (2,603)
Benefit from deferred income taxes (2,646) (375)
Excess income tax benefits from share-based award activities (5,096) (29,565)
Changes in operating assets and liabilities:    
Change in accounts receivable, unbilled services and unearned income (81,230) (177,494)
Change in other operating assets and liabilities (53,234) (63,023)
Net cash provided by (used in) operating activities 152,732 (13,570)
Investing activities:    
Acquisition of property, equipment and software (57,373) (31,924)
Purchase of trading securities (39,036)  
Proceeds from corporate owned life insurance policies 20,938  
Proceeds from sale of cost method investments 26,042  
Investments in unconsolidated affiliates, net of payments received (10,417) (3,431)
Termination of interest rate swaps   (10,981)
Other 290 870
Net cash used in investing activities (59,556) (45,466)
Financing activities:    
Proceeds from issuance of debt   2,248,500
Payment of debt issuance costs   (21,857)
Repayment of debt and principal payments on capital lease obligations (24,831) (2,035,051)
Stock issued under employee stock purchase and option plans 14,832 45,308
Repurchase of common stock (97,637) (250,000)
Excess income tax benefits from share-based award activities 5,096 29,565
Net cash (used in) provided by financing activities (102,540) 16,465
Effect of foreign currency exchange rate changes on cash (12,103) (21,172)
Decrease in cash and cash equivalents (21,467) (63,743)
Cash and cash equivalents at beginning of period 977,151 867,358
Cash and cash equivalents at end of period $ 955,684 $ 803,615