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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 70,630 $ 50,424
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,035 6,883
Amortization 11,834 22,171
Stock-based compensation expense 18,034 4,386
Amortization of debt issuance costs and discount 954 471
Noncash lease expense 7,212 0
Deferred income tax provision 2,839 7,260
Amortization and adjustment of deferred credit (601) (7,515)
Other 1,768 487
Changes in assets and liabilities:    
Accounts receivable and unbilled, net (5,982) (12,845)
Prepaid expenses and other current assets (9,039) (2,542)
Accounts payable 2,818 (1,323)
Accrued expenses 15,427 21,613
Advanced billings 21,901 28,277
Lease liabilities (6,477) 0
Other assets and liabilities, net 7,574 (605)
Net cash provided by operating activities 144,927 117,142
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment expenditures (12,152) (12,575)
Other (1,262) (186)
Net cash used in investing activities (13,414) (12,761)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from stock option exercises 5,686 1,810
Payment of debt (80,438) (38,156)
Payments on revolving loan 0 (70,000)
Payment of deemed landlord liability 0 (1,387)
Net cash used in financing activities (74,752) (107,733)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (753) (889)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 56,008 (4,241)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period 23,282 26,492
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period $ 79,290 $ 22,251