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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 58,318 $ 131,857
Adjustments to reconcile net income to net cash provided by operating activities:    
Allowance for credit losses 2,699 565
Depreciation 25,608 25,520
Amortization of cloud computing implementation costs 16,274 18,586
Amortization of intangible assets 825 608
Realized and unrealized gains from investments held in employee deferred compensation trusts (32,488) (54,411)
Stock-based compensation 31,235 32,408
Deferred income taxes 1,594 (4,227)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (30,562) (42,521)
Capitalized cloud computing implementation costs (13,217) (15,557)
Accounts payable and accrued expenses (25,387) 7,276
Accrued payroll and benefit costs 11,724 (22,558)
Employee deferred compensation plan obligations 21,548 55,077
Income taxes payable 4,089 1,834
Other assets and liabilities, net (12,230) (8,422)
Net cash flows provided by operating activities 60,030 126,035
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (27,573) (24,174)
Investments in employee deferred compensation trusts (51,135) (42,718)
Proceeds from employee deferred compensation trust redemptions 40,081 29,695
Payments for acquisitions, net of cash acquired (10,114) (264)
Net cash flows used in investing activities (48,741) (37,461)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (70,999) (146,191)
Dividends paid (120,659) (112,248)
Net cash flows used in financing activities (191,658) (258,439)
Effect of exchange rate fluctuations 23,333 (14,505)
Change in cash and cash equivalents (157,036) (184,370)
Cash and cash equivalents at beginning of period 537,583 731,740
Cash and cash equivalents at end of period 380,547 547,370
Non-cash items:    
Repurchases of common stock awaiting settlement 1,029 0
Fund exchanges within employee deferred compensation trusts 95,312 47,518
Contingent consideration related to acquisitions $ 3,272 $ 26