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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 101,234 $ 197,308
Adjustments to reconcile net income to net cash provided by operating activities:    
Allowance for credit losses 3,800 2,481
Depreciation 37,893 38,713
Amortization of cloud computing implementation costs 23,234 27,537
Amortization of intangible assets 1,350 913
Realized and unrealized gains from investments held in employee deferred compensation trusts (77,430) (80,634)
Stock-based compensation 45,153 48,115
Deferred income taxes 26,604 (9,782)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (43,910) (25,946)
Capitalized cloud computing implementation costs (20,835) (22,879)
Accounts payable and accrued expenses (23,014) 5,266
Accrued payroll and benefit costs 5,753 (9,869)
Employee deferred compensation plan obligations 72,901 91,177
Income taxes payable (7,744) (4,688)
Other assets and liabilities, net (7,557) (2,076)
Net cash flows provided by operating activities 137,432 255,636
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (41,408) (42,012)
Investments in employee deferred compensation trusts (57,806) (50,220)
Proceeds from employee deferred compensation trust redemptions 47,315 34,391
Payments for acquisitions, net of cash acquired (10,722) (264)
Net cash flows used in investing activities (62,621) (58,105)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (92,069) (195,548)
Dividends paid (179,549) (166,269)
Net cash flows used in financing activities (271,618) (361,817)
Effect of exchange rate fluctuations 24,513 3,012
Change in cash and cash equivalents (172,294) (161,274)
Cash and cash equivalents at beginning of period 537,583 731,740
Cash and cash equivalents at end of period 365,289 570,466
Non-cash items:    
Fund exchanges within employee deferred compensation trusts 137,458 72,190
Contingent consideration related to acquisitions $ 2,684 $ 0