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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,790 $ 17,350
Adjustments to reconcile net income to net cash used in operating activities:    
Allowance for credit losses 1,611 1,232
Depreciation 12,285 13,006
Amortization of cloud computing implementation costs 6,171 8,308
Amortization of intangible assets 214 304
Realized and unrealized (income) loss from investments held in employee deferred compensation trusts 9,947 22,111
Stock-based compensation 11,259 16,705
Deferred income taxes 10,778 3,967
Changes in operating assets and liabilities:    
Accounts receivable (31,610) (8,305)
Capitalized cloud computing implementation costs (8,289) (6,160)
Accounts payable and accrued expenses (15,678) (23,244)
Accrued payroll and benefit costs (66,148) (48,462)
Employee deferred compensation plan obligations (33,670) (29,948)
Income taxes payable 1,377 3,784
Other assets and liabilities, net (24,376) (29,995)
Net cash flows used in operating activities (112,339) (59,347)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (8,495) (12,394)
Investments in employee deferred compensation trusts (25,436) (42,420)
Proceeds from employee deferred compensation trust redemptions 30,649 22,106
Net cash flows used in investing activities (3,282) (32,708)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (6,119) (49,935)
Dividends paid (61,719) (61,290)
Net cash flows used in financing activities (67,838) (111,225)
Effect of exchange rate fluctuations (2,589) 8,170
Change in cash and cash equivalents (186,048) (195,110)
Cash and cash equivalents at beginning of period 464,435 537,583
Cash and cash equivalents at end of period 278,387 342,473
Non-cash items:    
Fund exchanges within employee deferred compensation trusts $ 42,063 $ 53,230