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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 109,798 $ 96,167
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 342 463
Depreciation expense 15,652 16,253
Stock-based compensation expense—restricted stock and stock units 11,244 10,556
Deferred income taxes 5,736 1,695
Provision for doubtful accounts 2,325 1,778
Changes in assets and liabilities:    
Increase in accounts receivable (35,294) (49,794)
Increase in accounts payable, accrued expenses, accrued payroll and benefit costs 1,398 13,527
Increase in income taxes payable 17,470 27,068
Change in other assets, net of change in other liabilities (1,592) (1,495)
Net cash flows provided by operating activities 127,079 116,218
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (12,670) (7,965)
Payments to trusts for employee deferred compensation plans (10,410) (10,585)
Net cash flows used in investing activities (23,080) (18,550)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (72,343) (68,489)
Cash dividends paid (37,887) (34,919)
Payments for notes payable and other indebtedness (49) (44)
Net cash flows used in financing activities (110,279) (103,452)
Effect of exchange rate changes on cash and cash equivalents (654) 3,018
Net decrease in cash and cash equivalents (6,934) (2,766)
Cash and cash equivalents at beginning of period 276,579 294,753
Cash and cash equivalents at end of period 269,645 291,987
Non-cash items:    
Stock repurchases awaiting settlement $ 7,332 $ 0