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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 105,957 $ 68,895
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,243 42,698
Amortization of right of use asset 4,461 4,989
Stock-based compensation expense 32,890 24,153
Impairment charge 0 12,736
Change in long-term retirement benefit obligations (12,215) (13,760)
Other – net (2,371) (1,360)
Changes in operating assets and liabilities:    
Accounts receivable – net 61,208 58,542
Other assets 1,094 (2,517)
Accounts payable, accrued payroll and other liabilities (103,632) (79,306)
Unexpired subscriptions 2,132 1,051
Other noncurrent assets and liabilities 2,543 3,661
Net cash provided by operating activities 133,310 119,782
Cash flows from investing activities    
Purchases of marketable securities (185,040) (43,643)
Maturities of marketable securities 101,562 47,103
Capital expenditures (14,054) (10,792)
Other – net 1,362 2,302
Net cash used in investing activities (96,170) (5,030)
Long-term obligations:    
Dividends paid (40,032) (33,195)
Payment of contingent consideration (1,724) (1,724)
Capital shares:    
Repurchases (42,004) (43,591)
Share-based compensation tax withholding (18,582) (11,649)
Net cash used in financing activities (102,342) (90,159)
Net (decrease)/increase in cash, cash equivalents and restricted cash (65,202) 24,593
Effect of exchange rate changes on cash (964) (29)
Cash, cash equivalents and restricted cash at the beginning of the period 303,172 235,173
Cash, cash equivalents and restricted cash at the end of the period $ 237,006 $ 259,737