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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income $ 175,635 $ 183,766 $ 182,801
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of intangibles 47,131 39,412 34,442
Stock-based compensation expense 46,149 38,845 34,735
Excess tax benefits from employee stock-based compensation exercises (13,860) (20,193) (25,392)
Deferred taxes 344 (759) 16,663
Amortization and write-off of debt issue costs 1,512 2,645 2,710
Changes in assets and liabilities:      
Fees receivable, net (44,476) (76,424) (28,097)
Deferred commissions (13,236) (12,340) (18,608)
Prepaid expenses and other current assets (13,268) (3,017) (1,187)
Other assets (14,733) (7,139) (5,268)
Deferred revenues 91,840 105,354 80,938
Accounts payable, accrued, and other liabilities 82,523 96,629 41,917
Cash provided by operating activities 345,561 346,779 315,654
Investing activities:      
Additions to property, equipment and leasehold improvements (46,128) (38,486) (36,498)
Acquisitions (net of cash acquired) (170,604) (109,928) 0
Acquisitions - increase in restricted cash (escrow) (25,625) (14,363) 0
Cash used in investing activities (242,357) (162,777) (36,498)
Financing activities:      
Proceeds from employee stock-based compensation plans and ESP Plan 7,499 7,767 6,042
Proceeds from borrowings 440,000 400,000 205,625
Payments on debt (20,000) (200,000) (205,625)
Purchases of treasury stock (509,049) (432,006) (181,736)
Fees paid for debt refinancing 0 (4,624) (3,553)
Excess tax benefits from employee stock-based compensation exercises 13,860 20,193 25,392
Cash used by financing activities (67,690) (208,670) (153,855)
Net increase (decrease) in cash and cash equivalents 35,514 (24,668) 125,301
Effects of exchange rates on cash and cash equivalents (27,840) (34,020) (1,163)
Cash and cash equivalents, beginning of period 365,302 423,990 299,852
Cash and cash equivalents, end of period 372,976 365,302 423,990
Cash paid during the period for:      
Interest 21,200 10,600 8,500
Income taxes, net of refunds received $ 83,500 $ 70,100 $ 50,767