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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 40,167 $ 28,351
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles 15,017 10,128
Stock-based compensation plan expense 15,495 16,729
Excess tax benefits from stock-based compensation plans (4,751) (7,556)
Deferred taxes (2,191) (3,358)
Amortization of debt issue costs 411 837
Changes in assets and liabilities:    
Fees receivable, net (19,089) 9,631
Deferred commissions 7,047 8,352
Prepaid expenses and other current assets 8,205 (22,964)
Other assets 5,436 12,927
Deferred revenues 79,141 74,208
Accounts payable, accrued, and other liabilities (136,308) (121,622)
Cash provided by operating activities 8,580 5,663
Investing activities:    
Additions to property, equipment and leasehold improvements (6,560) (11,632)
Acquisitions - cash paid (net of cash acquired) (800) 0
Cash used in investing activities (7,360) (11,632)
Financing activities:    
Proceeds from stock-based compensation plans and ESP Plan 2,580 2,076
Proceeds from borrowings 70,000 265,000
Payments on borrowings (5,000) (5,000)
Purchases of treasury stock (45,487) (324,042)
Excess tax benefits from stock-based compensation plans 4,751 7,556
Cash provided (used) in financing activities 26,844 (54,410)
Net increase (decrease) in cash and cash equivalents 28,064 (60,379)
Effects of exchange rates on cash and cash equivalents 2,903 (23,270)
Cash and cash equivalents, beginning of period 372,976 365,302
Cash and cash equivalents, end of period $ 403,943 $ 281,653