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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 127,097 $ 109,872
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,004 31,922
Stock-based compensation expense 36,128 36,980
Excess tax benefits from stock-based compensation 0 (11,222)
Deferred taxes (13,415) (5,724)
Amortization and write-off of deferred financing fees 2,611 2,392
Changes in assets and liabilities:    
Fees receivable, net 26,242 57,045
Deferred commissions 12,376 18,251
Prepaid expenses and other current assets (43,402) (42,347)
Other assets 21,597 (12,878)
Deferred revenues 114,197 109,595
Accounts payable, accrued, and other liabilities (47,172) (27,579)
Cash provided by operating activities 282,263 266,307
Investing activities:    
Additions to property, equipment and leasehold improvements (36,877) (36,067)
Acquisitions - cash paid (net of cash acquired) (29,363) (169,853)
Acquisitions - increase in restricted cash (escrow) 0 25,625
Acquisitions - increase in restricted cash (escrow) (13,600)  
Cash used in investing activities (66,240) (231,545)
Financing activities:    
Proceeds from employee stock purchase plan 6,931 5,583
Proceeds from borrowings 747,500 450,000
Payments for debt issuance costs (4,975) 0
Payments on borrowings (827,500) (15,000)
Purchases of treasury stock (52,889) (453,000)
Excess tax benefits from stock-based compensation 0 11,222
Cash used in financing activities (130,933) (1,195)
Net increase in cash and cash equivalents 85,090 33,567
Effects of exchange rates on cash and cash equivalents 7,668 (27,625)
Cash and cash equivalents, beginning of period 372,976 365,302
Cash and cash equivalents, end of period $ 465,734 $ 371,244