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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 91,878$ 59,591
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization of intangibles24,93127,212
Stock-based compensation expense24,75023,298
Excess tax benefits from stock-based compensation(22,458)(12,575)
Deferred taxes3,812(6,699)
Amortization of debt issue costs1,733785
Changes in assets and liabilities:  
Fees receivable, net16,02315,148
Deferred commissions11,35415,685
Prepaid expenses and other current assets(6,241)(3,212)
Other assets2,051(36,317)
Deferred revenues74,02159,811
Accounts payable, accrued, and other liabilities(45,389)(16,352)
Cash provided by operating activities176,465126,375
Investing activities:  
Additions to property, equipment and leasehold improvements(23,720)(12,211)
Acquisitions (net of cash received) (12,151)
Cash used in investing activities(23,720)(24,362)
Financing activities:  
Proceeds from stock issued under stock plans17,77119,380
Proceeds from debt issuance5,00027,000
Payments on debt(15,156)(56,000)
Purchases of treasury stock(141,214)(76,476)
Excess tax benefits from stock-based compensation22,45812,575
Cash used by financing activities(111,141)(73,521)
Net increase in cash and cash equivalents41,60428,492
Effects of exchange rates on cash and cash equivalents(4,882)3,346
Cash and cash equivalents, beginning of period120,181116,574
Cash and cash equivalents, end of period$ 156,903$ 148,412