XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 121,065 $ 97,643
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,824 4,280
Share-based compensation 31,574 29,702
Deferred income taxes (4,435) (8,507)
Net (gain) loss on marketable securities (2,884) 348
Non-cash operating lease costs 3,500 3,779
Provision for doubtful accounts 419 369
Gain (Loss) on Disposition of Assets 0 1,941
Net loss on sales and abandonment of property and equipment 400 16
Changes in operating assets and liabilities:    
Accounts receivable 27,399 8,704
Prepaid expenses and other assets (13,457) (5,823)
Accounts payable (642) 168
Accrued compensation and employee benefits (35,141) (37,883)
Other liabilities (16,490) (7,955)
Deferred revenue 7,988 9,540
Net cash provided by operating activities 122,120 92,440
Cash flows from investing activities:    
Purchases of property and equipment (1,361) (850)
Proceeds from sales of marketable securities 13,167 2,393
Purchases of marketable securities (14,224) (4,558)
Cash transferred, net of proceeds, from product line asset sale 0 (7,575)
Net cash used in investing activities (2,418) (10,590)
Cash flows from financing activities:    
Proceeds from revolving line of credit and term loan 170,000 169,000
Payments on revolving line of credit and term loan (70,750) (102,750)
Proceeds from issuance of treasury stock under employee stock plans 4,499 1,995
Taxes paid related to net share settlement of equity awards (131,911) (72,865)
Repurchases of common stock (71,704) (75,004)
Net cash used in financing activities (99,866) (79,624)
Effect of exchange rate changes on cash 3,807 4,428
Increase in cash and cash equivalents 23,643 6,654
Cash and cash equivalents, beginning of period 136,778 133,202
Cash and cash equivalents, end of period 160,421 139,856
Supplemental disclosures of cash flow information:    
Cash paid for income taxes, net of refunds of $10 and $8 during the quarters ended December 31, 2023 and 2022, respectively 4,926 13,412
Cash paid for interest 38,236 37,730
Supplemental disclosures of non-cash investing activities:    
Purchase of property and equipment included in accounts payable $ 178 $ 37