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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 126,096 $ 118,467
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,876 39,135
Deferred income tax expense 3,382 3,275
Provision for bad debts 695 833
Stock-based compensation expense 15,612 16,861
Excess tax benefits from stock-based compensation (3,768) (5,703)
Other (141) (134)
Changes in operating assets and liabilities:    
Accounts receivable 6,121 11,252
Other receivables and current assets 22,021 25,497
Other long-term assets (705) 15
Accounts payable, accrued expenses and current liabilities (25,627) (33,726)
Accrued income taxes 2,438 2,263
Deferred revenue 5,245 10,839
Other long-term liabilities (7,641) (8,342)
Net cash provided by operating activities 178,604 180,532
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0 (10,376)
Capital expenditures (6,068) (7,682)
Other investing activities (10,256) (111)
Net cash used in investing activities (16,324) (18,169)
Cash flows from financing activities:    
Purchase of treasury stock (128,760) (128,716)
Restricted stock withholding taxes paid in lieu of issued shares (5,004) (4,382)
Contingent consideration payments (1,048) (1,173)
Proceeds from shares issued for stock-based compensation 17,419 29,675
Excess tax benefits from stock-based compensation 3,768 5,703
Other financing activities (1) (10)
Net cash used in financing activities (113,626) (98,903)
Effect of exchange rate fluctuations on cash and cash equivalents 10,533 (11,170)
Net increase in cash and cash equivalents 59,187 52,290
Cash and cash equivalents, beginning of period 784,168 788,064
Cash and cash equivalents, end of period 843,355 840,354
Supplemental disclosures of cash flow information:    
Income taxes paid 65,873 55,018
Interest paid $ 727 $ 609