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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 195,653 $ 184,500
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,320 58,782
Deferred income tax benefit (3,102) (7,301)
Provision for bad debts 1,006 1,286
Stock-based compensation expense 24,564 25,731
Excess tax benefits from stock-based compensation (6,178) (6,366)
Other (211) 1,473
Changes in operating assets and liabilities:    
Accounts receivable 6,601 6,707
Other receivables and current assets 26,431 35,330
Other long-term assets (80) 396
Accounts payable, accrued expenses and current liabilities (23,622) (33,255)
Accrued income taxes 4,674 2,389
Deferred revenue (12,178) (6,557)
Other long-term liabilities (5,285) (4,788)
Net cash provided by operating activities 260,593 258,327
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0 (40,892)
Capital expenditures (8,219) (10,765)
Other investing activities (11,355) (2)
Net cash used in investing activities (19,574) (51,659)
Cash flows from financing activities:    
Purchase of treasury stock (243,288) (242,748)
Restricted stock withholding taxes paid in lieu of issued shares (5,044) (4,431)
Contingent consideration payments (1,048) (1,173)
Proceeds from shares issued for stock-based compensation 43,347 36,563
Excess tax benefits from stock-based compensation 6,178 6,366
Other financing activities (1) (15)
Net cash used in financing activities (199,856) (205,438)
Effect of exchange rate fluctuations on cash and cash equivalents 12,585 (13,055)
Net increase (decrease) in cash and cash equivalents 53,748 (11,825)
Cash and cash equivalents, beginning of period 784,168 788,064
Cash and cash equivalents, end of period 837,916 776,239
Supplemental disclosures of cash flow information:    
Income taxes paid 95,066 77,867
Interest paid 791 609
Fair value of stock options and restricted stock awards assumed in connection with acquisitions $ 0 $ 3,528