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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income $ 38,427 $ 14,936
Adjustments to reconcile net income to cash provided by operating activities:    
Deferred income taxes (465) (1,190)
Depreciation and amortization 12,356 11,675
Stock-based compensation expense 26,440 19,816
Foreign currency transaction loss (gain) 241 (1,682)
Other non-cash (408) 4,576
Change in operating assets and liabilities:    
Trade accounts receivable 52,966 10,853
Income taxes receivable and other current assets (14,294) (18,349)
Accounts payable and accrued expenses (17,734) (19,259)
Deferred revenue (11,890) (11,222)
Other long-term assets and liabilities 130 1,415
Cash provided by operating activities 85,769 11,569
Investing activities:    
Purchases of marketable securities (16,656) (20,942)
Proceeds from maturities and called marketable securities 20,824 21,139
Sales of marketable securities   52,483
Payments for acquisitions, net of cash acquired (290) (49,113)
Investment in property and equipment (5,037) (11,497)
Cash used in investing activities (1,159) (7,930)
Financing activities:    
Dividend payments to shareholders (4,613) (4,592)
Common stock repurchases for tax withholdings for net settlement of equity awards (27,261) (7,849)
Common stock repurchases under share repurchase programs (2,986) (19,225)
Cash used in financing activities (34,860) (31,666)
Effect of exchange rates on cash and cash equivalents 1,282 (738)
Net increase (decrease) in cash and cash equivalents 51,032 (28,765)
Cash and cash equivalents, beginning of period 70,594 93,026
Cash and cash equivalents, end of period $ 121,626 $ 64,261