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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income [1] $ 1,791 $ 56,665
Adjustments to reconcile net income to cash provided by operating activities:    
Change in operating assets and liabilities, net [1] 30,158 (14,874)
Stock-based compensation expense [1] 31,165 26,440
Depreciation and amortization of intangible assets [1] 12,474 12,356
Other non-cash [1] (156) 5,182
Cash provided by operating activities [1] 75,432 85,769
Investing activities:    
Purchases of investments [1] (51,395) (16,656)
Proceeds from maturities and called investments [1] 11,546 20,824
Other [1] (6,520) (5,327)
Cash used in investing activities [1] (46,369) (1,159)
Financing activities:    
Dividend payments to shareholders [1] (4,702) (4,613)
Common stock repurchases [1] (41,123) (30,247)
Cash used in financing activities [1] (45,825) (34,860)
Effect of exchange rates on cash and cash equivalents [1] (1,226) 1,282
Net (decrease)/increase in cash and cash equivalents [1] (17,988) 51,032
Cash and cash equivalents, beginning of period [1] 162,279 70,594
Cash and cash equivalents, end of period [1] $ 144,291 $ 121,626
[1] On January 1, 2018 the Company adopted the ASC 606 revenue recognition standard and has adjusted prior periods to conform. See Note 2. "New Accounting Pronouncements" for additional information.