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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net (loss) income [1] $ (5,796) $ 57,953
Adjustment to reconcile net (loss) income to cash provided by operating activities:    
Change in operating assets and liabilities, net [1] 8,698 (15,455)
Stock-based compensation expense [1] 47,573 39,929
Amortization of intangible assets and depreciation [1] 18,692 18,703
Other non-cash [1] (2,079) 12,796
Cash provided by operating activities [1] 67,088 113,926
Investing activities:    
Purchases of investments [1] (68,177) (25,687)
Proceeds from maturities and called investments [1] 26,456 23,124
Other [1] (7,874) (9,403)
Cash used in investing activities [1] (49,595) (11,966)
Financing activities:    
Dividend payments to shareholders [1] (7,067) (6,941)
Common stock repurchases [1] (64,597) (37,099)
Cash used in financing activities [1] (71,664) (44,040)
Effect of exchange rates on cash and cash equivalents [1] (1,913) 2,054
Net (decrease) increase in cash and cash equivalents [1] (56,084) 59,974
Cash and cash equivalents, beginning of period [1] 162,279 70,594
Cash and cash equivalents, end of period [1] $ 106,195 $ 130,568
[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.