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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net income $ 122,080 $ 118,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,431 16,875
Provision for doubtful accounts 3,618 85
Stock-based compensation 12,318 15,179
Deferred income taxes (2,048) 15,350
Excess tax benefit on stock-based compensation (9,344) (13,827)
Loss on sale/disposal of assets 485 180
Changes in operating elements (net of acquisitions):    
Receivables (95,204) 42,295
Prepaid expenses and other (6,049) (7,378)
Other non-current assets (1,016) 0
Accounts payable and outstanding checks 47,201 (22,783)
Accrued compensation (37,864) (84,431)
Accrued income taxes 51,949 32,732
Other accrued liabilities (15,861) (9,090)
Net cash provided by operating activities 92,696 104,150
INVESTING ACTIVITIES    
Purchases of property and equipment (13,537) (13,121)
Purchases and development of software (3,183) (4,704)
Acquisitions, net of cash acquired 1,780 0
Other 56 (770)
Net cash used for investing activities (18,444) (18,595)
FINANCING ACTIVITIES    
Proceeds from stock issued for employee benefit plans 15,823 6,990
Stock tendered for payment of withholding taxes (18,955) (32,270)
Repurchase of common stock (28,999) (21,249)
Cash dividends (64,597) (63,888)
Excess tax benefit on stock-based compensation 0 13,827
Proceeds from short-term borrowings 2,450,000 1,480,000
Payments on short-term borrowings (2,450,000) (1,460,000)
Net cash used for financing activities (96,728) (76,590)
Effect of exchange rates on cash 4,604 2,212
Net (decrease)/increase in cash and cash equivalents (17,872) 11,177
Cash and cash equivalents, beginning of period 247,666 168,229
Cash and cash equivalents, end of period 229,794 179,406
Noncash transactions from investing and financing activities:    
Accrued share repurchases held in other accrued liabilities 3,000 3,000
Accrued purchases of property and equipment $ 1,404 $ 0