XML 68 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 52,066 $ 98,567 $ 70,359
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 54,279 43,031 47,973
Compensation expense associated with stock-based payments 25,269 23,101 15,178
Unrealized foreign currency losses (gains), net 4,217 1,963 2,282
Change in fair value of contingent consideration (7,819) 2,500  
Deferred income taxes 4,426 6,286 2,376
Impairment losses on intangible assets 8,951      
Excess tax benefit related to stock-based compensation (2,108) (1,582) (1,825)
Other non-cash adjustments, net 2,080 1,566 (310)
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable (6,231) (21,467) 5,484
Prepaid expenses and other current assets (4,865) 4,429 (1,033)
Other assets 1,817 2,038 (682)
Accounts payable 1,545 1,183 (375)
Accrued compensation (12,255) 4,267 (3,724)
Other accrued expenses 6,076 (902) (11,164)
Income taxes payable 24,169 (23,692) (3,118)
Deferred revenue 50,065 48,520 33,426
Other liabilities (6,647) (2,130) 2,825
Net cash provided by operating activities 195,035 187,678 157,672
Cash flows from investing activities:      
Purchases of property and equipment (29,718) (13,731) (11,286)
Cash paid for acquisitions, net of cash acquired (220,002) (58,734) (12,253)
Change in restricted cash (4,940) 587 1,494
Cash paid for software rights   (2,229)  
Notes receivable from a cost method investee   (2,000)  
Change in notes receivable (4,250) (300)  
Cash paid for intellectual property (1,559)    
Contributions on equity method investment (920)    
Purchases of cost method investments (31,523)   (3,000)
Purchases of investment securities (28,346) (226,201) (47,853)
Sales and maturities of investment securities 101,389 186,157 2,814
Net cash used in investing activities (219,869) (116,451) (70,084)
Cash flows from financing activities:      
Proceeds from loans payable 91,000   68,428
Repayment of loans payable (521) (32,653) (2,534)
Repurchase of common stock (261,767) (37,363) (112,447)
Repayment of capital lease obligations (326) (245) (263)
Cash paid for line of credit fees (500)    (1,979)
Proceeds from the exercise of stock options 32,435 62,504 43,264
Excess tax benefit related to stock-based compensation 2,108 1,582 1,825
Net cash used in financing activities (137,571) (6,175) (3,706)
Effect of exchange rate changes on cash and cash equivalents (1,963) (1,459) (6,837)
Net increase (decrease) in cash and cash equivalents (164,368) 63,593 77,045
Cash and cash equivalents, beginning of period 356,533 292,940 215,895
Cash and cash equivalents, end of period 192,165 356,533 292,940
Supplemental disclosures of consolidated cash flow information:      
Cash paid for interest 3,056 3,305 3,746
Cash paid for income taxes 1,096 32,988 15,077
Supplemental schedule of non-cash investing and financing activities:      
Unrealized (loss) gain on available-for-sale securities, net of tax (315) 290 (9)
Unrealized (loss) gain on foreign currency contracts (729) 359 196
Contingent consideration related to acquisitions 3,086 2,015 4,000
Unpaid purchases of property and equipment $ 3,180 $ 1,382 $ 1,081