Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Schedule of Prior Period Adjustments

The following table shows the impact of retrospectively applying ASU 2016-09 to the previously issued consolidated statements of operations for the three month period ended March 31 (in thousands, except per share amounts):

	Three Months Ended March 31, 2016
	As Previously Reported		Adjustments			As Recast
Income before income taxes	$	156,912	$	—		$	156,912
Provision for income taxes	46,940		(1,118		)	45,822
Net income	$	109,972	$	1,118		$	111,090
Earnings per share:
Basic earnings per share	$	1.19	$	0.01		$	1.20
Diluted earnings per share	$	1.17	$	—		$	1.17
Weighted average common shares outstanding:
Basic	92,516		—			92,516
Diluted	94,329		701			95,030

The following table shows the impact of retrospectively applying this guidance to the Consolidated Statement of Cash flows for the three months ended March 31, 2016 (in thousands):

	Three Months Ended March 31, 2016
	As Previously Reported			Adjustments			As Recast
Net cash provided by operating activities	$	121,505		$	1,118		$	122,623
Net cash used in investing activities	(20,745		)	—			(20,745		)
Net cash used in financing activities	(157,389		)	(1,118		)	(158,507		)
Effect of foreign currency exchange rates on cash	8,795			—			8,795
Net (decrease) increase in cash	$	(47,834	)	$	—		$	(47,834	)