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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 295,783 $ 172,515
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 46,631 48,349
Stock-based compensation expense 45,048 32,121
Deferred taxes (7,866) (7,502)
Gain from sale of divested operation (139,316) 0
Loss on impairment of lease related assets 8,720 23,878
Reduction in the carrying amount of operating lease right-of-use assets 17,644 17,951
Amortization and write-off of deferred financing fees 1,161 1,133
Loss (gain) on de-designated swaps 1,393 (29,896)
Changes in assets and liabilities, net of acquisitions and divestitures:    
Fees receivable, net 36,177 30,700
Deferred commissions 19,635 18,909
Prepaid expenses and other current assets (18,370) (13,596)
Other assets (14,799) (1,082)
Deferred revenues 155,153 195,306
Accounts payable and accrued and other liabilities (282,315) (321,001)
Cash provided by operating activities 164,679 167,785
Investing activities:    
Additions to property, equipment and leasehold improvements (21,122) (17,293)
Proceeds from sale of divested operation 158,733 0
Cash provided by (used in) investing activities 137,611 (17,293)
Financing activities:    
Proceeds from employee stock purchase plan 7,358 6,949
Payments on borrowings (1,800) (1,331)
Purchases of treasury stock (106,850) (451,070)
Cash used in financing activities (101,292) (445,452)
Net increase (decrease) in cash and cash equivalents and restricted cash 200,998 (294,960)
Effects of exchange rates on cash and cash equivalents (5,485) (5,358)
Cash and cash equivalents and restricted cash, beginning of period 698,599 760,602
Cash and cash equivalents and restricted cash, end of period $ 894,112 $ 460,284