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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 109,857 $ 64,869 $ 58,940
Adjustments to reconcile net income to cash provided by operations:      
Depreciation and amortization 50,301 19,574 14,605
Share-based compensation expense 29,747 20,182 14,819
Provision for losses - accounts receivable 4,484 1,756 1,897
Deferred income tax benefit (28,939) (7,956) (3,804)
Changes in operating assets and liabilities, exclusive of effects of acquired companies:      
Accounts receivable (30,227) (28,172) (8,912)
Income tax receivable 18,185 24,255 29,117
Prepaid expenses and other current assets 2,229 (3,054) (3,696)
Accounts payable 387 652 1,586
Accrued liabilities 10,717 490 6,326
Deferred revenue 25,118 41,731 31,961
Net cash provided by operating activities 191,859 134,327 142,839
Cash flows from investing activities:      
Cost of acquisitions, net of cash acquired (9,394) (339,961) (3,242)
Purchase of cost method investment 0 (15,000) 0
Purchase of marketable security investments (20,316) (31,907) 0
Proceeds from marketable security investments 16,837 900 808
Additions to property and equipment (37,726) (12,501) (9,343)
(Increase) decrease in other (121) 10 222
Net cash used by investing activities (50,720) (398,459) (11,555)
Cash flows from financing activities:      
(Decrease) increase in net borrowings on revolving line of credit (56,000) 66,000 0
Purchase of treasury shares (111,838) (645) (22,817)
Contributions from employee stock purchase plan 6,236 4,671 4,144
Proceeds from exercise of stock options 23,527 23,160 14,680
Debt issuance costs 0 (2,134) 0
Net cash (used) provided by financing activities (138,075) 91,052 (3,993)
Net increase (decrease) in cash and cash equivalents 3,064 (173,080) 127,291
Cash and cash equivalents at beginning of period 33,087 206,167 78,876
Cash and cash equivalents at end of period $ 36,151 $ 33,087 $ 206,167