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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 102,147 $ 78,661
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 40,096 37,521
Share-based compensation expense 27,368 21,348
Deferred income tax benefit (14,216) (11,289)
Changes in operating assets and liabilities, exclusive of effects of acquired companies:    
Accounts receivable (7,097) (14,641)
Income taxes (467) 1,769
Prepaid expenses and other current assets (2,706) 1,169
Accounts payable (2,733) (917)
Accrued liabilities 1,318 8,515
Deferred revenue (1,329) 17,918
Net cash provided by operating activities 142,381 140,054
Cash flows from investing activities:    
Additions to property and equipment (37,734) (29,529)
Purchase of marketable security investments (49,905) (13,127)
Proceeds from marketable security investments 21,175 9,256
Cost of acquisitions, net of cash acquired (9,761) (9,394)
Decrease (increase) in other 418 (52)
Net cash used by investing activities (75,807) (42,846)
Cash flows from financing activities:    
Decrease in net borrowings on revolving line of credit (10,000) (32,000)
Purchase of treasury shares (7,032) (94,499)
Proceeds from exercise of stock options 33,568 15,089
Contributions from employee stock purchase plan 5,342 4,429
Net cash provided (used) by financing activities 21,878 (106,981)
Net increase (decrease) in cash and cash equivalents 88,452 (9,773)
Cash and cash equivalents at beginning of period 36,151 33,087
Cash and cash equivalents at end of period $ 124,603 $ 23,314