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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 115,910 $ 103,375
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 45,627 39,700
Share-based compensation expense 37,966 27,368
Deferred income tax benefit (5,034) (13,705)
Changes in operating assets and liabilities, exclusive of effects of acquired companies:    
Accounts receivable (31,393) (6,672)
Income taxes (1,942) (467)
Prepaid expenses and other current assets 983 (3,663)
Accounts payable (4,729) (2,733)
Accrued liabilities 1,523 1,316
Deferred revenue 20,442 (2,138)
Net cash provided by operating activities 179,353 142,381
Cash flows from investing activities:    
Additions to property and equipment (23,460) (37,734)
Purchase of marketable security investments (92,638) (49,905)
Proceeds from marketable security investments 60,208 21,175
Cost of acquisitions, net of cash acquired (167,308) (9,761)
Decrease in other 857 418
Net cash used by investing activities (222,341) (75,807)
Cash flows from financing activities:    
Decrease in net borrowings on revolving line of credit 0 (10,000)
Purchase of treasury shares 0 (7,032)
Proceeds from exercise of stock options 70,536 33,568
Contributions from employee stock purchase plan 5,978 5,342
Net cash provided by financing activities 76,514 21,878
Net increase in cash and cash equivalents 33,526 88,452
Cash and cash equivalents at beginning of period 185,926 36,151
Cash and cash equivalents at end of period $ 219,452 $ 124,603