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Operations and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Estimated Economic Lives of Property and Equipment

We record property and equipment at cost.  We capitalize major improvements and betterments, while maintenance, repairs and minor replacements are expensed as incurred.  Depreciation or amortization is provided using the straight-line method over the following estimated economic lives of the assets:

 

 

 

Estimated Economic Life

Leasehold improvements

 

Shorter of underlying lease term or asset life

Furniture and fixtures

 

2 – 7 years

Equipment

 

3 – 5 years

Software

 

3 – 10 years

Buildings

 

29 years

Reconciliation of Denominators of Basic and Diluted EPS Calculations A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

163,677

 

 

$

90,683

 

 

$

84,690

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used to compute basic

   EPS

 

 

35,586

 

 

 

35,741

 

 

 

36,102

 

Dilutive potential common shares due to dilutive

   RSUs, net of tax effect

 

 

423

 

 

 

466

 

 

 

336

 

Weighted-average shares used to compute

   diluted EPS

 

 

36,009

 

 

 

36,207

 

 

 

36,438

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

4.60

 

 

$

2.54

 

 

$

2.35

 

Diluted

 

$

4.55

 

 

$

2.50

 

 

$

2.32

 

 

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows for the years ended December 31, 2018, 2017 and 2016 (in thousands):

 

 

December 31,

2018

 

 

December 31,

2017

 

 

December 31,

2016

 

Cash and cash equivalents

 

$

142,655

 

 

$

105,831

 

 

$

202,882

 

Restricted cash included in other current assets

 

 

8

 

 

 

46

 

 

 

51

 

Restricted cash included in other non-current assets

 

 

1,630

 

 

 

1,568

 

 

 

3,013

 

Total cash, cash equivalents and restricted cash

   shown in the statement of cash flows

 

$

144,293

 

 

$

107,445

 

 

$

205,946