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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 255,954 $ 238,728
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 38,604 24,667
Stock-based compensation expense 34,336 21,088
Depreciation and amortization of property, equipment and leasehold improvements 4,081 5,460
Amortization of right of use assets 5,813 5,782
Amortization of debt origination fees 1,280 1,264
Loss on extinguishment of debt 1,510 0
Deferred taxes (7,625) (2,254)
Other adjustments (3,533) 3,906
Changes in assets and liabilities:    
Accounts receivable 91,109 22,489
Prepaid income taxes 14,874 3,396
Prepaid and other assets 1,427 (1,194)
Other non-current assets 73 (2,333)
Accounts payable 2,045 (6,327)
Income taxes payable 22,154 19,179
Accrued compensation and related benefits (132,328) (108,252)
Other accrued liabilities 3,086 8,305
Deferred revenue (25,949) 34,427
Long-term operating lease liabilities (5,666) (5,047)
Other non-current liabilities (1,108) 941
Other 0 (84)
Net cash provided by operating activities 300,137 264,141
Cash flows from investing activities    
Capitalized software development costs (19,966) (15,351)
Capital expenditures (4,271) (6,225)
Acquisition of a business, net of cash acquired (7,820) 0
Other (276) (186)
Net cash used in investing activities (32,333) (21,762)
Cash flows from financing activities    
Repurchase of common stock held in treasury (69,991) (43,960)
Payment of dividends (131,305) (112,145)
Repayment of borrowings (339,063) (2,188)
Proceeds from borrowings 336,875 0
Payment of debt issuance costs (3,739) 0
Net cash (used in) provided by financing activities (207,223) (158,293)
Effect of exchange rate changes (2,959) 2,958
Net (decrease) increase in cash, cash equivalents and restricted cash 57,622 87,044
Cash, cash equivalents and restricted cash, beginning of period 461,693 993,564
Cash, cash equivalents and restricted cash, end of period 519,315 1,080,608
Supplemental disclosure of cash flow information:    
Cash paid for interest 34,050 33,803
Cash paid for income taxes, net of refunds received 11,393 18,965
Supplemental disclosure of non-cash investing activities    
Property, equipment and leasehold improvements in other accrued liabilities 2,668 5,156
Supplemental disclosure of non-cash financing activities    
Cash dividends declared, but not yet paid $ 368 $ 511