v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 81,180 $ 81,052
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 38,949 34,621
(Gains) losses from sale of investments (3) 1
Share-based compensation expense 37,159 37,660
Amortization of operating lease right-of-use assets 2,323 2,288
Deferred income tax benefit 14,213 (11,080)
Changes in operating assets and liabilities, exclusive of effects of acquired companies:    
Accounts receivable 63,444 28,176
Income tax payable 9,135 24,508
Prepaid expenses and other current assets (21,801) (26,154)
Accounts payable 11,489 14,346
Operating lease liabilities (2,162) (2,842)
Accrued liabilities (57,340) (67,490)
Deferred revenue (71,026) (60,099)
Other long-term liabilities 1,702 1,171
Net cash provided by operating activities 107,262 56,158
Cash flows from investing activities:    
Additions to property and equipment (3,237) (2,335)
Purchase of marketable security investments (1,358) (71,993)
Proceeds and maturities from marketable security investments 61,858 1,756
Investment in software development (1,260) (5,550)
Cost of acquisitions, net of cash acquired (20) (18,024)
Other (8) (23)
Net cash provided (used) by investing activities 55,975 (96,169)
Cash flows from financing activities:    
Payment on convertible senior notes (600,000) 0
Purchase of treasury shares (250,063) 0
Payment of employee taxes paid for withheld shares upon equity award settlement, net of proceeds from exercise of stock options (16,365) 1,526
Contributions from employee stock purchase plan 3,801 3,970
Other 0 (4,477)
Net cash (used) provided by financing activities (862,627) 1,019
Net (decrease) in cash and cash equivalents (699,390) (38,992)
Cash and cash equivalents at beginning of period 1,015,400 744,721
Cash and cash equivalents at end of period 316,010 705,729
Supplemental cash flow information:    
Cash paid for interest 1,192 969
Cash paid (received) for income taxes, net 46 (323)
Non-cash investing and financing activities:    
Non-cash additions to property and equipment $ 136 $ 125