| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||
Net income (loss) | ||||||||||||||||
-19,818 | -64,033 | 33,673 | 27,918 | 5,824 | -1,763 | -77,405 | -67,745 | -78,546 | -56,558 | -71,505 | -35,570 | 26,970 | 56,089 | 0 | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash from operating activities: | ||||||||||||||||
Depreciation of property and equipment | ||||||||||||||||
6,782 | 6,721 | 6,659 | 6,666 | 6,569 | 6,676 | 6,923 | 7,024 | 7,142 | 7,201 | 6,319 | 5,064 | 3,709 | 2,260 | 0 | 0 | 0 |
Amortization of intangible assets | ||||||||||||||||
96,900 | 99,900 | 102,846 | 104,908 | 106,834 | 108,500 | 108,998 | 109,559 | 110,512 | 111,900 | 98,219 | 76,502 | 54,402 | 31,870 | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||||||||||
31,918 | 31,554 | 31,763 | 31,228 | 31,226 | 31,011 | 31,581 | 32,504 | 33,789 | 33,462 | 34,021 | 29,118 | 24,542 | 21,101 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||||||
-25,986 | -38,611 | -37,432 | -25,221 | -23,524 | -15,578 | -14,246 | -16,208 | 12,913 | -18,294 | -3,431 | -1,913 | -27,465 | 7,694 | 0 | 0 | 0 |
Allowance for credit losses | ||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||
2,940 | 2,654 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Amortization of debt issuance costs and other | ||||||||||||||||
- | - | - | - | - | - | - | - | -3,971 | - | -4,338 | -3,886 | -2,779 | -4,273 | 0 | 0 | 0 |
Changes in operating assets and liabilities: | ||||||||||||||||
Accounts receivable | ||||||||||||||||
-9,418 | -6,191 | -5,055 | 7,499 | 18,867 | 14,381 | 12,571 | -9,988 | 3,478 | 3,551 | -13,668 | 2,946 | -8,284 | -13,957 | 0 | 0 | 0 |
Unbilled contracts receivable, net | ||||||||||||||||
-77,075 | -130,359 | -29,403 | -23,959 | -41,642 | -25,503 | -99,154 | -82,629 | -48,671 | -48,168 | -42,019 | -32,430 | -30,620 | 0 | 0 | 0 | 0 |
Other assets | ||||||||||||||||
-2,239 | -3,675 | -2,255 | -3,130 | -517 | 950 | 1,125 | 7,400 | 3,887 | -3,458 | -17,999 | -25,028 | -22,480 | -18,067 | 0 | 0 | 0 |
Operating lease right-of-use assets | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||||||
2,117 | 1,886 | 29 | 1,695 | -1,851 | -1,469 | -2,912 | -3,790 | -615 | -3,298 | 738 | 627 | -1,338 | 1,709 | 0 | 0 | 0 |
Accrued legal fees | ||||||||||||||||
- | - | - | - | - | - | - | - | -2,308 | - | 1,229 | 948 | 2,841 | 4,884 | 0 | 0 | 0 |
Accrued and other liabilities | ||||||||||||||||
2,904 | -8,679 | -7,570 | -2,026 | -8,167 | -8,915 | -10,164 | -12,259 | 1,444 | 19,170 | 9,072 | 7,162 | 1,851 | -1,573 | 0 | 0 | 0 |
Operating lease liabilities | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - |
Deferred revenue | ||||||||||||||||
-657 | -2,410 | 258 | -3,271 | -1,769 | 1,227 | -3,343 | 921 | 2,553 | 1,791 | 2,083 | 690 | -1,419 | -6,471 | 0 | 0 | 0 |
Net cash from operating activities | ||||||||||||||||
188,076 | 169,253 | 170,714 | 164,791 | 144,304 | 135,133 | 130,129 | 140,698 | 132,953 | 147,265 | 128,209 | 126,888 | 142,674 | 153,860 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||||||||||
Purchases of property and equipment | ||||||||||||||||
8,643 | 8,813 | 8,843 | 7,857 | 3,428 | 3,338 | 3,287 | 3,409 | 3,526 | 3,323 | 3,321 | 3,245 | 2,315 | 3,794 | 0 | 0 | 0 |
Purchases of short-term investments | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 95,958 | 142,621 | 161,595 | 0 | 0 | 0 |
Proceeds from sales of investments | ||||||||||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Proceeds from maturities of investments | ||||||||||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Net cash from investing activities | ||||||||||||||||
-16,618 | -19,143 | -3,440 | -20,125 | 4,492 | 11,432 | -1,441 | 9,250 | 3,101 | -18,844 | -617,653 | -628,992 | -625,740 | -592,396 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||||||||||
Dividend paid | ||||||||||||||||
39,716 | 39,502 | 39,267 | 39,184 | 39,123 | 39,187 | 39,353 | 39,458 | 39,552 | 39,509 | 39,380 | 39,151 | 39,015 | 39,158 | 0 | 0 | 0 |
Repayment of debt | ||||||||||||||||
100,000 | 150,000 | 100,000 | 100,000 | 50,000 | 100,000 | 101,500 | 103,000 | 104,500 | 6,000 | 4,500 | 3,000 | 1,500 | 0 | 0 | 0 | 0 |
Proceeds from exercise of stock options | ||||||||||||||||
443 | 695 | 676 | 528 | 7,432 | 8,008 | 8,050 | 8,193 | 1,461 | 4,873 | 6,917 | 8,757 | 9,728 | 6,285 | 0 | 0 | 0 |
Proceeds from employee stock purchase program | ||||||||||||||||
5,450 | 5,329 | 5,328 | 4,905 | 4,905 | 5,196 | 5,197 | 6,379 | 6,379 | 4,132 | 4,132 | 2,072 | 2,072 | 1,998 | 0 | 0 | 0 |
Repurchase of common stock | ||||||||||||||||
4,519 | 4,506 | 8,541 | 15,792 | 30,068 | 44,798 | 46,291 | 49,142 | 33,893 | 19,283 | 14,090 | 10,156 | 35,676 | 70,601 | 0 | 0 | 0 |
Net cash from financing activities | ||||||||||||||||
-139,542 | -189,184 | -143,423 | -149,962 | -107,273 | -171,200 | -173,897 | -177,028 | -170,105 | -55,787 | 536,118 | 541,561 | 518,648 | 481,563 | 0 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||||||
31,916 | -39,074 | 23,851 | -5,296 | 41,523 | -24,635 | -45,209 | -27,080 | -34,051 | 72,634 | 46,674 | 39,457 | 35,582 | 43,027 | 0 | 0 | 0 |
Supplemental disclosure of cash flow information: | ||||||||||||||||
Interest paid | ||||||||||||||||
18,484 | 20,891 | 22,702 | 23,535 | 23,528 | 23,134 | 23,759 | 24,802 | 25,618 | 28,068 | 21,258 | 14,493 | 8,100 | 0 | 0 | 0 | 0 |
Income taxes paid, net of refunds | ||||||||||||||||
15,039 | 15,001 | 23,285 | 21,830 | 25,315 | 23,679 | 16,832 | 16,775 | 16,601 | 15,678 | 0 | 0 | 0 | - | - | - | - |