7Baggers
Quarterly
Annual
    Unit: USD2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28 2020-11-30 2020-08-31 2020-05-31 2020-02-29 2019-11-30 2019-05-31 2019-02-28 2018-11-30 2018-05-31 2018-02-28 2016-11-30 2016-05-31 2016-02-29 2015-11-30 2013-02-28 2012-11-30 2012-08-31 2012-05-31 2012-02-29 2011-11-30 2011-08-31 2011-05-31 2011-02-28 2010-11-30 2010-08-31 2010-05-31 2010-02-28 2009-11-30 2009-08-31 2009-05-31 2009-02-28 2008-11-30 2008-08-31 2008-05-31 2008-02-29 2007-11-30 2007-08-31 2007-05-31 2007-02-28 2006-11-30 2006-08-31 2006-05-31 2006-02-28 2005-11-30 2005-05-31 2005-02-28 2004-11-30 2004-08-31 2004-05-31 
      
    		                                                                    
      cash flows from operating activities
    		                                                                    
      net income
    		153,616,000 148,542,000 144,860,000 150,022,000 89,496,000 158,135,000 140,940,000 148,555,000 65,119,000 134,663,000 131,593,000 136,798,000 104,422,000 74,910,000 109,938,000 107,647,000 101,062,000 100,679,000 96,643,000 101,206,000 89,079,000 101,216,000 88,686,000 93,957,000 92,265,000 84,702,000 84,296,000 74,746,000 56,933,000 66,583,000 66,781,000 67,762,000 59,965,000 44,538,000 49,769,000  47,980,000 46,746,000 45,544,000 40,880,000 43,311,000 45,254,000 41,601,000 39,291,000 38,658,000 36,119,000 36,143,000 36,275,000 38,536,000 34,554,000 35,585,000 33,584,000 32,542,000 29,492,000 29,399,000 30,716,000 28,575,000 26,481,000 23,795,000 23,443,000 21,036,000 19,242,000 19,195,000 19,551,000 17,170,000 16,397,000 14,685,000 14,687,000 
      adjustments to reconcile net income to net cash from operating activities
    		                                                                    
      depreciation and amortization
    		42,719,000 40,845,000 38,410,000 35,717,000 34,033,000 32,504,000 31,582,000 27,068,000 26,703,000 26,473,000 26,211,000 25,997,000 26,507,000 27,349,000 13,395,000 19,432,000 16,291,000 17,223,000 15,672,000 15,290,000 16,281,000 13,037,000 13,906,000 14,390,000 14,891,000 14,811,000 14,241,000 14,476,000 18,356,000 10,016,000 9,962,000 9,823,000 8,437,000 9,093,000 8,917,000  8,354,000 8,289,000 8,403,000 8,897,000 9,192,000 9,366,000 9,392,000 9,919,000 9,213,000 9,062,000 9,149,000 8,770,000 8,566,000 8,546,000 8,455,000 8,156,000 7,566,000 7,820,000 7,112,000 7,337,000 7,650,000 6,999,000 6,574,000 6,507,000 6,317,000 5,757,000 5,675,000 4,427,000 4,488,000 4,593,000 3,928,000 3,181,000 
      amortization of lease right-of-use assets
    		7,830,000 7,975,000 7,605,000 7,572,000 7,561,000 7,583,000 7,645,000 7,618,000 3,099,000 9,649,000 9,899,000 9,697,000 10,096,000 10,764,000 11,055,000 11,117,000 10,605,000 10,724,000 10,820,000 10,697,000                                                 
      stock-based compensation expense
    		14,075,000 17,015,000 16,547,000 13,592,000 16,794,000 15,745,000 16,652,000 14,310,000 17,673,000 16,865,000 15,325,000 12,175,000 15,399,000 14,667,000 15,536,000 10,401,000 11,709,000 11,029,000 11,010,000 11,317,000 8,207,000 10,344,000 8,214,000 9,814,000 7,995,000 7,705,000 8,435,000 7,821,000 9,035,000 6,385,000 7,406,000 8,565,000 6,462,000 21,170,000 5,203,000  5,149,000 6,045,000 5,880,000 10,421,000 4,975,000 6,700,000 3,677,000 3,826,000 4,142,000 3,140,000 2,957,000 2,966,000 2,997,000 3,487,000 4,173,000 3,021,000 3,018,000 4,898,000 2,714,000 2,296,000 2,223,000 2,155,000 2,449,000 2,035,000 1,943,000 1,875,000 2,538,000      
      deferred income taxes
    		-6,699,000 -5,609,000 -13,180,000 21,943,000 -25,041,000 -12,611,000 -1,071,000 6,703,000 -18,403,000 -6,246,000 -5,725,000 -745,000 -3,227,000 -2,224,000 -4,771,000 1,507,000 -2,331,000 531,000 -3,239,000 437,000 3,396,000 10,321,000 3,533,000 -6,624,000 206,000 1,777,000 -689,000 -2,086,000 -1,973,000 4,907,000 2,283,000 -1,656,000 2,388,000 -4,160,000 1,766,000  -3,058,000 -148,000 57,000 -1,323,000 792,000 -124,000 -1,151,000 -210,000 -2,188,000 -3,108,000 -321,000 188,000 -1,029,000 -681,000 -2,796,000 -1,785,000 -1,115,000 -83,000 -1,845,000 -1,761,000 -2,879,000 -1,588,000 -961,000 -672,000 3,407,000 -1,216,000 -1,014,000      
      gain on divestiture of a business
    		                                                                    
      other
    		4,439,000 4,160,000 2,378,000 890,000 -11,867,000 381,000 -4,406,000 -4,148,000 -17,198,000 19,191,000 18,987,000 -1,337,000 -21,614,000 13,948,000 -3,735,000 -8,870,000 -1,579,000 4,752,000 -12,195,000 718,000 -11,576,000 5,687,000 -18,000 5,861,000                                             
      changes in assets and liabilities, net of effects of acquisitions
    		                                                                    
      accounts receivable
    		-1,048,000 4,733,000 -22,848,000 -23,377,000                                                                 
      prepaid expenses and other assets
    		-6,634,000 10,588,000 1,808,000 -5,697,000                      -9,370,000 -957,000 412,000 -9,110,000 -2,805,000 -566,000 -2,182,000 3,998,000 -1,841,000 2,613,000  895,000 -995,000 539,000 -558,000 -1,296,000 -2,720,000 -2,023,000                          
      accounts payable and accrued expenses
    		-9,683,000 12,198,000 -23,122,000 -38,793,000 38,051,000 6,919,000 -20,907,000 31,284,000 2,523,000 -6,232,000 -6,642,000 18,744,000 -2,477,000 5,109,000 -10,519,000 20,702,000 3,780,000 -988,000 -2,964,000 2,240,000 2,027,000 44,000 -2,809,000 13,165,000 640,000 5,099,000 -10,522,000 3,276,000 -1,896,000 2,043,000 1,544,000 874,000 1,056,000 2,187,000 2,851,000  784,000 -2,684,000 2,839,000 1,859,000 -1,013,000 -3,619,000 2,961,000 -728,000 848,000 -5,510,000 4,082,000 3,752,000 -1,740,000 -3,751,000 4,820,000 -4,526,000 3,891,000 4,391,000 -5,016,000 7,022,000 -3,018,000 186,000 1,023,000  3,489,000 4,610,000 -5,694,000 591,000 -2,184,000 -3,459,000 4,910,000  
      accrued compensation
    		31,877,000 25,259,000 19,193,000 -40,663,000 13,116,000 7,127,000 19,892,000 -60,348,000 36,504,000 11,779,000 15,082,000 -66,796,000 38,516,000 10,688,000 18,777,000 -53,457,000 32,881,000 9,813,000 24,979,000 -45,858,000 30,600,000 9,364,000 22,262,000 -45,780,000 2,594,000 17,785,000 -44,051,000 2,966,000 10,666,000 -34,261,000 8,371,000 12,893,000 -23,073,000 4,440,000 -26,501,000  9,711,000 8,225,000 -24,523,000 9,297,000 2,674,000 12,234,000 -32,087,000 15,462,000 7,065,000 13,006,000 -28,093,000 10,694,000 6,789,000 12,308,000 -25,579,000 13,293,000 4,378,000 11,639,000 -20,911,000 10,112,000 4,285,000 8,666,000 -14,540,000 5,830,000 4,139,000 2,176,000 -10,982,000 4,500,000 2,956,000 -9,407,000   
      deferred revenues
    		-2,706,000 -6,979,000 19,203,000 -7,269,000 -8,878,000 -8,316,000 24,675,000 -2,542,000 474,000 -14,930,000 11,359,000 -290,000                                                         
      taxes payable, net of prepaid taxes
    		17,947,000 5,702,000 -7,004,000 -17,806,000 4,544,000 10,158,000 -31,491,000 5,341,000 22,284,000 21,688,000 -9,571,000 6,995,000 -723,000 3,272,000 -12,300,000 -9,524,000 17,532,000 -7,922,000 3,386,000 13,302,000 2,864,000 -14,906,000 -28,798,000 16,616,000 15,153,000 -24,874,000 7,489,000 8,762,000 3,380,000 13,786,000 5,175,000 -5,423,000 20,561,000 -17,004,000 13,709,000  6,465,000 -14,351,000 10,979,000 11,468,000 6,070,000 -8,143,000 10,992,000 5,478,000 11,541,000 2,142,000 16,620,000 -3,044,000 611,000 -10,966,000 14,946,000 4,393,000                 
      lease liabilities
    		-10,395,000 -10,596,000 -9,895,000 -9,759,000 -7,633,000 -11,847,000 -10,057,000 -9,783,000 -5,663,000 -11,164,000 -11,640,000 -11,237,000 -12,667,000 -12,098,000 -13,342,000 -10,521,000 -11,594,000 -10,607,000 -10,542,000 -10,007,000                                                 
      net cash from operating activities
    		212,100,000 253,833,000 173,955,000 86,372,000 163,161,000 238,235,000 143,798,000 155,144,000 155,670,000 218,589,000 164,678,000 106,636,000 151,353,000 191,972,000 122,034,000 72,918,000 184,977,000 140,313,000 140,660,000 89,276,000 159,427,000 150,953,000 99,669,000 95,791,000 159,770,000 99,234,000 46,320,000 125,653,000 102,576,000 51,113,000 96,878,000 93,139,000 71,087,000 46,402,000 50,636,000 57,069,000 76,437,000 43,705,000 54,754,000 70,140,000 64,515,000 50,297,000 22,184,000 70,251,000 70,696,000 44,898,000 25,235,000 65,341,000 67,010,000 35,659,000 39,760,000 39,708,000 58,609,000 31,183,000 13,624,000 56,846,000 50,955,000 25,160,000 22,947,000 32,750,000 44,627,000 31,389,000 12,056,000 44,552,000 6,011,000 12,272,000 22,828,000 26,858,000 
      capex
    		-33,966,000 -25,230,000 -23,736,000 -25,874,000 -25,959,000 -21,339,000 -21,917,000 -16,466,000 635,000 -26,005,000 0 -17,960,000 -15,206,000 -15,404,000 -11,963,000 -8,583,000 -13,911,000 -18,656,000 -10,425,000 -18,333,000 0 0 -25,119,000 -26,780,000 -11,424,000 -11,956,000 -9,526,000 -6,000,000 162,000 -12,537,000 -8,233,000 -12,053,000 -14,385,000 -2,987,000 -6,097,000 0 -6,219,000 -4,590,000 -6,054,000 -6,537,000 0 -7,412,000 -8,021,000 -7,092,000 -4,625,000 -2,313,000 -6,738,000 -5,077,000 -3,183,000 -6,401,000 -9,379,000 -9,939,000 -12,781,000 -7,310,000 -5,750,000 -13,844,000 -10,107,000 -7,327,000 -7,973,000 0 -13,436,000 -5,673,000 -1,417,000 -7,972,000 0 -3,957,000 0 0 
      free cash flows
    		178,134,000 228,603,000 150,219,000 60,498,000 137,202,000 216,896,000 121,881,000 138,678,000 156,305,000 192,584,000 164,678,000 88,676,000 136,147,000 176,568,000 110,071,000 64,335,000 171,066,000 121,657,000 130,235,000 70,943,000 159,427,000 150,953,000 74,550,000 69,011,000 148,346,000 87,278,000 36,794,000 119,653,000 102,738,000 38,576,000 88,645,000 81,086,000 56,702,000 43,415,000 44,539,000 57,069,000 70,218,000 39,115,000 48,700,000 63,603,000 64,515,000 42,885,000 14,163,000 63,159,000 66,071,000 42,585,000 18,497,000 60,264,000 63,827,000 29,258,000 30,381,000 29,769,000 45,828,000 23,873,000 7,874,000 43,002,000 40,848,000 17,833,000 14,974,000 32,750,000 31,191,000 25,716,000 10,639,000 36,580,000 6,011,000 8,315,000 22,828,000 26,858,000 
      cash flows from investing activities
    		                                                                    
      purchases of property, equipment, leasehold improvements and capitalized internal-use software
    		-33,966,000 -25,230,000 -23,736,000 -25,874,000 -25,959,000 -21,339,000 -21,917,000 -16,466,000 635,000 -26,005,000                                                           
      acquisition of businesses, net of cash and cash equivalents acquired
    		0 -5,794,000 -227,262,000 -115,199,000         0 -1,931,623,000 0 -50,018,000 -16,140,000                                                    
      purchases of investments
    		-14,434,000 -225,000 -221,000 -3,987,000 -13,700,000 0 -36,183,000 -8,753,000 -125,000 0 -997,000 -9,892,000 -200,000 -428,000 0 -250,000 -17,537,000 0 -1,000,000 -250,000 0 -500,000 384,000 -2,620,000 -253,000 -3,571,000 -4,356,000 -121,000 7,213,000 -16,700,000 -404,000 -399,000 -12,131,000 -303,000 -7,795,000  0               -13,230,000 -13,678,000 -22,024,000 -3,079,000 -4,465,000 -3,635,000 -4,417,000 -5,438,000          
      proceeds from maturity or sale of investments
    		0 0               0 0 -1,000 2,177,000 2,547,000 0 1,942,000 2,257,000                                             
      proceeds from divestiture
    		                                                                    
      net cash from investing activities
    		-23,400,000 -31,249,000 -193,064,000 -145,060,000 -39,659,000 -21,339,000 -58,100,000 -25,219,000 -23,083,000 -26,005,000 -18,453,000 -27,852,000 -15,406,000 -1,947,455,000 -11,963,000 -58,851,000 -47,588,000 -18,656,000 -11,426,000 -58,322,000 -12,186,000 -11,510,000 -22,793,000 -27,143,000 -10,175,000 -12,059,000 -7,309,000 -6,121,000 69,435,000 -81,425,000 -8,637,000 -12,452,000 -278,180,000 -3,995,000 -6,392,000 -26,986,000 -6,219,000 -4,590,000 -21,054,000 -6,537,000 -7,373,000 -7,412,000 -8,021,000 -62,272,000 -4,625,000 -2,313,000 -6,738,000 -5,077,000 -3,183,000 -6,401,000 15,881,000 -72,108,000 -13,999,000 -28,661,000 -4,500,000 -14,080,000 -10,342,000 -7,314,000 -8,257,000  -13,057,000 -12,433,000 -20,291,000 -9,870,000 -19,427,000 -48,138,000 15,054,000 14,198,000 
      cash flows from financing activities
    		                                                                    
      proceeds from debt
    		0 498,410,000 250,000,000 55,000,000         0                 65,000,000 0 0 265,000,000                                    
      repayments of debt
    		-62,500,000 -542,500,000 -137,500,000 -62,500,000 -62,500,000 -62,500,000 -62,500,000 -62,500,000                                                             
      dividend payments
    		-41,644,000 -39,512,000 -39,571,000 -39,246,000 -39,370,000 -37,156,000 -37,088,000 -37,053,000 -37,224,000 -33,899,000 -33,813,000 -33,665,000 -33,600,000 -30,886,000 -30,792,000 -30,656,000 -30,783,000 -28,958,000 -29,083,000 -29,103,000 -29,001,000 -27,075,000 -27,104,000 -27,259,000 -27,327,000 -24,190,000 -24,252,000 -21,631,000 -23,539,000 -19,867,000 -17,910,000 -18,079,000 -18,053,000 -13,649,000 -13,631,000  -12,001,000 -12,098,000 -12,084,000 -12,294,000 -10,545,000 -10,593,000 -10,517,000 -10,586,000 -9,266,000 -9,360,000 -9,282,000 -9,366,000 -8,391,000 -8,427,000 -8,586,000 -8,597,000 -5,708,000 -5,755,000 -5,788,000 -5,862,000 -3,011,000 -2,850,000 -2,931,000  -2,395,000 -2,377,000 -2,378,000 -2,295,000 -2,132,000 -2,082,000   
      proceeds from employee stock plans
    		9,072,000 12,272,000 21,494,000 38,850,000 8,214,000 16,953,000 38,140,000 28,404,000 16,121,000 12,280,000 20,182,000 23,423,000 11,874,000 17,245,000 21,165,000 35,763,000 17,215,000 18,436,000 10,533,000 17,993,000 30,197,000 14,836,000 33,760,000 16,727,000 35,564,000 29,397,000 13,965,000 8,745,000 32,099,000 16,685,000 11,997,000 6,823,000 20,025,000 18,204,000 13,102,000  13,633,000 6,423,000 7,420,000 5,143,000 9,975,000 7,816,000 20,145,000 8,070,000 8,869,000 9,782,000 28,529,000 5,531,000 9,872,000 4,914,000 3,487,000 4,131,000 3,753,000 4,918,000 7,760,000 4,176,000 4,840,000 2,618,000 3,978,000 4,928,000 5,546,000 4,333,000 1,822,000 2,911,000 2,885,000 10,434,000 2,604,000 2,415,000 
      repurchases of common stock
    		-106,619,000 -80,696,000 -64,352,000 -48,790,000 -63,317,000 -59,753,000 -52,255,000 -59,910,000 -109,628,000    0 0 0 -18,639,000 -92,492,000 -57,570,000 -71,496,000 -43,144,000  -12,410,000 -74,172,000 -84,423,000 -47,555,000 -46,021,000 -64,718,000 -121,963,000 -29,046,000 -84,860,000                                       
      other financing activities
    		-6,803,000 -1,759,000 -5,542,000 -13,385,000 -969,000 -1,225,000 -960,000 -13,505,000 -1,436,000 -492,000 -791,000 -10,990,000 -2,596,000 -5,000 -308,000 -2,950,000 -1,893,000 -7,000 -236,000 -2,123,000        1,776,000                                         
      net cash from financing activities
    		-208,494,000 -153,785,000 24,529,000 -70,071,000 -157,942,000 -143,681,000 -114,663,000 -144,564,000 -194,667,000 -151,703,000                    -17,531,000 -80,518,000 -80,891,000 231,704,000 -100,376,000 -24,738,000 -73,340,000 -20,217,000 -48,943,000 -16,218,000 -89,526,000 -54,222,000 -46,401,000 -8,974,000 -39,416,000 -43,561,000 -50,802,000 -17,789,000 -36,411,000 -7,360,000 -19,650,000 -46,998,000 -15,066,000 -1,246,000 -33,894,000 -23,377,000 -46,220,000 -7,761,000 -17,596,000 -2,629,000  -1,351,000 3,007,000 -469,000 -10,100,000 504,000 8,321,000   
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    		1,084,000 10,014,000                                                                   
      net increase in cash, cash equivalents and restricted cash
    		-18,710,000 78,813,000                                                                   
      cash and cash equivalents at beginning of period
    		0 0 0 422,979,000 0 0 0 425,444,000 0 0 0 503,273,000 0 0 0 681,865,000 0 0 0 585,605,000 0 0 0 359,799,000 0 0 208,623,000 0 -33,676,000 228,407,000 0 0 158,914,000 0 189,044,000  0 0 181,685,000  0 0 195,741,000  0 0 216,320,000  0 0 117,986,000  0 0 168,834,000  0 0 126,549,000  0 0 59,457,000 0 0 78,580,000  0 
      cash, cash equivalents and restricted cash at end of period
    		-18,710,000 78,813,000                                                                   
      reconciliation of total cash, cash equivalents and restricted cash:
    		                                                                    
      cash and cash equivalents
    		-18,710,000 77,813,000                                                                   
      restricted cash included in prepaid expenses and other current assets
    		0 0                                                                   
      restricted cash included in other assets
    		0 1,000,000                                                                   
      total cash, cash equivalents and restricted cash
    		-18,710,000 78,813,000                                                                   
      effect of exchange rate changes on cash and cash equivalents
    		   -5,052,000 4,275,000 -1,779,000 -1,182,000 1,050,000 897,000 420,000 1,381,000 1,317,000 -10,318,000 -5,536,000 -1,024,000 -5,550,000 -5,911,000 2,098,000 3,595,000 -45,000 10,020,000 -569,000 -503,000 2,725,000 -3,751,000 1,596,000 -2,251,000 -7,026,000 12,560,000 -7,276,000 4,543,000 -4,774,000 -3,377,000 -1,429,000 2,162,000  -6,469,000 1,072,000 -5,413,000 -1,060,000 2,643,000 4,270,000 1,421,000 2,465,000 -2,392,000 -5,049,000 833,000 1,356,000 2,336,000 -1,156,000 -2,773,000 -1,377,000 85,000 -170,000 341,000 243,000 51,000 15,000 267,000  -983,000 -86,000 318,000 680,000 -56,000 -673,000   
      net increase in cash and cash equivalents
    		   -133,811,000 -30,165,000 71,436,000 -30,147,000 -13,589,000 -61,183,000 41,301,000 8,184,000 -66,131,000 -23,693,000 -246,046,000   23,525,000 55,656,000   127,898,000 114,219,000   105,625,000 47,957,000 -38,245,000 -20,567,000 94,016,000 -55,119,000 12,266,000 -4,978,000 21,234,000 -59,398,000 21,668,000  43,532,000 -8,756,000 12,069,000 -26,983,000 5,563,000 754,000 6,610,000 -28,972,000 20,118,000 -13,266,000 1,541,000 25,209,000 58,803,000 8,452,000 5,870,000 -48,843,000 43,449,000 -31,542,000 -13,912,000 -3,211,000 32,903,000 265,000 12,328,000 24,365,000 29,236,000     -28,218,000   
      cash and cash equivalents at end of period
    		   289,168,000 -30,165,000 71,436,000 -30,147,000 411,855,000 -61,183,000 41,301,000 8,184,000 437,142,000 -23,693,000 -246,046,000 99,112,000 673,900,000 23,525,000 55,656,000 42,547,000 560,137,000 127,898,000 114,219,000 7,271,000 336,217,000 105,625,000 47,957,000 170,378,000 -20,567,000 60,340,000 173,288,000 12,266,000 -4,978,000 180,148,000 -59,398,000 210,712,000  43,532,000 -8,756,000 193,754,000  5,563,000 754,000 202,351,000  20,118,000 -13,266,000 217,861,000  58,803,000 8,452,000 123,856,000  43,449,000 -31,542,000 154,922,000  32,903,000 265,000 138,877,000  29,236,000 21,877,000 51,071,000 25,262,000 -12,968,000 50,362,000  3,341,000 
      asset impairments
    		    3,614,000 165,000 54,000 844,000 24,779,000 438,000 447,000 282,000                                                         
      payments of debt issuance costs
    		            0                                                        
      supplemental disclosure of cash flow information
    		                                                                    
      cash paid during the year for interest
    		                                                                    
      cash paid during the year for income taxes, net of refunds
    		                                                                    
      supplemental disclosure of non-cash transactions
    		                                                                    
      dividends declared, not paid
    		                                                                    
      accounts receivable, net of reserves
    		     32,292,000 -29,710,000 -9,758,000 -2,224,000 16,415,000 -30,647,000 -23,647,000 6,025,000 -1,301,000 -32,436,000 -5,268,000 10,441,000 8,626,000 -15,079,000 -342,000 -3,517,000 16,744,000 -22,710,000 875,000 22,788,000 -16,093,000 -3,583,000 19,374,000 -6,322,000 -9,985,000 -5,633,000 -7,282,000 1,599,000 -6,914,000 -4,655,000  4,786,000 -6,626,000 10,171,000 -7,467,000 2,964,000 -6,632,000 -4,176,000 -476,000 9,698,000 -7,883,000 2,544,000 7,725,000 11,044,000 -10,310,000 3,546,000 -5,490,000 1,398,000                
      repayment of debt
    		         -62,500,000 -125,000,000 -125,000,000                                                         
      purchases of property, equipment, leasehold improvements and internal-use software
    		           -17,960,000 -15,206,000 -15,404,000 -11,963,000 -8,583,000 -13,911,000 -18,656,000 -10,425,000 -18,333,000                                                 
      net cash from / (used in) financing activities
    		           -146,232,000                                                         
      impairment charge
    		            1,287,000 48,998,000                                                       
      deferred fees
    		            -10,191,000 -2,110,000 16,449,000 -10,248,000 -3,820,000 -3,547,000 22,169,000 -9,724,000 -4,285,000 -919,000 17,258,000 -6,483,000 -4,903,000 16,979,000 -7,250,000 -5,071,000 21,216,000 -3,118,000 2,783,000 3,501,000 -2,588,000 1,527,000 410,000  983,000 1,976,000 -1,279,000 -1,768,000 2,222,000 2,215,000 550,000 -2,300,000 -2,223,000 1,689,000 -4,925,000 -611,000 -887,000 2,661,000 -1,689,000 23,000 567,000 176,000 -3,417,000 -177,000 150,000 2,745,000 -2,717,000 -158,000 5,487,000 1,652,000 -949,000  2,416,000 -1,368,000   
      net cash provided by/(used in) financing activities
    		                                                                    
      net cash used by financing activities
    		              -9,935,000 -16,482,000 -107,953,000 -68,099,000 -90,282,000 -56,377,000  -24,655,000 -69,102,000 -94,955,000 -40,219,000 -40,814,000 -75,005,000 -133,073,000                                         
      net decrease in cash and cash equivalents
    		               -7,965,000    -25,468,000    -23,582,000                                       -8,386,000 25,262,000     
      acquisition of business, net of cash and cash equivalents acquired
    		                  0 -41,916,000                                                 
      loss on sale of assets
    		                    6,000 21,000   -1,000 15,000 181,000                                          
      cash flows from investing activities:
    		                                                                    
      purchases of property, equipment, leasehold improvements and intangible assets
    		                                                                    
      acquisition of businesses and investments, net of cash and cash equivalents acquired
    		                                                                    
      repurchase of common stock
    		                              -77,128,000 -71,356,000 -44,339,000 -110,769,000 -28,241,000  -27,317,000 -45,063,000 -14,732,000 -83,633,000 -57,806,000 -49,038,000 -26,107,000 -39,327,000 -46,382,000 -54,989,000 -52,118,000 -33,600,000 -10,704,000 -17,248,000 -42,275,000 -12,132,000 -350,000 -35,718,000 -29,669,000 -46,562,000 -12,305,000 -16,309,000 -5,123,000  -6,678,000 -431,000 -256,000 -10,716,000 -249,000 -31,000   
      tax benefits from share-based payment arrangements
    		                             -5,511,000 -2,523,000 -1,721,000 -9,083,000 -5,838,000 -4,032,000  -5,468,000 -1,795,000 -3,178,000 -1,258,000 -4,154,000 -5,414,000 -7,505,000 -2,427,000 -3,218,000 -3,765,000 -15,082,000 -1,024,000 -1,863,000 -1,111,000 -376,000 -1,532,000                 
      purchases of property, equipment, leasehold improvements and intangible assets, net of proceeds from dispositions
    		                                                                    
      other financing
    		                     -6,000                                               
      purchases of property, equipment and leasehold improvements, net of proceeds from dispositions
    		                      -25,119,000 -26,780,000 -11,424,000 -11,956,000 -9,526,000 -6,000,000 162,000 -12,537,000 -8,233,000 -12,053,000 -14,385,000 -2,987,000 -6,097,000  -6,219,000 -4,590,000 -6,054,000 -6,537,000                             
      deferred rent and other non-current liabilities
    		                         480,000 -1,126,000 807,000 -3,411,000 3,225,000 1,440,000 8,117,000 1,255,000 -1,279,000 997,000  -258,000 -311,000 -611,000                              
      other working capital accounts
    		                         218,000 -144,000 177,000 166,000 -152,000 -147,000 -132,000 110,000 483,000 -409,000  114,000 -666,000 -66,000 1,741,000 -1,223,000 -171,000 -46,000 2,093,000 -2,834,000 -1,679,000 730,000 -2,698,000 2,038,000 903,000 -1,882,000 -1,504,000 950,000 -557,000 -491,000 -1,350,000 1,634,000 210,000 -371,000 -1,881,000 1,683,000 1,824,000 235,000 -2,960,000 2,161,000 2,271,000   
      proceeds from maturity of investments
    		                         3,468,000 6,573,000                                          
      loss on sale of business
    		                                                                    
      loss on disposition of assets
    		                           -7,000                                         
      acquisition of businesses, net of cash acquired
    		                             -71,689,000 0                              -407,000 -6,710,000 -21,163,000      
      proceeds from sales of investments
    		                           0 -9,629,000 19,501,000 0 0 12,423,000 0 7,500,000             0 0 0 25,260,000 13,039,000 12,460,000 14,739,000 4,154,000 4,229,000 3,400,000 4,430,000 5,154,000          
      debt issuance costs
    		                              0 0 -12,000                                    
      gain on sale of assets
    		                                 0 -2,000  0 0 -1,000 -19,000 1,000 -3,000 -1,000 43,000 -6,000 40,000 -157,000 11,000 -1,000   -10,000 0                
      changes in assets and liabilities, net of effects of an acquisition
    		                                                                    
      acquisition of business, net of cash acquired
    		                                -264,087,000                    0             -46,157,000   
      changes in assets and liabilities, net of effects of acquisition
    		                                                                    
      changes in assets and liabilities
    		                                                                    
      capital expenditures
    		                                                                    
      free cash flow
    		                                                                    
      cash and cash equivalents at end of year
    		                                                                    
      purchase of investments
    		                                      -15,000,000                              
      cash and cash equivalents at beginning of year
    		                                                                    
      cash paid during the year for income taxes
    		                                                                    
      landlord contributions
    		                                        0   0 0 270,000 213,000 0 1,949,000 0 687,000 335,000 467,000 117,000 90,000 2,460,000 16,000 57,000 359,000 0 464,000        
      purchases of property, equipment and leasehold improvements
    		                                         -7,412,000 -8,021,000 -7,092,000 -4,625,000 -2,313,000 -6,738,000 -5,077,000 -3,183,000 -6,401,000 -9,379,000 -9,939,000 -12,781,000 -7,310,000 -5,750,000 -13,844,000 -10,107,000 -7,327,000 -7,973,000  -13,436,000 -5,673,000 -1,417,000 -7,972,000     
      prepaid fundamentals database updates
    		                                           0 0 1,375,000 1,375,000                      
      repayment of note
    		                                                       0 -48,000            
      changes in assets and liabilities, net of effects of business acquired
    		                                                                    
      (gain) loss on sale of assets
    		                                                  -130,000                  
      insurance proceeds from fixed asset recoveries
    		                                                      175,000              
      gain on sale of company-owned real estate
    		                                                            0 0 -1,342,000      
      proceeds from sale of company-owned real estate
    		                                                           0 0 0 2,910,000      
      excess tax benefits from share-based payment arrangements
    		                                                     -11,301,000 4,320,000              
      taxes payable
    		                                                     -12,849,000 8,381,000 1,146,000 -2,484,000 -12,123,000 9,308,000 -63,000 404,000 -2,978,000 6,134,000   1,449,000   
      deferred rent
    		                                                     575,000 930,000              
      income tax benefits from stock option exercises
    		                                                        2,763,000 1,155,000 1,447,000     696,000 1,079,000 4,113,000 525,000 313,000 
      loss on disposal of assets
    		                                                      88,000              
      receivables from clients and clearing broker, net of reserves
    		                                                      -3,410,000              
      net gain realized on sale of available-for-sale securities
    		                                                       0 -1,000            
      receivables from clients and clearing broker
    		                                                       -4,514,000 14,804,000 -8,567,000 -1,972,000  -3,742,000 -1,637,000 -1,740,000      
      gain on sale of equipment
    		                                                                    
      accrued esop contribution
    		                                                                  260,000 660,000 
      purchases of investments, net of proceeds from sales
    		                                                                    
      proceeds from sales of investments, net of purchases
    		                                                                    
      (purchases) proceeds from sales of investments
    		                                                              -621,000      
      deferred tax provision
    		                                                               2,720,000     
      net income adjusted for non-cash items
    		                                                               26,698,000 20,697,000 22,063,000 20,054,000 18,185,000 
      receivables from clients and clearing brokers
    		                                                               12,732,000 -13,744,000 -3,390,000   
      deferred fees and commissions
    		                                                                    
      current taxes payable
    		                                                               2,134,000    2,453,000 
      landlord contributions to leasehold improvements
    		                                                               465,000   0 0 
      (purchases) sales of investments
    		                                                               -1,862,000     
      acquisition of businesses, net of working capital acquired
    		                                                                    
      deferred tax expense
    		                                                                 1,073,000   
      proceeds from sales (purchases) of investments
    		                                                                 1,976,000   
      purchases of property, equipment and leasehold improvements, net of retirements
    		                                                                 -3,957,000   
      deferred tax (benefit) expense
    		                                                                    
      deferred tax benefit
    		                                                                    
      sales (purchases) of investments
    		                                                                   26,738,000 
      the accompanying notes are an integral part of these consolidated financial statements.
    		                                                                    
      changes in assets and liabilities, net of acquired working capital
    		                                                                    
      prepaid taxes
    		                                                                    
      acquisition of business, net of working capital acquired
    		                                                                    
      receivables from employees
    		                                                                    
      acquisition of business (see note 5), net of acquired assets
    		                                                                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.