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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income $ 116,947 $ 106,101
Adjustments to reconcile net income to net cash used for operating activities:    
Depreciation and amortization 17,280 18,757
Amortization of debt issuance costs 488 487
Amortization of acquired intangible assets 6,927 8,255
Loss on the sale of business classified as held for sale (refer to Note 7) 0 802
Allowance for credit losses (refer to Note 3) 10,897 3,324
Unrealized gain on revaluation of foreign currency assets/liabilities (6,700) (2,994)
Stock-based compensation expense 9,181 19,704
Deferred tax expense 11,510 1,710
Others, net 167 454
Change in operating assets and liabilities:    
Increase in accounts receivable (40,148) (17,794)
Increase in prepaid expenses, other current assets, contract cost assets, operating lease right-of-use assets and other assets (22,495) (11,424)
Increase (decrease) in accounts payable 285 (13,261)
Decrease in accrued expenses, other current liabilities, operating leases liabilities and other liabilities (131,129) (167,217)
Increase in income taxes payable 1,229 19,032
Net cash used for operating activities (25,561) (34,064)
Investing activities    
Purchase of property, plant and equipment (24,005) (12,578)
Payment for internally generated intangible assets (including intangibles under development) (667) (828)
Proceeds from sale of property, plant and equipment 0 9
Payment for business acquisitions, net of cash acquired 0 (682)
Payment for divestiture of business 0 (19,510)
Net cash used for investing activities (24,672) (33,589)
Financing activities    
Repayment of finance lease obligations (3,433) (3,705)
Repayment of long-term debt (13,250) (6,625)
Proceeds from short-term borrowings 50,000 75,000
Repayment of short-term borrowings (10,000) (46,000)
Proceeds from issuance of common shares under stock-based compensation plans 6,797 15,924
Payment for net settlement of stock-based awards (20,820) (18,172)
Payment of earn-out consideration 0 (2,399)
Dividend paid (27,492) (25,255)
Payment for stock repurchased and retired (including expenses related to stock repurchased) (30,002) (30,013)
Net cash used for financing activities (48,200) (41,245)
Net decrease in cash and cash equivalents (98,433) (108,898)
Effect of exchange rate changes (6,839) 14,414
Cash and cash equivalents at the beginning of the period 583,670 646,765
Cash and cash equivalents at the end of the period 478,398 552,281
Supplementary information    
Cash paid during the period for interest 11,393 6,112
Cash paid during the period for income taxes, net of refund $ 20,108 $ 23,001