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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 49,545 $ 48,738
Adjustments to reconcile net income to net cash provided by operating activities:    
Tax benefit from stock-based compensation 10,402 10,675
Depreciation and amortization 902 0
Impairment charges 1,005 (1,130)
Deferred taxes (27) (32)
Accrued interest on note receivable - related party 10,773 9,636
Deferred rent expense 669 936
Marketable Securities, Realized Gain (Loss) 29  
Realized (gain) loss on sale of marketable securities 29 779
Changes in fair value on contingent liability (754) 1,518
Provision for Doubtful Accounts 8,032 0
Changes, net of acquisitions, in:    
Accounts receivable 18,546 15,353
Factor accounts receivable (69,615) (33,533)
Notes receivable - related party 11,309 (14,289)
Repayment of Notes Receivable from Related Parties 205 205
Inventories (4,005) (2,021)
Prepaid expenses, prepaid taxes, deposits and other 15,305 25,725
Increase (Decrease) in Employee Related Liabilities (2,614) (3,089)
Increase (Decrease) in Other Accrued Liabilities (175) (980)
Net cash provided by operating activities 49,474 58,491
Cash flows from investing activities:    
Capital expenditures (7,672) (8,402)
Purchases of marketable securities (32,508) (13,210)
Repayment of notes receivable 44,149 14,052
Proceeds from Collection of Notes Receivable 221 0
Acquisitions, net of cash acquired (17,396) 0
Net cash used in investing activities (13,206) (7,560)
Cash flows from financing activities:    
Proceeds from exercise of stock options (63,941) (41,070)
Tax benefit from the exercise of options 5,649 3,708
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (5,321) (6,281)
Net cash used in financing activities (63,613) (47,402)
Effect of Exchange Rate on Cash and Cash Equivalents 641 328
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests 0 (3,759)
Net (decrease) increase in cash and cash equivalents (26,704) 3,857
Cash and cash equivalents – beginning of period 126,115 72,414
Cash and cash equivalents – end of period $ 99,411 $ 76,271