Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 26,882 $ 42,350
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and capitalized software 12,947 10,967
Amortization of intangible assets 3,149 1,474
Deferred income taxes (499) (925)
Stock compensation expense 4,332 3,966
Changes in assets and liabilities:    
Accounts receivable — billed and billable (29,747) (4,242)
Accounts receivable — unbilled (1,853) (4,314)
Prepaid expenses and other current assets 5,316 (221)
Deferred contract costs 764 (3,454)
Accounts payable and accrued liabilities 8,188 13,441
Accrued compensation and benefits (21,383) (23,901)
Deferred revenue (2,886) 3,610
Income taxes (3,043) 18,836
Other assets and liabilities (801) (993)
Cash provided by operating activities 1,366 56,594
Cash flows from investing activities:    
Purchases of property and equipment (9,693) (12,754)
Capitalized software costs (992) (1,356)
Acquisition of businesses, net of cash acquired (2,606) 0
Proceeds from note receivable 84 160
Cash used in investing activities (13,207) (13,950)
Cash flows from financing activities:    
Cash dividends paid (2,941) (2,962)
Repurchases of common stock (31,138) (32,616)
Tax withholding related to RSU vesting (11,553) (12,337)
Borrowings under credit facility 47,070 0
Repayment of credit facility and other long-term debt (12,721) (39)
Cash used in financing activities (11,283) (47,954)
Effect of exchange rate changes on cash and cash equivalents (590) (3,606)
Net decrease in cash and cash equivalents (23,714) (8,916)
Cash and cash equivalents, beginning of period 74,672 158,112
Cash and cash equivalents, end of period $ 50,958 $ 149,196