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, unless otherwise specified
 6 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 75,066 $ 53,005
Adjustments to reconcile net income to net cash provided by operating activities:    
(Income) loss from discontinued operations (104) 492
Depreciation and amortization 23,759 17,934
Deferred income taxes (1,387) 6,757
Non-cash equity based compensation 8,561 7,062
Change in assets and liabilities:    
Accounts receivable - billed (37,516) (33,311)
Accounts receivable - unbilled (50) (8,152)
Prepaid expenses and other current assets 2,539 (2,521)
Deferred contract costs 1,979 (1,413)
Accounts payable and accrued liabilities 3,835 8,728
Accrued compensation and benefits (7,450) (1,877)
Deferred revenue (6,211) (2,934)
Income taxes 10,153 (6,561)
Other assets and liabilities 3,390 2,285
Cash provided by operating activities - continuing operations 76,564 39,494
Cash used in operating activities - discontinued operations (104) (554)
Cash provided by operating activities 76,460 38,940
Cash flows from investing activities:    
Purchases of property and equipment (9,516) (13,351)
Capitalized software costs (7,317) (8,240)
Proceeds from settlement of final PSI price   3,380
Acquisition of business, net of cash acquired (2,670)  
Proceeds from note receivable 154 172
Cash used in investing activities (19,349) (18,039)
Cash flows from financing activities:    
Repurchases of common stock (34,696) (15,403)
Employee tax withholding on restricted stock unit vesting (12,905) (6,677)
Tax benefit due to option exercises and restricted stock units vesting 2,925 4,680
Cash dividends paid (6,138) (6,131)
Stock option exercises 518 1,752
Issuance of long-term debt 15,000  
Repayment of long-term debt (15,082) (87)
Cash used in financing activities (50,378) (21,866)
Effect of exchange rate changes on cash and cash equivalents (1,027) (1,004)
Net increase/(decrease) in cash and cash equivalents 5,706 (1,969)
Cash and cash equivalents, beginning of period 125,617 189,312
Cash and cash equivalents, end of period $ 131,323 $ 187,343