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
 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 76,223 $ 81,378
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and capitalized software 25,859 23,706
Amortization of intangible assets 6,411 2,907
Deferred income taxes (327) (10,134)
Stock compensation expense 9,151 8,436
Changes in assets and liabilities:    
Accounts receivable — billed and billable (35,051) (80,883)
Accounts receivable — unbilled (4,851) (2,311)
Prepaid expenses and other current assets 5,443 (6,043)
Deferred contract costs 810 (7,105)
Accounts payable and accrued liabilities (19,949) 27,274
Accrued compensation and benefits (14,211) (12,263)
Deferred revenue (2,009) 21,858
Income taxes (22,597) 19,583
Other assets and liabilities (3,038) (4,337)
Cash provided by operating activities 21,864 62,066
Cash flows from investing activities:    
Purchases of property and equipment and capitalized software costs (19,836) (47,473)
Acquisition of businesses, net of cash acquired (41,812) 0
Other 210 282
Cash used in investing activities (61,438) (47,191)
Cash flows from financing activities:    
Cash dividends paid (5,860) (5,928)
Repurchases of common stock (31,138) (32,616)
Tax withholding related to RSU vesting (11,597) (12,453)
Expansion of credit facility 0 (1,444)
Borrowings under credit facility 130,563 0
Repayment of credit facility and other long-term debt (55,219) (74)
Cash provided by/(used in) financing activities 26,749 (52,515)
Effect of exchange rate changes on cash and cash equivalents (1,064) (5,937)
Net decrease in cash and cash equivalents (13,889) (43,577)
Cash and cash equivalents, beginning of period 74,672 158,112
Cash and cash equivalents, end of period $ 60,783 $ 114,535