Condensed Consolidated Statements of Cash Flows Parenthetical
$ in Thousands
6 Months Ended
Jun. 30, 2016
USD ($)
Net cash provided by operating activities $ 61,033 [1]
Net cash provided by (used in) financing activities 18,040 [1]
Adjustments for New Accounting Pronouncement, ASU 2016-09  
Net cash provided by operating activities 600
Net cash provided by (used in) financing activities $ (600)
[1] (1) We adopted Accounting Standards Update ("ASU") 2016-09 in the first quarter of 2017. Prior to the adoption of ASU 2016-09, excess tax benefits related to stock awards were required to be presented as an inflow from financing activities and an outflow from operating activities on the statement of cash flows. Under the new standard, all tax-related cash flows resulting from share-based payments are reported as operating activities. We adopted the new requirement retrospectively, and for the six months ended June 30, 2016, this resulted in an increase to net cash provided by operating activities of $0.6 million and a corresponding decrease to net cash provided by (used in) financing activities of $0.6 million.