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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 898,426 $ 779,345
Restricted cash 333 332
Short-term investments 222,205 195,534
Receivables, net 101,297 107,547
Prepaid expenses and other current assets 23,662 29,271
Total current assets 1,245,923 1,112,029
Property and equipment, net 76,920 68,742
Goodwill 297,409 297,409
Acquired intangible assets, net 130,095 155,369
Deferred tax assets, net 1,482 10,143
Other assets 33,324 8,291
Total assets 1,785,153 1,651,983
Current liabilities:    
Accounts payable and accrued expenses 99,854 89,977
Customer obligations 762,100 695,368
Other current liabilities 1,757 628
Total current liabilities 863,711 785,973
Long-term debt, net of financing costs 244,693 244,915
Other non-current liabilities 11,608 8,845
Total liabilities 1,120,012 1,039,733
Commitments and contingencies (Note 15)
Stockholders’ Equity:    
Common stock, $0.001 par value (authorized 1,000,000 shares; 40,333 shares issued and 39,853 shares outstanding at December 31, 2018; 40,251 shares issued and 39,771 shares outstanding at December 31, 2017) 41 41
Additional paid-in capital 582,521 562,131
Treasury stock at cost (480 shares at December 31, 2018 and 2017) (22,309) (22,309)
Accumulated other comprehensive loss (754) (354)
Retained earnings 105,642 72,741
Total stockholders’ equity 665,141 612,250
Total liabilities and stockholders’ equity $ 1,785,153 $ 1,651,983