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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 109,050 $ 104,737
Receivables — net of allowance of $2,365 and $2,336, respectively 39,589 32,766
Deferred income taxes-current   836
Prepaid expenses 9,376 2,198
Other current assets 219 1,320
Total current assets 158,234 141,857
Property and equipment—net 37,336 23,678
Restricted cash 345 345
Deferred income taxes-noncurrent 1,059 3,284
Other assets 1,075 1,007
Total assets 198,049 170,171
Current liabilities:    
Accounts payable 424 1,607
Accrued liabilities:    
Taxes payable 624 1,263
Network and facilities 10,984 7,266
Rent 1,969 2,015
Payroll and related items 2,918 3,079
Other 1,297 897
Total current liabilities $ 18,216 $ 16,127
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred stock—par value of $.001; 50,000 authorized shares; no shares issued and outstanding at December 31, 2015 and December 31, 2014
Common stock—par value of $.001; 150,000 authorized shares; 33,891 shares and 33,458 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively $ 34 $ 33
Less treasury stock, at cost; 3,351 shares at December 31, 2015 and December 31, 2014 (51,668) (51,668)
Additional paid-in capital 225,474 217,628
Retained earnings (accumulated deficit) 5,993 (11,949)
Total shareholders’ equity 179,833 154,044
Total liabilities and shareholders' equity $ 198,049 $ 170,171