Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 450,535	$ 466,950
Trade accounts receivable—net of allowance for doubtful accounts of $2,233 and $1,179, respectively	53,797	51,644
Deferred commissions	9,676	9,279
Prepaid expenses and other current assets	18,872	14,127
Total current assets before customer fund assets	532,880	542,000
Funds held from customers	28,096	24,383
Receivable from customers—net of allowance of $305 and $270, respectively	588	420
Total current assets	561,564	566,803
Noncurrent assets:
Deferred commissions	30,990	29,137
Operating lease right-of-use assets—net	53,929	49,321
Property and equipment—net	34,185	34,997
Intangible assets—net	20,949	22,932
Goodwill	101,035	101,224
Other noncurrent assets	3,237	2,853
Total assets	805,889	807,267
Current liabilities:
Trade payables	15,289	11,693
Accrued expenses	45,187	62,104
Deferred revenue	164,699	160,271
Accrued earnout liabilities	3,671	4,120
Operating lease liabilities	10,140	8,756
Total current liabilities before customer fund obligations	238,986	246,944
Customer fund obligations	28,817	24,783
Total current liabilities	267,803	271,727
Noncurrent liabilities:
Deferred revenue	670	970
Accrued earnout liabilities	0	9,835
Operating lease liabilities	59,887	58,301
Deferred tax liability	399	337
Other noncurrent liabilities	836	2,375
Total liabilities	329,595	343,545
Commitments and contingencies	0	0
Shareholders' equity:
Preferred stock, $0.0001 par value– no shares issued and outstanding at March 31, 2020 and December 31, 2019, and 20,000 shares authorized as of March 31, 2020 and December 31, 2019	0	0
Common stock, $0.0001 par value– 78,295 and 77,448 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively, and 600,000 shares authorized as of March 31, 2020 and December 31, 2019	8	8
Additional paid-in capital	1,003,857	976,627
Accumulated other comprehensive loss	(2,094)	(2,719)
Accumulated deficit	(525,477)	(510,194)
Total shareholders’ equity	476,294	463,722
Total liabilities and shareholders' equity	$ 805,889	$ 807,267