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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 56,779 $ 15,813
Investment securities—current 7,952 22,876
Accounts receivable, net 9,617 7,562
Prepaid expenses and other current assets 18,362 15,540
Total current assets 92,710 61,791
Investment securities—noncurrent 6,676 12,089
Property and equipment, net 22,536 14,744
Operating lease right-of-use assets 26,750 27,803
Capitalized software, net 32,587 30,023
Goodwill 58,425 58,425
Intangible assets, net 20,121 21,377
Deferred taxes 27,212 27,574
Other long-term assets 6,410 6,276
Total assets 293,427 260,102
Current liabilities    
Accounts payable 2,509 1,927
Accrued employee expenses 11,833 17,758
Accrued expenses 11,419 10,833
Deferred revenue 5,732 4,600
Other current liabilities 5,636 11,139
Term loan, net—current portion 1,520 1,208
Total current liabilities 38,649 47,465
Operating lease liabilities 34,143 33,312
Revolving facility 49,000 0
Term loan, net 46,760 47,375
Total liabilities 168,552 128,152
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 25,000 shares authorized and no shares issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Additional paid-in capital 156,513 161,509
Accumulated other comprehensive income 165 33
Treasury stock, at cost, 419 and 371 shares of Class A common stock at March 31, 2020 and December 31, 2019, respectively (25,756) (21,562)
Accumulated deficit (6,051) (8,034)
Total stockholders’ equity 124,875 131,950
Total liabilities and stockholders’ equity 293,427 260,102
Class A common stock, $0.0001 par value, 250,000 shares authorized at March 31, 2020 and December 31, 2019; 17,089 and 16,923 shares issued at March 31, 2020 and December 31, 2019, respectively; 16,670 and 16,552 shares outstanding at March 31, 2020 and December 31, 2019, respectively    
Stockholders’ equity:    
Common stock 2 2
Class B common stock, $0.0001 par value, 50,000 shares authorized at March 31, 2020 and December 31, 2019; 17,536 and 17,594 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively    
Stockholders’ equity:    
Common stock $ 2 $ 2