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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 144,028 $ 15,813
Investment securities—current 32,689 22,876
Accounts receivable, net 9,416 7,562
Prepaid expenses and other current assets 15,720 15,540
Total current assets 201,853 61,791
Investment securities—noncurrent 5,135 12,089
Property and equipment, net 26,565 14,744
Operating lease right-of-use assets 24,645 27,803
Capitalized software, net 33,543 30,023
Goodwill 56,147 58,425
Intangible assets, net 17,544 21,377
Deferred taxes 14,826 27,574
Other long-term assets 6,014 6,276
Total assets 386,272 260,102
Current liabilities    
Accounts payable 3,591 1,927
Accrued employee expenses 18,379 17,758
Accrued expenses 13,546 10,833
Deferred revenue 2,457 4,586
Income tax payable 13,571 0
Other current liabilities 4,607 11,139
Term loan, net—current portion 0 1,208
Total current liabilities 56,151 47,451
Operating lease liabilities 32,755 33,312
Term loan, net 0 47,375
Deferred taxes 10,130 0
Other long-term liabilities 2,720 14
Total liabilities 101,756 128,152
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 25,000 shares authorized and no shares issued and outstanding as of September 30, 2020 and December 31, 2019 0 0
Additional paid-in capital 159,296 161,509
Accumulated other comprehensive income 90 33
Treasury stock, at cost, 419 and 371 shares of Class A common stock as of September 30, 2020 and December 31, 2019, respectively (25,756) (21,562)
Retained earnings (accumulated deficit) 150,882 (8,034)
Total stockholders’ equity 284,516 131,950
Total liabilities and stockholders’ equity 386,272 260,102
Class A common stock    
Stockholders’ equity:    
Common stock 2 2
Class B common stock    
Stockholders’ equity:    
Common stock $ 2 $ 2