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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 15,999 $ 47,865
Accounts receivable, net 249,062 245,449
Prepaid expenses 19,914 16,809
Other current assets 1,078 1,958
Total current assets 286,053 312,081
Property, equipment and leasehold improvements, net 22,264 20,145
Goodwill [1] 581,379 508,297
Intangible assets, net 109,409 84,673
Long-term accounts receivable, less current portion 67,495 62,717
Deferred tax assets 40,596 50,405
Deferred financing costs, net 2,386 2,520
Other assets 4,178 3,969
Total assets 1,113,760 [2],[3] 1,044,807
Current liabilities:    
Accounts payable 65,948 60,599
Accrued expenses 55,261 60,748
Accrued interest expense 13,414 6,245
Deferred revenue 3,498 $ 3,684
Current portion of contingent earnout obligation 2,556
Other current liabilities 7,282 $ 9,056
Total current liabilities 147,959 140,332
Notes payable 493,359 493,126
Senior secured revolving credit facility and working capital facilities 82,578 $ 35,243
Long-term contingent earnout obligation, less current portion 5,079
Deferred tax liabilities 3,250 $ 3,333
Other long-term liabilities 14,225 12,738
Total liabilities $ 746,450 $ 684,772
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; Authorized 50,000 shares; no shares issued and outstanding at December 31, 2015 and March 31, 2016
Common stock, $0.0001 par value; Authorized 250,000 shares; issued 42,983 and 43,222 shares at December 31, 2015 and March 31, 2016, respectively $ 4 $ 4
Additional paid-in capital 457,193 446,409
Accumulated other comprehensive loss (24,766) (26,003)
Accumulated deficit (27,359) (30,619)
Treasury stock, at cost; Outstanding 1,705 and 2,015 shares at December 31, 2015 and March 31, 2016, respectively (37,762) (29,756)
Total stockholders’ equity 367,310 360,035
Total liabilities and stockholders' equity $ 1,113,760 $ 1,044,807
[1] Goodwill recorded in connection with certain tax benefits to be realized in the Company’s U.S. income tax returns has been reflected in the United States segment.
[2] For segment purposes, the Company defines "segment profit" as earnings before interest expenses, income taxes, depreciation and amortization, share-based compensation expenses, acquisition related transaction costs and other expenses. A consolidated reconciliation from segment profit to income from operations is included below.
[3] Total assets and long-lived assets include goodwill. Goodwill recorded in connection with certain tax benefits to be realized in the Company's U.S. income tax returns has been reflected in the United States segment.