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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 402.0 $ 294.0
Accounts receivable 39.2 16.4
Prepaid expenses 44.4 37.6
Inventory 1.4 1.4
Income tax receivable 11.9 18.4
Deferred contract costs 140.4 118.2
Current assets before funds held for clients 639.3 486.0
Funds held for clients 3,665.5 2,327.4
Total current assets 4,304.8 2,813.4
Property and equipment, net 561.4 498.2
Intangible assets, net 46.2 50.1
Goodwill 51.9 51.9
Long-term deferred contract costs 783.6 680.3
Operating lease right-of-use assets 80.6 73.8
Other assets 31.4 29.8
Total assets 5,859.9 4,197.5
Current liabilities:    
Accounts payable 23.9 13.9
Accrued commissions and bonuses 33.0 30.5
Accrued payroll and vacation 59.0 56.1
Deferred revenue 30.0 22.8
Operating lease liabilities 20.4 19.2
Accrued expenses and other current liabilities 74.8 64.0
Current liabilities before client funds obligation 241.1 206.5
Client funds obligation 3,665.7 2,328.1
Total current liabilities 3,906.8 2,534.6
Deferred income tax liabilities, net 149.7 143.8
Long-term deferred revenue 114.6 107.7
Long-term operating lease liabilities 63.0 56.7
Other long-term liabilities 49.9 51.7
Total long-term liabilities 377.2 359.9
Total liabilities 4,284.0 2,894.5
Commitments and contingencies (Note 13 "Commitments and Contingencies")
Stockholders’ equity:    
Common stock, $0.01 par value (100 shares authorized, 63.0 and 62.7 shares issued at December 31, 2024 and December 31, 2023, respectively; 55.9 and 56.5 shares outstanding at December 31, 2024 and December 31, 2023, respectively) 0.6 0.6
Additional paid-in capital 724.8 724.4
Retained earnings 1,887.5 1,470.0
Accumulated other comprehensive earnings (loss) (0.6) (1.0)
Treasury stock, at cost (7.1 and 6.1 shares at December 31, 2024 and December 31, 2023, respectively) (1,036.4) (891.0)
Total stockholders’ equity 1,575.9 1,303.0
Total liabilities and stockholders’ equity $ 5,859.9 $ 4,197.5