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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 48,547 $ 25,144
Restricted cash   371
Accounts receivable 3,397 2,794
Prepaid expenses 2,426 1,952
Inventory 639 195
Income tax receivable   935
Deferred tax assets, net 316 1,445
Current assets before funds held for clients 55,325 32,836
Funds held for clients 615,895 660,557
Total current assets 671,220 693,393
Property and equipment, net 53,674 47,919
Deposits and other assets 913 645
Goodwill 51,889 51,889
Intangible assets, net 3,886 5,096
Total assets 781,582 798,942
Current liabilities:    
Accounts payable 3,853 3,042
Income tax payable 1,608  
Accrued commissions and bonuses 4,509 5,080
Accrued payroll and vacation 4,106 1,582
Deferred revenue 3,329 2,535
Current portion of long-term debt 875 855
Accrued expenses and other current liabilities 7,401 5,121
Current liabilities before client funds obligation 25,681 18,215
Client funds obligation 615,895 660,557
Total current liabilities 641,576 678,772
Deferred tax liabilities, net 464 3,107
Long-term deferred revenue 22,657 16,802
Long-term debt, less current portion 25,206 26,123
Total long-term liabilities $ 48,327 $ 46,032
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value (100,000,000 shares authorized, 57,050,684 and 53,832,782 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively) $ 571 $ 538
Additional paid in capital 69,657 67,937
Retained earnings 21,451 5,663
Total stockholders' equity 91,679 74,138
Total liabilities and stockholders' equity $ 781,582 $ 798,942