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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 72,075 $ 50,714
Accounts receivable 2,580 2,354
Prepaid expenses 4,793 3,531
Inventory 736 1,093
Income tax receivable   6,743
Current assets before funds held for clients 80,184 64,435
Funds held for clients 1,125,619 696,703
Total current assets 1,205,803 761,138
Property and equipment, net 66,990 58,858
Deposits and other assets 866 1,286
Goodwill 51,889 51,889
Intangible assets, net 3,081 3,484
Deferred income tax assets, net 3,003  
Total assets 1,331,632 876,655
Current liabilities:    
Accounts payable 5,694 4,899
Income tax payable 6,582  
Accrued commissions and bonuses 1,784 8,687
Accrued payroll and vacation 5,237 2,898
Deferred revenue 3,994 3,726
Current portion of long-term debt 900 886
Accrued expenses and other current liabilities 11,983 9,735
Current liabilities before client funds obligation 36,174 30,831
Client funds obligation 1,125,619 696,703
Total current liabilities 1,161,793 727,534
Deferred income tax liabilities, net   641
Long-term deferred revenue 26,825 25,310
Net long-term debt, less current portion 24,650 24,856
Total long-term liabilities $ 51,475 $ 50,807
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value (100,000,000 shares authorized, 57,138,157 and 57,119,873 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively) $ 571 $ 571
Additional paid in capital 72,597 71,135
Retained earnings 45,196 26,608
Total stockholders' equity 118,364 98,314
Total liabilities and stockholders' equity $ 1,331,632 $ 876,655