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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 18,588 $ 5,995
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,909 2,133
Amortization of debt issuance costs 32 13
Stock-based compensation expense 1,223 254
Deferred income taxes, net (3,644) (101)
Changes in operating assets and liabilities:    
Accounts receivable (226) 1,110
Prepaid expenses (1,262) (1,092)
Inventory 423 (523)
Deposits and other assets 420 (119)
Accounts payable (1,170) (515)
Income taxes, net 13,325 4,288
Accrued commissions and bonuses (6,903) (3,512)
Accrued payroll and vacation 2,339 1,578
Deferred revenue 1,783 1,439
Accrued expenses and other current liabilities 2,111 2,188
Net cash provided by operating activities 29,948 13,136
Cash flows from investing activities    
(Increase) decrease in funds held for clients (428,916) 68,994
Decrease in restricted cash   371
Purchases of property and equipment (8,363) (2,502)
Net cash provided by (used in) investing activities (437,279) 66,863
Cash flows from financing activities    
Principal payments on long-term debt (224) (464)
Increase (decrease) in client funds obligation 428,916 (68,994)
Payment of debt issuance costs   (12)
Net cash provided by (used in) financing activities 428,692 (69,470)
Net increase in cash and cash equivalents 21,361 10,529
Cash and cash equivalents    
Beginning of period 50,714 25,144
End of period $ 72,075 $ 35,673