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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 92,915 $ 60,158
Accounts receivable 1,847 1,339
Prepaid expenses 5,413 4,475
Inventory 499 675
Income tax receivable   692
Current assets before funds held for clients 100,674 67,339
Funds held for clients 950,980 858,244
Total current assets 1,051,654 925,583
Property and equipment, net 106,485 96,848
Deposits and other assets 1,369 1,215
Goodwill 51,889 51,889
Intangible assets, net 1,468 1,871
Deferred income tax assets, net 5,687 1,207
Total assets 1,218,552 1,078,613
Current liabilities:    
Accounts payable 3,134 3,737
Income tax payable 16,577  
Accrued commissions and bonuses 2,726 8,003
Accrued payroll and vacation 7,688 4,769
Deferred revenue 5,611 5,230
Current portion of long-term debt 1,126 1,113
Accrued expenses and other current liabilities 17,587 17,798
Current liabilities before client funds obligation 54,449 40,650
Client funds obligation 950,980 858,244
Total current liabilities 1,005,429 898,894
Long-term deferred revenue 36,555 34,481
Net long-term debt, less current portion 30,389 28,711
Total long-term liabilities 66,944 63,192
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value (100,000,000 shares authorized; 58,471,563 and 58,453,283 shares issued at March 31, 2017 and December 31, 2016, respectively; 57,349,302 and 57,331,022 shares outstanding at March 31, 2017 and December 31, 2016, respectively) 585 585
Additional paid-in capital 99,490 95,452
Retained earnings 96,062 70,448
Treasury stock, at cost (1,122,261 shares at March 31, 2017 and December 31, 2016) (49,958) (49,958)
Total stockholders' equity 146,179 116,527
Total liabilities and stockholders' equity $ 1,218,552 $ 1,078,613