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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 96,734 $ 114,118
Short-term investments 5,524 3,105
Restricted Cash and Cash Equivalents, Current 11,219 0
Funds Held for Clients 7,953 14,394
Trade accounts receivable, less allowances of $3,560 and $2,833, respectively 102,813 62,713
Other current assets 16,531 12,716
Total current assets 240,774 207,046
Property and equipment, net 41,430 37,061
Goodwill 559,163 441,404
Intangibles, net 47,011 41,336
Indefinite-lived intangibles 38,694 30,887
Capitalized Software Development Costs for Software Sold to Customers 8,744 5,955
Deferred tax asset, net 35,398 31,345
Other assets 54,718 8,721
Total assets 1,025,932 803,755
Current liabilities:    
Accounts payable and accrued liabilities 50,845 30,461
Accrued payroll and related benefits 7,006 7,474
Funds Held for Clients, Liability 7,953 14,394
Short Term Debt, net 12,364 12,364
Acquisition Obligations 43,824 0
Capital lease obligations 9 9
Current deferred rent 283 281
Contingent liability for accrued earn-out acquisition consideration 5,921 1,921
Deferred revenue 20,302 22,564
Other current liabilities 259 244
Total current liabilities 148,766 89,712
Revolving line of credit 234,029 154,029
Long-term Debt and Capital Lease Obligations, net 96,580 105,824
Other liabilities 9,305 6,070
Contingent liability for accrued earn-out acquisition consideration 33,258 6,589
Deferred revenue 1,321 1,886
Long term deferred rent 752 1,009
Total liabilities 524,011 365,119
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at September 30, 2017 and December 31, 2016 0 0
Common stock, $0.10 par value, 120,000,000 shares authorized, 31,463,603 issued and outstanding, at September 30, 2017 and 60,000,000 shares authorized, 32,093,294 issued and outstanding at December 31, 2016 3,146 3,209
Additional paid-in capital 659 0
Retained earnings 486,771 457,364
Accumulated other comprehensive loss (29,760) (33,677)
Total stockholders’ equity 460,816 426,896
Stockholders' Equity Attributable to Noncontrolling Interest 41,105 11,740
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 501,921 438,636
Total liabilities and stockholders’ equity $ 1,025,932 $ 803,755