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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 39,817 $ 13,826
Restricted cash 49,145 38,661
Accounts receivable, net 676,054 534,858
Other current assets 82,142 72,528
Current assets before funds held for clients 847,158 659,873
Funds held for clients 118,877 175,853
Total current assets 966,035 835,726
Non-current assets:    
Property and equipment, net 88,535 88,163
Goodwill and other intangible assets, net 2,899,958 2,945,470
Assets of deferred compensation plan 177,150 167,170
Right-of-use assets, net 367,476 393,512
Other non-current assets 38,819 40,842
Total non-current assets 3,571,938 3,635,157
Total assets 4,537,973 4,470,883
Current liabilities:    
Accounts payable 119,339 90,646
Income taxes payable 23,892 0
Accrued personnel costs 106,612 172,759
Contingent purchase price liabilities 37,325 61,164
Lease liabilities 62,187 60,549
Short-term debt [1] 66,274 66,177
Other current liabilities 67,987 78,579
Current liabilities before client fund obligations 483,616 529,874
Client fund obligations 118,705 175,928
Total current liabilities 602,321 705,802
Non-current liabilities:    
Long-term debt [1] 1,488,215 1,333,755
Income taxes payable 2,595 2,193
Deferred income taxes, net 13,154 10,880
Deferred compensation plan obligations 177,150 167,170
Contingent purchase price liabilities 11,408 35,803
Lease liabilities 345,635 372,586
Other non-current liabilities 5,652 62,711
Total non-current liabilities 2,043,809 1,985,098
Total liabilities 2,646,130 2,690,900
STOCKHOLDERS' EQUITY    
Common stock 1,429 1,380
Additional paid in capital 1,821,388 1,791,863
Retained earnings 1,060,837 896,122
Treasury stock (989,680) (910,601)
Accumulated other comprehensive (loss) income (2,131) 1,219
Total stockholders’ equity 1,891,843 1,779,983
Total liabilities and stockholders’ equity $ 4,537,973 $ 4,470,883
[1] Reflects the net debt for the Term Loan and Revolving Credit Facility with the associated debt issuance costs in short-term and long-term liabilities. See Note 5. Debt and Financing Arrangements for further discussion of the short-term and long-term debt.