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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 2,424 $ 3,494
Restricted cash 26,651 27,880
Accounts receivable, net 220,859 175,354
Other current assets 24,024 21,407
Current assets before funds held for clients 273,958 228,135
Funds held for clients 158,676 213,457
Total current assets 432,634 441,592
Non-current assets:    
Property and equipment, net 19,945 19,450
Goodwill and other intangible assets, net 582,404 584,401
Assets of deferred compensation plan 72,890 69,912
Notes receivable 1,213 1,227
Other non-current assets 2,101 2,006
Total non-current assets 678,553 676,996
Total assets 1,111,187 1,118,588
Current liabilities:    
Accounts payable 47,057 45,772
Income taxes payable 18,128 1,048
Accrued personnel costs 26,421 45,221
Notes payable 1,015 1,060
Contingent purchase price liability 14,382 16,322
Other current liabilities 11,713 16,169
Current liabilities before client fund obligations 118,716 125,592
Client fund obligations 159,053 213,855
Total current liabilities 277,769 339,447
Non-current liabilities:    
Bank debt 212,700 191,400
Debt issuance costs (1,221) (1,351)
Total long-term debt 211,479 190,049
Notes payable 1,443 1,721
Income taxes payable 4,539 4,426
Deferred income taxes, net 2,864 3,545
Deferred compensation plan obligations 72,890 69,912
Contingent purchase price liability 18,040 17,387
Other non-current liabilities 14,898 12,080
Total non-current liabilities 326,153 299,120
Total liabilities 603,922 638,567
STOCKHOLDERS' EQUITY    
Common stock 1,286 1,282
Additional paid in capital 660,086 655,629
Retained earnings 319,799 294,925
Treasury stock (473,582) (471,311)
Accumulated other comprehensive loss (324) (504)
Total stockholders’ equity 507,265 480,021
Total liabilities and stockholders’ equity $ 1,111,187 $ 1,118,588