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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,881 $ 1,997
Restricted cash 42,188 30,383
Accounts receivable, net 410,481 242,168
Other current assets 12,221 19,217
Current assets before funds held for clients 468,771 293,765
Funds held for clients 185,271 157,909
Total current assets 654,042 451,674
Non-current assets:    
Property and equipment, net 45,690 43,423
Goodwill and other intangible assets, net 946,468 840,783
Assets of deferred compensation plan 118,779 136,321
Operating lease right-of-use assets, net 199,202 151,145
Other non-current assets 8,416 4,588
Total non-current assets 1,318,555 1,176,260
Total assets 1,972,597 1,627,934
Current liabilities:    
Accounts payable 125,852 65,757
Income taxes payable 12,757 1,671
Accrued personnel costs 94,763 114,032
Contingent purchase price liabilities 55,496 34,373
Operating lease liabilities 36,141 30,586
Other current liabilities 19,210 18,755
Current liabilities before client fund obligations 344,219 265,174
Client fund obligations 187,129 158,115
Total current liabilities 531,348 423,289
Non-current liabilities:    
Bank debt 266,000 155,300
Debt issuance costs (2,282) (449)
Total long-term debt, net 263,718 154,851
Income taxes payable 1,893 1,727
Deferred income taxes, net 20,873 15,440
Deferred compensation plan obligations 118,779 136,321
Contingent purchase price liabilities 80,939 44,766
Operating lease liabilities 189,750 145,808
Other non-current liabilities 774 1,184
Total non-current liabilities 676,726 500,097
Total liabilities 1,208,074 923,386
STOCKHOLDERS' EQUITY    
Common stock 1,358 1,352
Additional paid in capital 781,142 770,117
Retained earnings 718,144 628,762
Treasury stock (737,559) (694,716)
Accumulated other comprehensive income (loss) 1,438 (967)
Total stockholders’ equity 764,523 704,548
Total liabilities and stockholders’ equity $ 1,972,597 $ 1,627,934