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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,402 $ 8,090
Restricted cash 27,740 30,362
Accounts receivable, net 504,107 380,152
Other current assets 41,570 34,895
Current assets before funds held for clients 574,819 453,499
Funds held for clients 147,345 159,186
Total current assets 722,164 612,685
Non-current assets:    
Property and equipment, net 57,994 57,012
Goodwill and other intangible assets, net 1,038,410 1,008,604
Assets of deferred compensation plan 157,709 143,499
Right-of-use assets, net 209,231 211,024
Other non-current assets 11,490 10,768
Total non-current assets 1,474,834 1,430,907
Total assets 2,196,998 2,043,592
Current liabilities:    
Accounts payable 93,530 82,831
Income taxes payable 26,817 2,097
Accrued personnel costs 71,377 133,593
Contingent purchase price liabilities 64,559 66,287
Operating lease liabilities 37,183 36,283
Other current liabilities 28,555 30,937
Current liabilities before client fund obligations 322,021 352,028
Client fund obligations 148,034 159,893
Total current liabilities 470,055 511,921
Non-current liabilities:    
Bank debt 437,800 312,400
Debt issuance costs (1,456) (1,574)
Total long-term debt, net 436,344 310,826
Income taxes payable 2,091 1,984
Deferred income taxes, net 31,686 29,287
Deferred compensation plan obligations 157,709 143,499
Contingent purchase price liabilities 29,627 48,659
Lease liabilities 201,115 203,905
Other non-current liabilities 1,282 1,893
Total non-current liabilities 859,854 740,053
Total liabilities 1,329,909 1,251,974
STOCKHOLDERS' EQUITY    
Common stock 1,379 1,374
Additional paid in capital 841,268 832,475
Retained earnings 931,968 855,084
Treasury stock (910,322) (899,093)
Accumulated other comprehensive income 2,796 1,778
Total stockholders’ equity 867,089 791,618
Total liabilities and stockholders’ equity $ 2,196,998 $ 2,043,592