XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,076 $ 8,090
Restricted cash 43,104 30,362
Accounts receivable, net 476,565 380,152
Other current assets 42,902 34,895
Current assets before funds held for clients 563,647 453,499
Funds held for clients 112,148 159,186
Total current assets 675,795 612,685
Non-current assets:    
Property and equipment, net 55,677 57,012
Goodwill and other intangible assets, net 1,030,104 1,008,604
Assets of deferred compensation plan 165,466 143,499
Right-of-use assets, net 199,808 211,024
Other non-current assets 6,520 10,768
Total non-current assets 1,457,575 1,430,907
Total assets 2,133,370 2,043,592
Current liabilities:    
Accounts payable 87,154 82,831
Income taxes payable 12,247 2,097
Accrued personnel costs 116,884 133,593
Contingent purchase price liabilities 54,644 66,287
Operating lease liabilities 38,939 36,283
Other current liabilities 30,730 30,937
Current liabilities before client fund obligations 340,598 352,028
Client fund obligations 112,319 159,893
Total current liabilities 452,917 511,921
Non-current liabilities:    
Bank debt 337,300 312,400
Debt issuance costs (1,465) (1,574)
Total long-term debt, net 335,835 310,826
Income taxes payable 2,218 1,984
Deferred income taxes, net 33,623 29,287
Deferred compensation plan obligations 165,466 143,499
Contingent purchase price liabilities 23,358 48,659
Lease liabilities 190,055 203,905
Other non-current liabilities 1,978 1,893
Total non-current liabilities 752,533 740,053
Total liabilities 1,205,450 1,251,974
STOCKHOLDERS' EQUITY    
Common stock 1,379 1,374
Additional paid in capital 850,076 832,475
Retained earnings 986,845 855,084
Treasury stock (910,537) (899,093)
Accumulated other comprehensive income 157 1,778
Total stockholders’ equity 927,920 791,618
Total liabilities and stockholders’ equity $ 2,133,370 $ 2,043,592