CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 13,826	$ 8,090
Restricted cash	38,661	30,362
Accounts receivable, net	534,858	380,152
Income tax receivable	4,051	0
Other current assets	68,477	34,895
Current assets before funds held for clients	659,873	453,499
Funds held for clients	175,853	159,186
Total current assets	835,726	612,685
Non-current assets:
Property and equipment, net	88,163	57,012
Goodwill and other intangible assets, net	2,945,470	1,008,604
Assets of deferred compensation plan	167,170	143,499
Right-of-use asset	393,512	211,024
Other non-current assets	40,842	10,768
Total non-current assets	3,635,157	1,430,907
Total assets	4,470,883	2,043,592
Current liabilities:
Accounts payable	90,646	82,831
Income taxes payable	0	2,097
Accrued personnel costs	172,759	133,593
Contingent purchase price liability	61,164	66,287
Lease liability	60,549	36,283
Current portion of Term Loan	70,000	0
Current portion debt issuance costs, Term Loan	(3,823)	0
Total short-term debt	66,177	0
Other current liabilities	78,579	30,937
Current liabilities before client fund obligations	529,874	352,028
Client fund obligations	175,928	159,893
Total current liabilities	705,802	511,921
Non-current liabilities:
Revolver Facility	20,900	312,400
Debt issuance costs, Revolver	(7,160)	(1,574)
Long-term portion, Term Loan	1,330,000	0
Long-term portion debt issuance costs, Term Loan	(9,985)	0
Total long-term debt	1,333,755	310,826
Income taxes payable	2,193	1,984
Deferred income taxes, net	10,880	29,287
Deferred compensation plan obligations	167,170	143,499
Contingent purchase price liability	35,803	48,659
Lease liability	372,586	203,905
Other non-current liabilities	62,711	1,893
Total non-current liabilities	1,985,098	740,053
Total liabilities	2,690,900	1,251,974
STOCKHOLDER EQUITY
Common stock, par value $0.01 per share; shares authorized 250,000; shares issued 137,945 and 137,387; shares outstanding 50,198 and 49,814	1,380	1,374
Additional paid-in capital	1,791,863	832,475
Retained earnings	896,122	855,084
Treasury stock, 87,747 and 87,573 shares	(910,601)	(899,093)
Accumulated other comprehensive income	1,219	1,778
Total stockholders’ equity	1,779,983	791,618
Total liabilities and stockholders’ equity	$ 4,470,883	$ 2,043,592