v2.4.0.8
Condensed Consolidated Balance Sheets (unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 18,473 $ 13,362
Restricted cash 370 369
Accounts receivable 1,468 1,705
Prepaid expenses 1,581 2,133
Inventory 384 578
Income tax receivable   150
Deferred tax assets 2,422 3,672
Current assets before funds held for clients 24,698 21,969
Funds held for clients 393,633 455,779
Total current assets 418,331 477,748
Property, plant and equipment, net of accumulated depreciation of $15.5 million and $11.5 million, respectively 46,642 38,671
Deposits and other assets 595 461
Goodwill 51,889 51,889
Intangible assets, net of accumulated amortization of $11.7 million and $10.5 million, respectively 5,499 6,709
Total assets 522,956 575,478
Current liabilities:    
Accounts payable 1,976 5,020
Income tax payable 148  
Accrued commissions and bonuses 2,568 3,598
Accrued payroll and vacation 2,665 3,087
Deferred revenue 2,186 1,582
Current portion of long-term debt 845 9,545
Accrued expenses and other current liabilities 3,871 4,372
Current liabilities before client funds obligation 14,259 27,204
Client funds obligation 393,633 455,779
Total current liabilities 407,892 482,983
Deferred tax liabilities 3,059 2,895
Long-term deferred revenue 15,048 10,990
Long-term debt, less current portion 26,341 11,545
Long-term debt to related parties   60,875
Derivative liability   1,107
Total long-term liabilities 44,448 87,412
Commitments and contingencies      
Stockholders' equity:    
Common stock, $0.01 par value (100,000,000 shares authorized, 51,041,157 and 45,708,573 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively) 510 457
Additional paid in capital 66,949 33,978
Retained earnings (accumulated deficit) 3,157 (29,349)
Total parent's stockholders' equity 70,616 5,086
Noncontrolling interest   (3)
Total stockholders' equity 70,616 5,083
Total liabilities and stockholders' equity $ 522,956 $ 575,478