XML 46 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 50,714,000 $ 25,144,000
Restricted cash 0 371,000
Accounts receivable 2,354,000 2,794,000
Prepaid expenses 3,531,000 1,952,000
Inventory 1,093,000 195,000
Income tax receivable 6,743,000 935,000
Current assets before funds held for clients 64,435,000 31,391,000
Funds held for clients 696,703,000 660,557,000
Total current assets 761,138,000 691,948,000
Property and equipment, net 58,858,000 47,919,000
Deposits and other assets 1,404,000 645,000
Goodwill 51,889,000 51,889,000
Intangible assets, net 3,484,000 5,096,000
Total assets 876,773,000 797,497,000
Current liabilities:    
Accounts payable 4,899,000 3,042,000
Accrued commissions and bonuses 8,687,000 5,080,000
Accrued payroll and vacation 2,898,000 1,582,000
Deferred revenue 3,726,000 2,535,000
Current portion of long-term debt 886,000 855,000
Accrued expenses and other current liabilities 9,735,000 5,121,000
Current liabilities before client funds obligation 30,831,000 18,215,000
Client funds obligation 696,703,000 660,557,000
Total current liabilities 727,534,000 678,772,000
Deferred income tax liabilities, net 641,000 1,662,000
Long-term deferred revenue 25,310,000 16,802,000
Long-term debt, less current portion 24,974,000 26,123,000
Total long-term liabilities $ 50,925,000 $ 44,587,000
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value (100,000,000 shares authorized, 57,119,873 and 53,832,782 shares issued and outstanding at December 31, 2015 and 2014, respectively) $ 571,000 $ 538,000
Additional paid in capital 71,135,000 67,937,000
Retained earnings 26,608,000 5,663,000
Total stockholders' equity 98,314,000 74,138,000
Total liabilities and stockholders' equity $ 876,773,000 $ 797,497,000