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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 46,077 $ 60,158
Accounts receivable 1,576 1,339
Prepaid expenses 4,982 4,475
Inventory 979 675
Income tax receivable 7,047 692
Current assets before funds held for clients 60,661 67,339
Funds held for clients 1,089,201 858,244
Total current assets 1,149,862 925,583
Property and equipment, net 147,705 96,848
Deposits and other assets 1,456 1,215
Goodwill 51,889 51,889
Intangible assets, net 958 1,871
Deferred income tax assets, net 3,294 1,207
Total assets 1,355,164 1,078,613
Current liabilities:    
Accounts payable 6,490 3,737
Accrued commissions and bonuses 9,585 8,003
Accrued payroll and vacation 7,015 4,769
Deferred revenue 6,982 5,230
Current portion of long-term debt 888 1,113
Accrued expenses and other current liabilities 19,991 17,798
Current liabilities before client funds obligation 50,951 40,650
Client funds obligation 1,089,201 858,244
Total current liabilities 1,140,152 898,894
Long-term derivative liability 554  
Long-term deferred revenue 44,642 34,481
Net long-term debt, less current portion 34,414 28,711
Total long-term liabilities 79,610 63,192
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value (100,000,000 shares authorized, 60,149,411 and 58,453,283 shares issued at December 31, 2017 and 2016, respectively; 57,788,573 and 57,331,022 shares outstanding at December 31, 2017 and 2016, respectively) 601 585
Additional paid in capital 137,234 95,452
Retained earnings 137,255 70,448
Treasury stock, at cost (2,360,838 and 1,122,261 shares at December 31, 2017 and 2016, respectively) (139,688) (49,958)
Total stockholders' equity 135,402 116,527
Total liabilities and stockholders' equity $ 1,355,164 $ 1,078,613