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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 189,697 $ 216,394
Receivables, net of allowances of $2,062 and $1,758, respectively 398,164 414,399
Settlement assets 498,971 318,871
Prepaid expenses 37,212 29,218
Other current assets 20,706 11,940
Total current assets 1,144,750 990,822
Noncurrent assets    
Accrued receivables, net 345,608 360,079
Property and equipment, net 33,195 35,069
Operating lease right-of-use assets 29,179 28,864
Software, net 88,574 92,893
Goodwill 1,226,026 1,226,026
Intangible assets, net 156,538 165,377
Deferred income taxes, net 80,831 72,713
Other noncurrent assets 33,582 53,450
TOTAL ASSETS 3,138,283 3,025,293
Current liabilities    
Accounts payable 58,082 45,422
Settlement liabilities 498,523 317,484
Employee compensation 40,786 55,567
Current portion of long-term debt 40,909 34,928
Deferred revenue 71,695 75,419
Other current liabilities 64,626 73,808
Total current liabilities 774,621 602,628
Noncurrent liabilities    
Deferred revenue 17,928 19,304
Long-term debt 857,112 889,649
Deferred income taxes, net 42,050 39,920
Operating lease liabilities 23,550 22,592
Other noncurrent liabilities 29,524 26,873
Total liabilities 1,744,785 1,600,966
Commitments and contingencies
Stockholders’ equity    
Preferred stock; $0.01 par value; 5,000,000 shares authorized; no shares issued at June 30, 2025, and December 31, 2024 0 0
Common stock; $0.005 par value; 280,000,000 shares authorized; 140,525,055 shares issued at June 30, 2025, and December 31, 2024 702 702
Additional paid-in capital 733,542 731,927
Retained earnings 1,669,157 1,598,085
Treasury stock, at cost, 37,112,283 and 35,270,142 shares at June 30, 2025, and December 31, 2024, respectively (910,960) (784,914)
Accumulated other comprehensive loss (98,943) (121,473)
Total stockholders’ equity 1,393,498 1,424,327
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,138,283 $ 3,025,293