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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 514 $ 850
Restricted cash 33,015 24,860
Accounts receivable, net 194,419 153,608
Income taxes refundable   966
Deferred income taxes, net   4,796
Other current assets 21,705 15,903
Current assets before funds held for clients 249,653 200,983
Funds held for clients 133,679 171,497
Total current assets 383,332 372,480
Non-current assets:    
Property and equipment, net 19,360 20,162
Goodwill and other intangible assets, net 575,851 535,653
Assets of deferred compensation plan 70,768 64,245
Notes receivable 1,765 1,760
Other non-current assets 1,869 2,031
Total non-current assets 669,613 623,851
Total assets 1,052,945 996,331
Current liabilities:    
Accounts payable 42,526 35,555
Income taxes payable 8,175  
Accrued personnel costs 39,471 39,611
Notes payable 636  
Contingent purchase price liability 16,166 12,855
Other current liabilities 11,352 11,714
Current liabilities before client fund obligations 118,326 99,735
Client fund obligations 133,057 171,318
Total current liabilities 251,383 271,053
Non-current liabilities:    
Convertible notes, net   750
Bank debt [1] 219,600 205,800
Debt issuance costs [1] (1,482) (1,869)
Total long-term debt 218,118 204,681
Notes payable 1,318  
Income taxes payable 4,331 4,084
Deferred income taxes, net [1] 1,830 4,902
Deferred compensation plan obligations 70,768 64,245
Contingent purchase price liability 17,748 11,962
Other non-current liabilities 12,763 7,456
Total non-current liabilities 326,876 297,330
Total liabilities 578,259 568,383
STOCKHOLDERS' EQUITY    
Common stock 1,276 1,262
Additional paid in capital 648,847 634,626
Retained earnings 295,611 254,860
Treasury stock (470,124) (462,167)
Accumulated other comprehensive loss (924) (633)
Total stockholders’ equity 474,686 427,948
Total liabilities and stockholders’ equity $ 1,052,945 $ 996,331
[1] See Note 15 to accompanying consolidated financial statements for discussion of our adoption of ASU 2015-03, ASU 2015-15 and ASU 2015-17 (as defined in Note 15).