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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,161 $ 3,494
Restricted cash 34,924 27,880
Accounts receivable, net 218,317 175,354
Other current assets 25,489 21,407
Current assets before funds held for clients 279,891 228,135
Funds held for clients 148,704 213,457
Total current assets 428,595 441,592
Non-current assets:    
Property and equipment, net 23,728 19,450
Goodwill and other intangible assets, net 618,846 584,401
Assets of deferred compensation plan 76,251 69,912
Notes receivable 1,198 1,227
Other non-current assets 2,048 2,006
Total non-current assets 722,071 676,996
Total assets 1,150,666 1,118,588
Current liabilities:    
Accounts payable 62,013 45,772
Income taxes payable 6,946 1,048
Accrued personnel costs 36,265 45,221
Notes payable 1,210 1,060
Contingent purchase price liability 18,396 16,322
Other current liabilities 16,604 16,169
Current liabilities before client fund obligations 141,434 125,592
Client fund obligations 148,814 213,855
Total current liabilities 290,248 339,447
Non-current liabilities:    
Bank debt 210,600 191,400
Debt issuance costs (1,090) (1,351)
Total long-term debt 209,510 190,049
Notes payable 1,696 1,721
Income taxes payable 4,612 4,426
Deferred income taxes, net 4,464 3,545
Deferred compensation plan obligations 76,251 69,912
Contingent purchase price liability 24,830 17,387
Other non-current liabilities 15,693 12,080
Total non-current liabilities 337,056 299,120
Total liabilities 627,304 638,567
STOCKHOLDERS' EQUITY    
Common stock 1,296 1,282
Additional paid in capital 668,542 655,629
Retained earnings 330,797 294,925
Treasury stock (476,986) (471,311)
Accumulated other comprehensive loss (287) (504)
Total stockholders’ equity 523,362 480,021
Total liabilities and stockholders’ equity $ 1,150,666 $ 1,118,588