v3.2.0.727
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Unrestricted cash and cash equivalents $ 763,870 $ 724,158
Federal funds sold 481 480
Restricted cash 4,665 2,015
Investment securities available-for-sale, at fair value 76,746 46,650
Settlement assets 46,855 148,694
Accounts receivable, net 23,193 48,917
Prepaid expenses and other assets 30,142 23,992
Income tax receivable 0 16,290
Total current assets 945,952 1,011,196
Restricted cash 2,182 2,152
Investment securities, available-for-sale, at fair value 122,433 73,781
Loans to bank customers, net of allowance for loan losses of $377 and $444 as of June 30, 2015 and December 31, 2014, respectively 6,451 6,550
Prepaid expenses and other assets 11,052 11,883
Property and equipment, net 76,705 77,284
Deferred expenses 7,805 17,326
Net deferred tax assets 8,557 6,268
Goodwill and intangible assets 484,383 417,200
Total assets 1,665,520 1,623,640
Current liabilities:    
Accounts payable 19,729 36,444
Deposits 608,081 565,401
Obligations to customers 55,321 98,052
Settlement obligations 4,300 4,484
Amounts due to card issuing banks for overdrawn accounts 1,721 1,224
Other accrued liabilities 69,901 79,137
Deferred revenue 13,749 24,418
Note payable 22,500 22,500
Income tax payable 11,213 0
Net deferred tax liabilities 4,253 3,995
Total current liabilities 810,768 835,655
Other accrued liabilities 40,254 31,495
Note payable 116,250 127,500
Total liabilities $ 967,272 $ 994,650
Commitments and contingencies    
Stockholders’ equity:    
Additional paid-in capital $ 408,522 $ 383,296
Retained earnings 290,002 245,693
Accumulated other comprehensive loss (330) (52)
Total stockholders’ equity 698,248 628,990
Total liabilities and stockholders’ equity 1,665,520 1,623,640
Convertible Series A preferred stock [Member]    
Stockholders’ equity:    
Convertible Series A preferred stock, $0.001 par value (as converted): 10 shares authorized as of June 30, 2015 and December 31, 2014; 2 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively 2 2
Common Class A [Member]    
Stockholders’ equity:    
Class A common stock, $0.001 par value: 100,000 shares authorized as of June 30, 2015 and December 31, 2014; 51,911 and 51,146 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively $ 52 $ 51