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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 258,112 $ 314,017
Accounts receivable, net of allowance of $2,125 and $1,910 44,774 47,707
Prepaid expenses and other current assets 36,833 26,491
Total current assets 339,719 388,215
Property and equipment, net 50,206 48,074
Right-of-use assets 32,935 34,570
Intangible assets, net 116,859 123,822
Goodwill 219,176 219,816
Deferred tax assets, net 11,559 10,512
Other assets 25,524 26,701
Total assets 795,978 851,710
Current liabilities:    
Accounts payable 7,208 10,092
Accrued expenses 74,131 99,529
Contributor royalties payable 29,816 29,004
Deferred revenue 178,734 180,979
Other current liabilities 13,997 14,180
Total current liabilities 303,886 333,784
Deferred tax liability, net 2,517 2,781
Lease liabilities 35,857 36,966
Other non-current liabilities 9,295 9,697
Total liabilities 351,555 383,228
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 39,352 and 39,209 shares issued and 36,138 and 36,417 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 394 392
Treasury stock, at cost; 3,214 and 2,792 shares as of March 31, 2022 and December 31, 2021, respectively (165,465) (127,196)
Additional paid-in capital 373,765 376,537
Accumulated comprehensive loss (11,674) (10,788)
Retained earnings 247,403 229,537
Total stockholders’ equity 444,423 468,482
Total liabilities and stockholders’ equity $ 795,978 $ 851,710