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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 76,244 $ 314,017
Accounts receivable, net of allowance of $3,498 and $1,910 52,713 47,707
Prepaid expenses and other current assets 32,095 26,491
Total current assets 161,052 388,215
Property and equipment, net 55,141 48,074
Right-of-use assets 32,946 34,570
Intangible assets, net 172,916 123,822
Goodwill 379,505 219,816
Deferred tax assets, net 12,391 10,512
Other assets 26,229 26,701
Total assets 840,180 851,710
Current liabilities:    
Accounts payable 6,467 10,092
Accrued expenses 80,699 99,529
Contributor royalties payable 35,974 29,004
Deferred revenue 174,384 180,979
Debt 50,000 0
Other current liabilities 12,549 14,180
Total current liabilities 360,073 333,784
Deferred tax liability, net 3,495 2,781
Lease liabilities 35,871 36,966
Other non-current liabilities 10,158 9,697
Total liabilities 409,597 383,228
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 39,585 and 39,209 shares issued and 35,809 and 36,417 shares outstanding as of September 30, 2022 and December 31, 2021, respectively 396 392
Treasury stock, at cost; 3,776 and 2,792 shares as of September 30, 2022 and December 31, 2021, respectively (200,008) (127,196)
Additional paid-in capital 380,325 376,537
Accumulated comprehensive loss (22,720) (10,788)
Retained earnings 272,590 229,537
Total stockholders’ equity 430,583 468,482
Total liabilities and stockholders’ equity $ 840,180 $ 851,710