XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 75,228 $ 115,154
Accounts receivable, net of allowance of $6,022 and $5,830 85,406 67,249
Prepaid expenses and other current assets 108,831 33,268
Total current assets 269,465 215,671
Property and equipment, net 61,929 54,548
Right-of-use assets 16,229 17,593
Intangible assets, net 193,785 173,087
Goodwill 382,166 381,920
Deferred tax assets, net 19,545 16,533
Other assets 72,801 21,832
Total assets 1,015,920 881,184
Current liabilities:    
Accounts payable 7,147 7,183
Accrued expenses 123,834 89,387
Contributor royalties payable 49,678 38,649
Deferred revenue 203,100 187,070
Debt 30,000 50,000
Other current liabilities 10,505 11,445
Total current liabilities 424,264 383,734
Deferred tax liability, net 4,372 4,465
Lease liabilities 31,451 35,611
Other non-current liabilities 23,870 9,892
Total liabilities 483,957 433,702
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 39,956 and 39,605 shares issued and 35,749 and 35,829 shares outstanding as of September 30, 2023 and December 31, 2022, respectively 399 396
Treasury stock, at cost; 4,207 and 3,776 shares as of September 30, 2023 and December 31, 2022, respectively (219,012) (200,008)
Additional paid-in capital 412,861 391,482
Accumulated comprehensive loss (15,588) (15,439)
Retained earnings 353,303 271,051
Total stockholders’ equity 531,963 447,482
Total liabilities and stockholders’ equity $ 1,015,920 $ 881,184