v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 594,734 $ 197,154
Restricted cash 227,522 243,323
Accounts receivable, less allowances of $14,272 and $10,271 at December 31, 2020 and 2019, respectively 145,681 143,127
Prepaid expenses 29,576 24,539
Other current assets 29,559 27,387
Total current assets 1,027,072 635,530
Property, equipment, and software, net 181,211 163,282
Right-of-use assets 110,637 121,941
Goodwill 1,771,035 1,611,749
Intangible assets, net 344,879 372,996
Deferred tax assets, net 23,471 33,812
Other assets 29,710 30,507
Total assets 3,488,015 2,969,817
Current liabilities:    
Accounts payable 44,034 40,092
Accrued expenses and other current liabilities 116,530 89,038
Current portion of deferred revenue 143,956 134,148
Current portion of term loans 30,000 18,750
Convertible notes, net 318,281 0
Customer deposits held in restricted accounts 227,373 243,316
Total current liabilities 880,174 525,344
Liabilities, Noncurrent [Abstract]    
Deferred revenue 4,227 4,793
Revolving facility 0 230,000
Term loans, net 545,830 575,313
Convertible notes, net 288,283 305,188
Lease liabilities, net of current portion 121,127 133,313
Other long-term liabilities 33,031 22,940
Total liabilities 1,872,672 1,796,891
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized and zero shares issued and outstanding at December 31, 2020 and 2019, respectively 0 0
Common stock, $0.001 par value: 250,000,000 shares authorized, 102,694,840 and 96,100,296 shares issued and 102,134,949 and 94,744,157 shares outstanding at December 31, 2020 and 2019, respectively 103 96
Additional paid-in capital 1,603,610 1,222,356
Treasury stock, at cost: 559,891 and 1,356,139 shares at December 31, 2020 and 2019, respectively (22,070) (39,483)
Retained earnings (deficit) 38,103 (7,695)
Accumulated other comprehensive loss (4,403) (2,348)
Total stockholders’ equity 1,615,343 1,172,926
Total liabilities and stockholders’ equity $ 3,488,015 $ 2,969,817

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