Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 39,217,000 $ 34,502,000
Restricted cash 46,927,000 71,941,000
Accounts receivable, less allowance for doubtful accounts of $2,137 and $914 at June 30, 2014 and December 31, 2013, respectively 59,979,000 66,635,000
Deferred tax asset, net 6,836,000 3,284,000
Other current assets 8,308,000 7,453,000
Total current assets 161,267,000 183,815,000
Property, equipment and software, net 66,515,000 54,775,000
Goodwill 197,658,000 152,422,000
Identified intangible assets, net 106,382,000 108,815,000
Other assets 4,167,000 3,386,000
Total assets 535,989,000 503,213,000
Current liabilities:    
Accounts payable 21,579,000 11,978,000
Accrued expenses and other current liabilities 27,436,000 23,122,000
Current portion of deferred revenue 66,695,000 66,085,000
Customer deposits held in restricted accounts 46,895,000 71,910,000
Total current liabilities 162,605,000 173,095,000
Deferred revenue 6,838,000 5,671,000
Deferred tax liability, net 1,081,000 1,379,000
Revolving credit facility 25,000,000 0
Other long-term liabilities 14,647,000 8,564,000
Total liabilities 210,171,000 188,709,000
Commitments and contingencies (Note 8) 0 0
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized and zero shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 0 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 82,016,928 and 80,511,791 shares issued and 79,082,594 and 78,433,626 shares outstanding at June 30, 2014 and December 31, 2013, respectively 82,000 81,000
Additional paid-in capital 415,127,000 390,854,000
Treasury stock, at cost: 2,934,334 and 2,078,165 shares at June 30, 2014 and December 31, 2013, respectively (17,007,000) (11,183,000)
Accumulated deficit (72,213,000) (65,086,000)
Accumulated other comprehensive loss (171,000) (162,000)
Total stockholders’ equity 325,818,000 314,504,000
Total liabilities and stockholders’ equity $ 535,989,000 $ 503,213,000