Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 29,322 $ 26,936
Restricted cash 99,494 85,543
Accounts receivable, less allowance for doubtful accounts of $2,147 and $2,363 at June 30, 2015 and December 31, 2014, respectively 65,478 64,845
Prepaid expenses 8,524 7,647
Deferred tax asset, net 11,111 10,996
Other current assets 1,203 1,848
Total current assets 215,132 197,815
Property, equipment and software, net 70,831 72,616
Goodwill 220,555 193,378
Identified intangible assets, net 113,550 100,085
Deferred tax asset, net 1,445 2,537
Other assets 4,895 5,059
Total assets 626,408 571,490
Current liabilities:    
Accounts payable 17,323 14,830
Accrued expenses and other current liabilities 33,929 22,905
Current portion of deferred revenue 74,650 73,485
Customer deposits held in restricted accounts 99,618 85,489
Total current liabilities 225,520 196,709
Deferred revenue 7,063 6,903
Deferred tax liability, net 3,202 5,196
Revolving credit facility 50,000 20,000
Other long-term liabilities 13,259 13,902
Total liabilities $ 299,044 $ 242,710
Commitments and contingencies (Note 8)    
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized and zero shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively $ 0 $ 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 82,990,920 and 83,211,650 shares issued and 79,266,900 and 79,037,351 shares outstanding at June 30, 2015 and December 31, 2014, respectively 83 83
Additional paid-in capital 451,316 437,664
Treasury stock, at cost: 3,724,020 and 4,174,299 shares at June 30, 2015 and December 31, 2014, respectively (21,814) (33,398)
Accumulated deficit (101,776) (75,360)
Accumulated other comprehensive loss (445) (209)
Total stockholders’ equity 327,364 328,780
Total liabilities and stockholders’ equity $ 626,408 $ 571,490