Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 18,566 $ 26,936
Restricted cash 94,086 85,543
Accounts receivable, less allowance for doubtful accounts of $1,926 and $2,363 at September 30, 2015 and December 31, 2014, respectively 68,460 64,845
Prepaid expenses 9,610 7,647
Deferred tax asset, net 17,635 10,996
Other current assets 2,571 1,848
Total current assets 210,928 197,815
Property, equipment and software, net 71,944 72,616
Goodwill 220,104 193,378
Identified intangible assets, net 87,287 100,085
Deferred tax asset, net 0 2,537
Other assets 5,201 5,059
Total assets 595,464 571,490
Current liabilities:    
Accounts payable 15,670 14,830
Accrued expenses and other current liabilities 33,582 22,905
Current portion of deferred revenue 77,217 73,485
Customer deposits held in restricted accounts 93,956 85,489
Total current liabilities 220,425 196,709
Deferred revenue 7,107 6,903
Deferred tax liability, net 1,439 5,196
Revolving credit facility 44,000 20,000
Other long-term liabilities 10,574 13,902
Total liabilities $ 283,545 $ 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 September 30, 2015 and December 31, 2014, respectively $ 0 $ 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 82,370,113 and 83,211,650 shares issued and 78,479,774 and 79,037,351 shares outstanding at September 30, 2015 and December 31, 2014, respectively 82 83
Additional paid-in capital 456,707 437,664
Treasury stock, at cost: 3,890,339 and 4,174,299 shares at September 30, 2015 and December 31, 2014, respectively (23,496) (33,398)
Accumulated deficit (120,898) (75,360)
Accumulated other comprehensive loss (476) (209)
Total stockholders’ equity 311,919 328,780
Total liabilities and stockholders’ equity $ 595,464 $ 571,490