Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 104,886 $ 30,911
Restricted cash 83,654 85,461
Accounts receivable, less allowance for doubtful accounts of $2,468 and $2,318 at December 31, 2016 and 2015, respectively 92,367 74,192
Prepaid expenses 10,836 8,294
Other current assets 5,712 23,085
Total current assets 297,455 221,943
Property, equipment, and software, net 130,428 82,198
Goodwill 259,938 220,097
Identified intangible assets, net 74,976 81,280
Deferred tax assets, net 15,665 12,051
Other assets 9,636 5,632
Total assets 788,098 623,201
Current liabilities:    
Accounts payable 21,421 17,448
Accrued expenses and other current liabilities 50,464 28,294
Current portion of deferred revenue 89,583 84,200
Current portion of term loan, net 5,469 0
Customer deposits held in restricted accounts 83,590 85,405
Total current liabilities 250,527 215,347
Deferred revenue 6,308 6,979
Revolving facility 0 40,000
Term loan, net 116,657 0
Other long-term liabilities 29,843 34,423
Total liabilities 403,335 296,749
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized and zero shares issued and outstanding at December 31, 2016 and 2015, respectively 0 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 86,062,191 and 82,919,033 shares issued and 81,087,353 and 78,793,670 shares outstanding at December 31, 2016 and 2015, respectively 86 83
Additional paid-in capital 534,348 471,668
Treasury stock, at cost: 4,974,838 and 4,125,363 shares at December 31, 2016 and 2015, respectively (30,358) (24,338)
Accumulated deficit (119,260) (120,415)
Accumulated other comprehensive loss (53) (546)
Total stockholders’ equity 384,763 326,452
Total liabilities and stockholders’ equity $ 788,098 $ 623,201