Annual report pursuant to Section 13 and 15(d)

Accounts Receivable and Other Current Assets

v3.6.0.2
Accounts Receivable and Other Current Assets
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Accounts Receivable and Other Current Assets
 Accounts Receivable and Other Current Assets
Accounts receivable consisted of the following at December 31, 2016 and 2015:
 
 
December 31,
 
 
2016
 
2015
 
 
(in thousands)
Trade receivables from clients
 
$
82,094

 
$
66,839

Insurance commissions receivable
 
12,741

 
9,671

Accounts receivable, gross
 
94,835

 
76,510

Less: Allowance for doubtful accounts
 
(2,468
)
 
(2,318
)
Accounts receivable, net
 
$
92,367

 
$
74,192


Trade receivables include amounts billed to our clients, primarily under our on demand subscription solutions. Trade receivables also includes amounts invoiced to clients prior to the period in which the service is provided and amounts for which we have met the requirements to recognize revenue in advance of invoicing the client. Insurance commissions receivable consists of commissions derived from the sale of insurance products to individuals and contingent commissions related to those policies.
Other current assets consisted of the following at December 31, 2016 and 2015:
 
 
December 31,
 
 
2016
 
2015
 
 
(in thousands)
Lease-related receivables
 
$
449

 
$
20,683

Inventory
 
2,110

 
548

Indemnification asset
 
1,220

 

Other current assets
 
1,933

 
1,854

Total other current assets
 
$
5,712

 
$
23,085


Lease-related receivables at December 31, 2015 consisted primarily of incentives related to the lease executed in 2015 for our new corporate headquarters and data center in Richardson, Texas. The decrease in this balance during 2016 is attributable to reimbursement payments received from the landlord related to completed leasehold improvements.
The indemnification asset and the increase in inventory between the periods arose from our acquisition of NWP Services Corporation, which was completed in the first quarter of 2016.