Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.6.0.2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Estimated Useful Lives of Property, Equipment and Software
Property, equipment, and software are recorded at cost less accumulated depreciation and amortization, which are computed using the straight-line method over the following estimated useful lives:
Data processing and communications equipment
3 - 5 years
Furniture, fixtures, and other equipment
3 - 5 years
Software
3 - 5 years
Property, equipment, and software consisted of the following at December 31, 2016 and 2015:
 
 
December 31,
 
 
2016
 
2015
 
 
(in thousands)
Leasehold improvements
 
$
51,242

 
$
26,138

Data processing and communications equipment
 
76,773

 
67,871

Furniture, fixtures, and other equipment
 
26,513

 
18,253

Software
 
86,983

 
68,972

Property, equipment, and software, gross
 
241,511

 
181,234

Less: Accumulated depreciation and amortization
 
(111,083
)
 
(99,036
)
Property, equipment, and software, net
 
$
130,428

 
$
82,198

Estimated Useful Lives for Finite-lived Intangible Assets
Estimated useful lives for identified intangible assets with finite lives consist of the following:
Developed technologies
3 - 5 years
Client relationships
3 - 10 years
Vendor relationships
7 years
Trade names
1 - 7 years
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following at December 31, 2016 and 2015:
 
 
December 31,
 
 
2016
 
2015
 
 
(in thousands)
Accrued compensation, payroll taxes, and benefits
 
$
19,387

 
$
12,492

Self-insured medical plans
 
1,774

 
1,831

Current portion of liabilities related to acquisitions
 
13,084

 
6,502

Other current liabilities
 
16,219

 
7,469

Total accrued expenses and other current liabilities
 
$
50,464

 
$
28,294

Other Long-Term Liabilities
Other long-term liabilities consisted of the following at December 31, 2016 and 2015:
 
 
December 31,
 
 
2016
 
2015
 
 
(in thousands)
Accrued lease liability
 
$
28,086

 
$
27,869

Other long-term liabilities
 
1,757

 
6,554

Total other long-term liabilities
 
$
29,843

 
$
34,423