Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 69,343 $ 104,886
Restricted cash 96,002 83,654
Accounts receivable, less allowance for doubtful accounts of $3,951 and $2,468 at December 31, 2017 and 2016, respectively 124,505 92,367
Prepaid expenses 12,107 10,836
Other current assets 6,622 5,712
Total current assets 308,579 297,455
Property, equipment, and software, net 148,428 130,428
Goodwill 751,052 259,938
Identified intangible assets, net 252,337 74,976
Deferred tax assets, net 44,887 15,665
Other assets 11,010 9,636
Total assets 1,516,293 788,098
Current liabilities:    
Accounts payable 26,733 21,421
Accrued expenses and other current liabilities 79,379 50,464
Current portion of deferred revenue 116,622 89,583
Current portion of term loans 14,116 5,469
Customer deposits held in restricted accounts 96,057 83,590
Total current liabilities 332,907 250,527
Deferred revenue 5,538 6,308
Revolving facility 50,000 0
Term loans, net 303,261 116,657
Convertible notes, net 281,199 0
Other long-term liabilities 41,513 29,843
Total liabilities 1,014,418 403,335
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, 2017 and 2016, respectively 0 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 87,153,085 and 86,062,191 shares issued and 83,180,401 and 81,087,353 shares outstanding at December 31, 2017 and 2016, respectively 87 86
Additional paid-in capital 637,851 534,348
Treasury stock, at cost: 3,972,684 and 4,974,838 shares at December 31, 2017 and 2016, respectively (61,260) (30,358)
Accumulated deficit (75,046) (119,260)
Accumulated other comprehensive income (loss) 243 (53)
Total stockholders’ equity 501,875 384,763
Total liabilities and stockholders’ equity $ 1,516,293 $ 788,098