Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016:
 
 
December 31,
 
 
2017
 
2016
 
 
(in thousands)
Leasehold improvements
 
$
59,179

 
$
51,242

Data processing and communications equipment
 
83,922

 
76,773

Furniture, fixtures, and other equipment
 
28,752

 
26,513

Software
 
107,924

 
86,983

Property, equipment, and software, gross
 
279,777

 
241,511

Less: Accumulated depreciation and amortization
 
(131,349
)
 
(111,083
)
Property, equipment, and software, net
 
$
148,428

 
$
130,428

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 - 7 years
Client relationships
3 - 10 years
Vendor relationships
7 years
Trade names
1 - 7 years
Non-competition agreements
5 - 10 years
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following at December 31, 2017 and 2016:
 
 
December 31,
 
 
2017
 
2016
 
 
(in thousands)
Accrued compensation, payroll taxes, and benefits
 
$
25,677

 
$
21,161

Sales tax obligations
 
4,930

 
4,625

Current portion of liabilities related to acquisitions
 
34,430

 
13,084

Lease-related liabilities
 
2,288

 
1,605

Other current liabilities
 
12,054

 
9,989

Total accrued expenses and other current liabilities
 
$
79,379

 
$
50,464

Other Long-Term Liabilities
Other long-term liabilities consisted of the following at December 31, 2017 and 2016:
 
 
December 31,
 
 
2017
 
2016
 
 
(in thousands)
Accrued lease liability
 
$
27,760

 
$
28,086

Liabilities related to acquisitions
 
13,000

 
1,607

Other long-term liabilities
 
753

 
150

Total other long-term liabilities
 
$
41,513

 
$
29,843