Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 34,502 $ 33,804
Restricted cash 71,941 35,202
Accounts receivable, less allowance for doubtful accounts of $914 and $1,087 at December 31, 2013 and 2012, respectively 66,635 51,937
Deferred tax asset 3,284 0
Other current assets 7,453 6,541
Total current assets 183,815 127,484
Property, equipment and software, net 54,775 32,487
Goodwill 152,422 134,025
Identified intangible assets, net 108,815 104,640
Other assets 3,386 3,561
Total assets 503,213 402,197
Current liabilities:    
Accounts payable 11,978 9,805
Accrued expenses and other current liabilities 23,122 19,246
Current portion of deferred revenue 66,085 60,633
Deferred tax liability 0 2
Customer deposits held in restricted accounts 71,910 35,171
Total current liabilities 173,095 124,857
Deferred revenue 5,671 9,446
Deferred tax liability 1,379 10
Revolving credit facility 0 10,000
Other long-term liabilities 8,564 2,813
Total liabilities 188,709 147,126
Commitments and contingencies (Note 8)      
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized and zero shares issued and outstanding at December 31, 2013 and 2012, respectively 0 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 80,511,791 and 77,012,925 shares issued and 78,433,626 and 75,826,615 shares outstanding at December 31, 2013 and 2012, respectively 81 77
Additional paid-in capital 390,854 347,203
Treasury stock, at cost: 2,078,165 and 1,186,310 shares at December 31, 2013 and 2012, respectively (11,183) (6,323)
Accumulated deficit (65,086) (85,778)
Accumulated other comprehensive loss (162) (108)
Total stockholders’ equity 314,504 255,071
Total liabilities and stockholders’ equity $ 503,213 $ 402,197