Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 30,911 $ 26,936
Restricted cash 85,461 85,543
Accounts receivable, less allowance for doubtful accounts of $2,318 and $2,363 at December 31, 2015 and 2014, respectively 74,192 64,845
Prepaid expenses 8,294 7,647
Other current assets 23,085 1,848
Total current assets 221,943 186,819
Property, equipment and software, net 82,198 72,616
Goodwill 220,097 193,378
Identified intangible assets, net 81,280 100,085
Deferred tax assets, net 12,051 8,337
Other assets 5,632 5,059
Total assets 623,201 566,294
Current liabilities:    
Accounts payable 17,448 14,830
Accrued expenses and other current liabilities 28,294 22,905
Current portion of deferred revenue 84,200 73,485
Customer deposits held in restricted accounts 85,405 85,489
Total current liabilities 215,347 196,709
Deferred revenue 6,979 6,903
Revolving credit facility 40,000 20,000
Other long-term liabilities 34,423 13,902
Total liabilities $ 296,749 $ 237,514
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, 2015 and 2014, respectively $ 0 $ 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 82,919,033 and 83,211,650 shares issued and 78,793,670 and 79,037,351 shares outstanding at December 31, 2015 and 2014, respectively 83 83
Additional paid-in capital 471,668 437,664
Treasury stock, at cost: 4,125,363 and 4,174,299 shares at December 31, 2015 and 2014, respectively (24,338) (33,398)
Accumulated deficit (120,415) (75,360)
Accumulated other comprehensive loss (546) (209)
Total stockholders’ equity 326,452 328,780
Total liabilities and stockholders’ equity $ 623,201 $ 566,294