Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 324,591 $ 104,886
Restricted cash 106,479 83,654
Accounts receivable, less allowance for doubtful accounts of $2,553 and $2,468 at June 30, 2017 and December 31, 2016, respectively 89,727 92,367
Prepaid expenses 13,293 10,836
Other current assets 6,061 5,712
Total current assets 540,151 297,455
Property, equipment, and software, net 138,241 130,428
Goodwill 359,420 259,938
Identified intangible assets, net 110,318 74,976
Deferred tax assets, net 63,260 15,665
Other assets 10,057 9,636
Total assets 1,221,447 788,098
Current liabilities:    
Accounts payable 24,400 21,421
Accrued expenses and other current liabilities 53,316 50,464
Current portion of deferred revenue 101,100 89,583
Current portion of term loan 3,833 5,469
Customer deposits held in restricted accounts 106,616 83,590
Total current liabilities 289,265 250,527
Deferred revenue 5,896 6,308
Term loan, net 116,143 116,657
Convertible notes, net 275,673 0
Other long-term liabilities 34,899 29,843
Total liabilities 721,876 403,335
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 June 30, 2017 and December 31, 2016, respectively 0 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 86,801,958 and 86,062,191 shares issued and 82,964,638 and 81,087,353 shares outstanding at June 30, 2017 and December 31, 2016, respectively 87 86
Additional paid-in capital 601,836 534,348
Treasury stock, at cost: 3,837,320 and 4,974,838 shares at June 30, 2017 and December 31, 2016, respectively (41,364) (30,358)
Accumulated deficit (61,015) (119,260)
Accumulated other comprehensive income (loss) 27 (53)
Total stockholders’ equity 499,571 384,763
Total liabilities and stockholders’ equity $ 1,221,447 $ 788,098