Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 109,334 $ 104,886
Restricted cash 92,560 83,654
Accounts receivable, less allowance for doubtful accounts of $2,998 and $2,468 at September 30, 2017 and December 31, 2016, respectively 101,164 92,367
Prepaid expenses 14,554 10,836
Other current assets 6,043 5,712
Total current assets 323,655 297,455
Property, equipment, and software, net 147,069 130,428
Goodwill 565,425 259,938
Identified intangible assets, net 143,447 74,976
Deferred tax assets, net 69,589 15,665
Other assets 9,643 9,636
Total assets 1,258,828 788,098
Current liabilities:    
Accounts payable 27,388 21,421
Accrued expenses and other current liabilities 77,451 50,464
Current portion of deferred revenue 103,243 89,583
Current portion of term loan 4,600 5,469
Customer deposits held in restricted accounts 92,571 83,590
Total current liabilities 305,253 250,527
Deferred revenue 5,640 6,308
Term loan, net 114,719 116,657
Convertible notes, net 278,392 0
Other long-term liabilities 38,134 29,843
Total liabilities 742,138 403,335
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 September 30, 2017 and December 31, 2016, respectively 0 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 87,143,835 and 86,062,191 shares issued and 83,130,124 and 81,087,353 shares outstanding at September 30, 2017 and December 31, 2016, respectively 87 86
Additional paid-in capital 622,224 534,348
Treasury stock, at cost: 4,013,711 and 4,974,838 shares at September 30, 2017 and December 31, 2016, respectively (51,545) (30,358)
Accumulated deficit (54,181) (119,260)
Accumulated other comprehensive income (loss) 105 (53)
Total stockholders’ equity 516,690 384,763
Total liabilities and stockholders’ equity $ 1,258,828 $ 788,098