XML 23 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 107,422 $ 126,351
Short-term investments 130,450 150,147
Total cash, cash equivalents and short-term investments 237,872 276,498
Trade accounts receivable:    
Billed, net of allowance of $2,824 and $3,080 195,311 208,930
Unbilled 40,191 30,828
Income taxes receivable 17,874 11,931
Other current assets 29,270 31,751
Total current assets 520,518 559,938
Non-current assets:    
Property and equipment, net of depreciation of $126,230 and $122,866 36,418 33,116
Intangible assets 68,017 71,102
Goodwill 202,750 201,094
Deferred income taxes 12,328 14,218
Other assets 12,371 12,411
Total non-current assets 331,884 331,941
Total assets 852,402 891,879
Current liabilities:    
Current portion of long-term debt, net of unamortized discounts of zero and $296 16,875 49,426
Client deposits 33,006 33,916
Trade accounts payable 31,803 35,118
Accrued employee compensation 48,716 65,341
Deferred revenue 50,435 45,064
Income taxes payable 547 822
Other current liabilities 18,897 22,342
Total current liabilities 200,279 252,029
Non-current liabilities:    
Long-term debt, net of unamortized discounts of $21,834 and $23,007 322,541 326,993
Deferred revenue 7,595 6,694
Income taxes payable 2,405 2,245
Deferred income taxes 3,643 99
Other non-current liabilities 12,208 12,618
Total non-current liabilities 348,392 348,649
Total liabilities 548,671 600,678
Current portion of long-term debt conversion obligation   39,841
Stockholders' equity:    
Preferred stock, par value $.01 per share; 10,000 shares authorized; zero shares issued and outstanding
Common stock, par value $.01 per share; 100,000 shares authorized; 33,825 and 32,261 shares outstanding 689 672
Common stock warrants; zero and 1,426 warrants vested; 1,425 and 2,851 issued   16,007
Additional paid-in capital 415,450 391,209
Treasury stock, at cost; 33,702 and 34,919 shares (799,605) (826,002)
Accumulated other comprehensive income (loss):    
Unrealized loss on short-term investments, net of tax (115) (159)
Cumulative foreign currency translation adjustments (40,874) (45,213)
Accumulated earnings 728,186 714,846
Total stockholders' equity 303,731 251,360
Total liabilities, current portion of long-term debt conversion obligation and stockholders' equity 852,402 891,879
Software    
Non-current assets:    
Intangible assets 29,451 30,427
Client contracts    
Non-current assets:    
Intangible assets $ 38,566 $ 40,675