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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 139,277 $ 122,243
Short-term investments 23,603 139,117
Total cash, cash equivalents and short-term investments 162,880 261,360
Settlement assets 124,627  
Trade accounts receivable:    
Billed, net of allowance of $3,115 and $4,149 235,827 219,531
Unbilled 37,227 31,187
Income taxes receivable 6,720 13,839
Other current assets 32,286 28,349
Total current assets 599,567 554,266
Non-current assets:    
Property and equipment, net of depreciation of $93,278 and $123,126 81,813 44,651
Intangible assets 101,856  
Goodwill 255,816 210,080
Client contract costs, net of amortization of $43,051 and zero 37,289  
Deferred income taxes 11,087 14,057
Other assets 26,934 10,948
Total non-current assets 514,795 350,268
Total assets 1,114,362 904,534
Current liabilities:    
Current portion of long-term debt 7,500 22,500
Client deposits 36,889 31,053
Trade accounts payable 45,386 38,420
Accrued employee compensation 61,107 62,984
Settlement liabilities 123,613  
Deferred revenue 40,236 41,885
Income taxes payable 218 1,216
Other current liabilities 35,442 24,535
Total current liabilities 350,391 222,593
Non-current liabilities:    
Long-term debt, net of unamortized discounts of $14,549 and $18,264 352,326 309,236
Deferred revenue 17,527 12,346
Income taxes payable 2,284 2,415
Deferred income taxes 8,205 4,584
Other non-current liabilities 22,605 10,614
Total non-current liabilities 402,947 339,195
Total liabilities 753,338 561,788
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; 4,460 and 2,702 shares reserved for employee stock purchase plan and stock incentive plans; 33,158 and 33,516 shares outstanding 693 689
Common stock warrants; 439 warrants vested; 1,425 issued 9,082 9,082
Additional paid-in capital 441,417 427,091
Treasury stock, at cost; 34,779 and 34,075 shares (842,360) (814,732)
Accumulated other comprehensive income (loss):    
Unrealized gain (loss) on short-term investments, net of tax 2 (88)
Cumulative foreign currency translation adjustments (42,937) (28,734)
Accumulated earnings 795,127 749,438
Total stockholders' equity 361,024 342,746
Total liabilities and stockholders' equity 1,114,362 904,534
Software    
Non-current assets:    
Intangible assets 36,400 26,906
Client contracts    
Non-current assets:    
Intangible assets   $ 43,626
Acquired client contracts    
Non-current assets:    
Intangible assets $ 65,456