XML 16 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Unrestricted cash and cash equivalents $ 785,838 $ 732,676
Restricted cash 20,057 12,085
Investment securities available-for-sale, at fair value 24,605 46,686
Settlement assets 116,352 137,083
Accounts receivable, net 21,319 40,150
Prepaid expenses and other assets 32,266 32,186
Income tax receivable 0 12,570
Total current assets 1,000,437 1,013,436
Investment securities, available-for-sale, at fair value 159,204 161,740
Loans to bank customers, net of allowance for loan losses of $281 and $277 as of March 31, 2017 and December 31, 2016, respectively 7,258 6,059
Prepaid expenses and other assets 5,190 4,142
Property and equipment, net 88,428 82,621
Deferred expenses 14,128 16,647
Net deferred tax assets 4,648 4,648
Goodwill and intangible assets 600,800 451,051
Total assets 1,880,093 1,740,344
Current liabilities:    
Accounts payable 27,719 22,856
Deposits 826,361 737,414
Obligations to customers 34,269 46,043
Settlement obligations 4,189 4,877
Amounts due to card issuing banks for overdrawn accounts 1,259 1,211
Other accrued liabilities 92,999 102,426
Deferred revenue 18,791 25,005
Note payable 70,966 20,966
Income tax payable 9,080 0
Total current liabilities 1,085,633 960,798
Other accrued liabilities 32,326 12,330
Note payable 74,325 79,720
Net deferred tax liabilities 3,782 3,763
Total liabilities 1,196,066 1,056,611
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Class A common stock, $0.001 par value: 100,000 shares authorized as of March 31, 2017 and December 31, 2016; 49,559 and 50,513 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 50 51
Additional paid-in capital 319,468 358,155
Retained earnings 364,677 325,708
Accumulated other comprehensive loss (168) (181)
Total stockholders’ equity 684,027 683,733
Total liabilities and stockholders’ equity $ 1,880,093 $ 1,740,344