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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 303,261 $ 230,852
Accounts receivable, net 47,016 41,028
Prepaid expenses and other current assets 26,703 34,841
Total current assets 376,980 306,721
Property and equipment, net 58,834 76,188
Right-of-use assets 45,453  
Intangible assets, net 26,669 29,540
Goodwill 88,974 88,576
Deferred tax assets, net 14,387 12,375
Other assets 19,215 18,088
Total assets 630,512 531,488
Current liabilities:    
Accounts payable 6,104 7,212
Accrued expenses 53,864 51,385
Contributor royalties payable 25,193 22,971
Deferred revenue 141,922 139,604
Other liabilities 18,811 2,131
Total current liabilities 245,894 223,303
Lease liabilities 47,313  
Other non-current liabilities 9,160 21,518
Total liabilities 302,367 244,821
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 38,055 and 37,618 shares issued and 35,497 and 35,060 shares outstanding as of December 31, 2019 and December 31, 2018, respectively 381 376
Additional paid-in capital 312,824 291,710
Treasury stock, at cost; 2,558 shares as of December 31, 2019 and December 31, 2018 (100,027) (100,027)
Accumulated other comprehensive loss (6,220) (6,471)
Retained earnings 121,187 101,079
Total stockholders’ equity 328,145 286,667
Total liabilities and stockholders’ equity $ 630,512 $ 531,488