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Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 95,832 $ 115,154
Accounts receivable, net of allowance of $6,566 and $5,830 48,303 67,249
Prepaid expenses and other current assets 34,765 33,268
Total current assets 178,900 215,671
Property and equipment, net 56,604 54,548
Right-of-use assets 16,819 17,593
Intangible assets, net 167,807 173,087
Goodwill 382,640 381,920
Deferred tax assets, net 17,714 16,533
Other assets 22,039 21,832
Total assets 842,523 881,184
Current liabilities:    
Accounts payable 7,778 7,183
Accrued expenses 72,802 89,387
Contributor royalties payable 41,036 38,649
Deferred revenue 180,698 187,070
Debt 0 50,000
Other current liabilities 11,148 11,445
Total current liabilities 313,462 383,734
Deferred tax liability, net 4,766 4,465
Lease liabilities 34,017 35,611
Other non-current liabilities 13,744 9,892
Total liabilities 365,989 433,702
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 39,690 and 39,605 shares issued and 35,914 and 35,829 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 396 396
Treasury stock, at cost; 3,776 shares as of March 31, 2023 and December 31, 2022 (200,008) (200,008)
Additional paid-in capital 395,934 391,482
Accumulated comprehensive loss (14,020) (15,439)
Retained earnings 294,232 271,051
Total stockholders’ equity 476,534 447,482
Total liabilities and stockholders’ equity $ 842,523 $ 881,184
Treasury Stock, Common, Shares 3,776 3,776