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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 114,118 $ 57,179
Short-term investments 3,105 1,538
Restricted cash 17,217 0
Trade accounts receivable, less allowances of $2,833 and $3,388, respectively 62,713 47,171
Other current assets 12,716 10,942
Total current assets 209,869 116,830
Property and equipment, net 37,061 34,088
Goodwill 441,404 402,259
Intangibles, net 41,336 51,848
Indefinite-lived intangibles 30,887 30,887
Capitalized software development costs, net 5,955 3,489
Deferred tax asset, net 31,345 23,732
Other assets 5,898 12,856
Total assets 803,755 675,989
Current liabilities:    
Accounts payable and accrued liabilities 44,855 23,043
Accrued payroll and related benefits 7,474 4,932
Short term debt, net of deferred financing costs of $136 and $0, respectively 12,364 0
Contingent liability for accrued earn-out acquisition consideration 1,921 1,706
Current portion of long term debt and capital lease obligation, net of discount of $0 and $3, respectively 9 606
Deferred revenue 22,564 20,519
Current deferred rent 281 232
Other current liabilities 244 228
Total current liabilities 89,712 51,266
Revolving line of credit 154,029 206,465
Long term debt and capital lease obligation, less current portion, net of deferred financing costs of $452 and $0, respectively 105,824 35
Contingent liability for accrued earn-out acquisition consideration 6,589 2,571
Deferred revenue 1,886 1,968
Long term deferred rent 1,009 1,381
Other liabilities 6,070 3,332
Total liabilities 365,119 267,018
Commitments and Contingencies
Stockholders’ equity:    
Convertible Series D Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2016 and 2015 0 0
Common stock, $.10 par value, 60,000,000 shares authorized, 32,093,294 issued and outstanding at December 31, 2016 and 33,416,110 issued and outstanding at December 31, 2015 3,209 3,342
Additional paid-in capital 0 57,120
Treasury stock (no shares as of December 31, 2016 and December 31, 2015) 0 0
Retained earnings 457,364 378,787
Accumulated other comprehensive loss (33,677) (30,278)
Total Ebix, Inc. stockholders’ equity 426,896 408,971
Noncontrolling Interest 11,740 0
Total stockholders' equity 438,636 408,971
Total liabilities, temporary equity and stockholders’ equity $ 803,755 $ 675,989