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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,561 $ 850
Restricted cash 26,095 24,860
Accounts receivable, net 197,248 153,608
Income taxes refundable   966
Deferred income taxes - current, net [1]   4,796
Other current assets 16,747 15,903
Current assets before funds held for clients 241,651 200,983
Funds held for clients 151,119 171,497
Total current assets 392,770 372,480
Non-current assets:    
Property and equipment, net 19,729 20,162
Goodwill and other intangible assets, net 534,886 535,653
Assets of deferred compensation plan 65,767 64,245
Notes receivable - non-current 1,798 1,760
Other non-current assets [1] 1,960 2,031
Total non-current assets 624,140 623,851
Total assets 1,016,910 996,331
Current liabilities:    
Accounts payable 36,550 35,555
Income taxes payable - current 12,339  
Accrued personnel costs 24,101 39,611
Notes payable - current 411  
Contingent purchase price liability - current 14,169 12,855
Other current liabilities 12,744 11,714
Current liabilities before client fund obligations 100,314 99,735
Client fund obligations 150,563 171,318
Total current liabilities 250,877 271,053
Non-current liabilities:    
Convertible notes, net 750 750
Bank debt [1] 233,900 205,800
Debt issuance costs (1,744) (1,869)
Total long-term debt 232,906 204,681
Notes payable - non-current 1,408  
Income taxes payable - non-current 4,190 4,084
Deferred income taxes - non-current, net [1] 383 4,902
Deferred compensation plan obligations 65,767 64,245
Contingent purchase price liability - non-current 8,292 11,962
Other non-current liabilities 7,223 7,456
Total non-current liabilities 320,169 297,330
Total liabilities 571,046 568,383
STOCKHOLDERS' EQUITY    
Common stock 1,264 1,262
Additional paid-in capital 637,220 634,626
Retained earnings 276,628 254,860
Treasury stock (468,304) (462,167)
Accumulated other comprehensive loss (944) (633)
Total stockholders' equity 445,864 427,948
Total liabilities and stockholders' equity $ 1,016,910 $ 996,331
[1] See Note 15 to accompanying consolidated financial statements for discussion of our adoption of ASU 2015-03, ASU 2015-15 and ASU 2015-17 (as defined in Note 15).