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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,143 $ 640
Restricted cash 27,721 27,481
Accounts receivable, net 264,434 207,287
Other current assets 24,784 26,841
Current assets before funds held for clients 319,082 262,249
Funds held for clients 138,779 161,289
Total current assets 457,861 423,538
Non-current assets:    
Property and equipment, net 37,328 34,205
Goodwill and other intangible assets, net 635,881 637,009
Assets of deferred compensation plan 95,983 84,435
Operating lease right-of-use asset, net 145,574  
Other non-current assets 4,692 3,844
Total non-current assets 919,458 759,493
Total assets 1,377,319 1,183,031
Current liabilities:    
Accounts payable 61,541 58,630
Income taxes payable 13,864 464
Accrued personnel costs 33,975 63,953
Contingent purchase price liability 21,737 22,538
Operating lease liability 28,647  
Other current liabilities 12,492 13,656
Current liabilities before client fund obligations 172,256 159,241
Client fund obligations 138,866 162,073
Total current liabilities 311,122 321,314
Non-current liabilities:    
Bank debt 182,000 135,500
Debt issuance costs (1,436) (1,526)
Total long-term debt 180,564 133,974
Income taxes payable 3,524 3,402
Deferred income taxes, net 6,834 6,764
Deferred compensation plan obligations 95,983 84,435
Contingent purchase price liability 15,811 17,170
Operating lease liability 138,373  
Other non-current liabilities 1,621 22,309
Total non-current liabilities 442,710 268,054
Total liabilities 753,832 589,368
STOCKHOLDERS' EQUITY    
Common stock 1,318 1,314
Additional paid in capital 696,226 692,398
Retained earnings 446,331 408,963
Treasury stock (520,088) (508,530)
Accumulated other comprehensive loss (300) (482)
Total stockholders’ equity 623,487 593,663
Total liabilities and stockholders’ equity $ 1,377,319 $ 1,183,031