Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 216,942	$ 567
Restricted cash	28,927	29,595
Accounts receivable, net	263,180	222,031
Other current assets	24,540	24,325
Current assets before funds held for clients	533,589	276,518
Funds held for clients	141,984	179,502
Total current assets	675,573	456,020
Non-current assets:
Property and equipment, net	39,899	39,412
Goodwill and other intangible assets, net	666,112	654,671
Assets of deferred compensation plan	92,613	106,851
Operating lease right-of-use asset, net	138,485	140,831
Other non-current assets	3,876	2,989
Total non-current assets	940,985	944,754
Total assets	1,616,558	1,400,774
Current liabilities:
Accounts payable	62,329	68,510
Income taxes payable	13,089	57
Accrued personnel costs	29,809	59,898
Contingent purchase price liability	17,514	16,193
Operating lease liability	28,652	29,030
Other current liabilities	15,817	13,218
Current liabilities before client fund obligations	167,210	186,906
Client fund obligations	142,219	179,020
Total current liabilities	309,429	365,926
Non-current liabilities:
Bank debt	383,000	105,500
Debt issuance costs	(1,077)	(1,167)
Total long-term debt	381,923	104,333
Income taxes payable	3,185	3,053
Deferred income taxes, net	11,469	11,720
Deferred compensation plan obligations	92,613	106,851
Contingent purchase price liability	15,167	15,896
Operating lease liability	129,624	132,018
Other non-current liabilities	2,888	1,739
Total non-current liabilities	636,869	375,610
Total liabilities	946,298	741,536
STOCKHOLDERS' EQUITY
Common stock	1,332	1,331
Additional paid in capital	719,616	714,704
Retained earnings	516,424	479,576
Treasury stock	(565,180)	(535,693)
Accumulated other comprehensive loss	(1,932)	(680)
Total stockholders’ equity	670,260	659,238
Total liabilities and stockholders’ equity	$ 1,616,558	$ 1,400,774