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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 558 $ 1,997
Restricted cash 33,394 30,383
Accounts receivable, net 365,758 242,168
Other current assets 12,784 19,217
Current assets before funds held for clients 412,494 293,765
Funds held for clients 199,065 157,909
Total current assets 611,559 451,674
Non-current assets:    
Property and equipment, net 43,184 43,423
Goodwill and other intangible assets, net 951,902 840,783
Assets of deferred compensation plan 132,284 136,321
Operating lease right-of-use assets, net 195,591 151,145
Other non-current assets 7,924 4,588
Total non-current assets 1,330,885 1,176,260
Total assets 1,942,444 1,627,934
Current liabilities:    
Accounts payable 70,431 65,757
Income taxes payable 17,678 1,671
Accrued personnel costs 66,696 114,032
Contingent purchase price liabilities 49,976 34,373
Operating lease liabilities 34,910 30,586
Other current liabilities 18,070 18,755
Current liabilities before client fund obligations 257,761 265,174
Client fund obligations 200,614 158,115
Total current liabilities 458,375 423,289
Non-current liabilities:    
Bank debt 298,900 155,300
Debt issuance costs (359) (449)
Total long-term debt 298,541 154,851
Income taxes payable 1,820 1,727
Deferred income taxes, net 18,960 15,440
Deferred compensation plan obligations 132,284 136,321
Contingent purchase price liabilities 86,558 44,766
Operating lease liabilities 185,122 145,808
Other non-current liabilities 936 1,184
Total non-current liabilities 724,221 500,097
Total liabilities 1,182,596 923,386
STOCKHOLDERS' EQUITY    
Common stock 1,358 1,352
Additional paid in capital 777,731 770,117
Retained earnings 686,889 628,762
Treasury stock (707,088) (694,716)
Accumulated other comprehensive income (loss) 958 (967)
Total stockholders’ equity 759,848 704,548
Total liabilities and stockholders’ equity $ 1,942,444 $ 1,627,934