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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,265 $ 4,697
Restricted cash 25,109 28,487
Accounts receivable, net 442,781 334,498
Other current assets 31,462 29,431
Current assets before funds held for clients 501,617 397,113
Funds held for clients 148,240 171,313
Total current assets 649,857 568,426
Non-current assets:    
Property and equipment, net 46,933 45,184
Goodwill and other intangible assets, net 1,005,873 951,702
Assets of deferred compensation plan 128,892 118,862
Right-of-use assets, net 193,907 184,043
Other non-current assets 12,734 10,907
Total non-current assets 1,388,339 1,310,698
Total assets 2,038,196 1,879,124
Current liabilities:    
Accounts payable 82,705 80,725
Income taxes payable 24,895 1,607
Accrued personnel costs 68,934 130,456
Contingent purchase price liabilities 65,152 63,262
Operating lease liabilities 37,324 36,358
Other current liabilities 31,932 26,532
Current liabilities before client fund obligations 310,942 338,940
Client fund obligations 150,216 173,467
Total current liabilities 461,158 512,407
Non-current liabilities:    
Bank debt 403,700 265,700
Debt issuance costs (1,928) (2,046)
Total long-term debt, net 401,772 263,654
Income taxes payable 2,330 2,211
Deferred income taxes, net 27,013 24,763
Deferred compensation plan obligations 128,892 118,862
Contingent purchase price liabilities 60,604 68,748
Lease liabilities 183,379 174,454
Other non-current liabilities 1,118 573
Total non-current liabilities 805,108 653,265
Total liabilities 1,266,266 1,165,672
STOCKHOLDERS' EQUITY    
Common stock 1,370 1,363
Additional paid in capital 814,686 799,147
Retained earnings 807,276 734,116
Treasury stock (853,793) (824,778)
Accumulated other comprehensive income 2,391 3,604
Total stockholders’ equity 771,930 713,452
Total liabilities and stockholders’ equity $ 2,038,196 $ 1,879,124