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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,692 $ 4,697
Restricted cash 52,314 28,487
Accounts receivable, net 456,397 334,498
Other current assets 42,411 29,431
Current assets before funds held for clients 554,814 397,113
Funds held for clients 131,374 171,313
Total current assets 686,188 568,426
Non-current assets:    
Property and equipment, net 50,899 45,184
Goodwill and other intangible assets, net 1,014,673 951,702
Assets of deferred compensation plan 136,463 118,862
Right-of-use assets, net 186,213 184,043
Other non-current assets 14,319 10,907
Total non-current assets 1,402,567 1,310,698
Total assets 2,088,755 1,879,124
Current liabilities:    
Accounts payable 126,372 80,725
Income taxes payable 13,350 1,607
Accrued personnel costs 89,989 130,456
Contingent purchase price liabilities 70,950 63,262
Operating lease liabilities 36,256 36,358
Other current liabilities 30,991 26,532
Current liabilities before client fund obligations 367,908 338,940
Client fund obligations 133,069 173,467
Total current liabilities 500,977 512,407
Non-current liabilities:    
Bank debt 410,600 265,700
Debt issuance costs (1,810) (2,046)
Total long-term debt, net 408,790 263,654
Income taxes payable 2,381 2,211
Deferred income taxes, net 29,455 24,763
Deferred compensation plan obligations 136,463 118,862
Contingent purchase price liabilities 59,515 68,748
Lease liabilities 174,608 174,454
Other non-current liabilities 523 573
Total non-current liabilities 811,735 653,265
Total liabilities 1,312,712 1,165,672
STOCKHOLDERS' EQUITY    
Common stock 1,371 1,363
Additional paid in capital 818,693 799,147
Retained earnings 834,139 734,116
Treasury stock (882,088) (824,778)
Accumulated other comprehensive income 3,928 3,604
Total stockholders’ equity 776,043 713,452
Total liabilities and stockholders’ equity $ 2,088,755 $ 1,879,124