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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 8,090 $ 4,697
Restricted cash 30,362 28,487
Accounts receivable, net 380,152 334,498
Other current assets 34,895 29,431
Current assets before funds held for clients 453,499 397,113
Funds held for clients 159,186 171,313
Total current assets 612,685 568,426
Non-current assets:    
Property and equipment, net 57,012 45,184
Goodwill and other intangible assets, net 1,008,604 951,702
Assets of deferred compensation plan 143,499 118,862
Right-of-use asset 211,024 184,043
Other non-current assets 10,768 10,907
Total non-current assets 1,430,907 1,310,698
Total assets 2,043,592 1,879,124
Current liabilities:    
Accounts payable 82,831 80,725
Income taxes payable 2,097 1,607
Accrued personnel costs 133,593 130,456
Contingent purchase price liability 66,287 63,262
Lease liability 36,283 36,358
Other current liabilities 30,937 26,532
Current liabilities before client fund obligations 352,028 338,940
Client fund obligations 159,893 173,467
Total current liabilities 511,921 512,407
Non-current liabilities:    
Bank debt 312,400 265,700
Debt issuance costs (1,574) (2,046)
Total long-term debt 310,826 263,654
Income taxes payable 1,984 2,211
Deferred income taxes, net 29,287 24,763
Deferred compensation plan obligations 143,499 118,862
Contingent purchase price liability 48,659 68,748
Lease liability 203,905 174,454
Other non-current liabilities 1,893 573
Total non-current liabilities 740,053 653,265
Total liabilities 1,251,974 1,165,672
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.01 per share; shares authorized 250,000; shares issued 137,387 and 136,295; shares outstanding 49,814 and 50,180 1,374 1,363
Additional paid-in capital 832,475 799,147
Retained earnings 855,084 734,116
Treasury stock, 87,573 and 86,115 shares (899,093) (824,778)
Accumulated other comprehensive income 1,778 3,604
Total stockholders’ equity 791,618 713,452
Total liabilities and stockholders’ equity $ 2,043,592 $ 1,879,124