Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 359,614 $ 429,279
Fees receivable, net 88,377 95,291
Prepaid expenses and other current assets 53,488 42,706
Total current assets 501,479 567,276
Property and equipment, net 62,848 50,215
Internally developed software, net 147,014 133,659
Intangible assets, net 400,876 400,396
Goodwill 925,003 925,154
Operating lease right-of-use assets, net 88,011 90,714
Other non-current assets 74,539 73,768
Total assets 2,199,770 2,241,182
Current liabilities:    
Accrued expenses and other liabilities 201,087 225,159
Accounts payable 18,854 19,092
Operating lease liabilities 10,439 10,999
Deferred revenue 44,427 33,473
Total current liabilities 274,807 288,723
Long-term debt 850,097 848,862
Non-current operating lease liabilities 103,332 105,920
Deferred tax liabilities, net 2,108 21,021
Other non-current liabilities 16,271 17,114
Total liabilities 1,246,615 1,281,640
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.005, 50,000,000 shares authorized; no shares issued and outstanding as of March 31, 2022 and December 31, 2021 0 0
Common stock, par value $0.005, 500,000,000 shares authorized; 69,432,152 and 68,879,152 shares issued as of March 31, 2022 and December 31, 2021, respectively; 55,175,096 and 54,793,088 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 347 344
Additional paid-in capital 1,153,892 1,131,628
Accumulated deficit (51,847) (37,988)
Treasury stock at cost, 14,257,056 and 14,086,064 shares as of March 31, 2022 and December 31, 2021, respectively (147,566) (134,996)
Accumulated other comprehensive loss (3,377) (1,899)
Total stockholders’ equity 951,449 957,089
Non-controlling interest 1,706 2,453
Total equity 953,155 959,542
Total liabilities and equity $ 2,199,770 $ 2,241,182