v3.24.1.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 71,811 $ 100,490
Accounts receivable, net of allowance of $4,873 and $6,335 93,993 91,139
Prepaid expenses and other current assets 93,095 100,944
Total current assets 258,899 292,573
Property and equipment, net 63,430 64,300
Right-of-use assets 16,482 15,395
Intangible assets, net 174,868 184,396
Goodwill 402,787 383,325
Deferred tax assets, net 28,156 24,874
Other assets 83,881 71,152
Total assets 1,028,503 1,036,015
Current liabilities:    
Accounts payable 9,373 9,108
Accrued expenses 99,212 131,443
Contributor royalties payable 61,392 54,859
Deferred revenue 198,041 203,463
Debt 30,000 30,000
Other current liabilities 34,959 23,513
Total current liabilities 432,977 452,386
Deferred tax liability, net 3,795 4,182
Lease liabilities 28,745 29,404
Other non-current liabilities 21,711 22,949
Total liabilities 487,228 508,921
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 40,013 and 39,982 shares issued and 35,603 and 35,572 shares outstanding as of March 31, 2024 and December 31, 2023, respectively 399 399
Treasury stock, at cost; 4,410 shares as of March 31, 2024 and December 31, 2023 (228,213) (228,213)
Additional paid-in capital 434,416 424,229
Accumulated other comprehensive loss (13,438) (11,974)
Retained earnings 348,111 342,653
Total stockholders’ equity 541,275 527,094
Total liabilities and stockholders’ equity $ 1,028,503 $ 1,036,015