v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 112,231 $ 111,251
Accounts receivable, net of allowance of $3,577 and $3,101 111,739 95,225
Prepaid expenses and other current assets 40,043 49,482
Total current assets 264,013 255,958
Property and equipment, net 65,624 66,400
Right-of-use assets 12,913 13,956
Intangible assets, net 238,278 248,477
Goodwill 572,420 569,668
Deferred tax assets, net 78,053 70,982
Other assets 92,917 83,715
Total assets 1,324,218 1,309,156
Current liabilities:    
Accounts payable 16,119 9,221
Accrued expenses 107,878 126,643
Contributor royalties payable 85,022 81,076
Deferred revenue 226,242 225,489
Debt 158,107 158,106
Other current liabilities 21,854 24,751
Total current liabilities 615,222 625,286
Deferred tax liability, net 1,853 2,174
Long-term debt 118,858 119,598
Lease liabilities 21,706 23,365
Other non-current liabilities 19,399 20,383
Total liabilities 777,038 790,806
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 40,422 and 40,395 shares issued and 34,901 and 34,874 shares outstanding as of March 31, 2025 and December 31, 2024, respectively 403 403
Treasury stock, at cost; 5,521 shares as of March 31, 2025 and December 31, 2024 (269,804) (269,804)
Additional paid-in capital 485,736 468,390
Accumulated other comprehensive loss (12,544) (16,841)
Retained earnings 343,389 336,202
Total stockholders’ equity 547,180 518,350
Total liabilities and stockholders’ equity $ 1,324,218 $ 1,309,156