Paycom Software (PAYC) 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 24, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'PAYC	'
Entity Registrant Name	'Paycom Software, Inc.	'
Entity Central Index Key	'0001590955	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	51,112,429

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$18,473	$13,362
Restricted cash	370	369
Accounts receivable	1,468	1,705
Prepaid expenses	1,581	2,133
Inventory	384	578
Income tax receivable	'	150
Deferred tax assets	2,422	3,672
Current assets before funds held for clients	24,698	21,969
Funds held for clients	393,633	455,779
Total current assets	418,331	477,748
Property, plant and equipment, net of accumulated depreciation of $15.5 million and $11.5 million, respectively	46,642	38,671
Deposits and other assets	595	461
Goodwill	51,889	51,889
Intangible assets, net of accumulated amortization of $11.7 million and $10.5 million, respectively	5,499	6,709
Total assets	522,956	575,478
Current liabilities:	'	'
Accounts payable	1,976	5,020
Income tax payable	148	'
Accrued commissions and bonuses	2,568	3,598
Accrued payroll and vacation	2,665	3,087
Deferred revenue	2,186	1,582
Current portion of long-term debt	845	9,545
Accrued expenses and other current liabilities	3,871	4,372
Current liabilities before client funds obligation	14,259	27,204
Client funds obligation	393,633	455,779
Total current liabilities	407,892	482,983
Deferred tax liabilities	3,059	2,895
Long-term deferred revenue	15,048	10,990
Long-term debt, less current portion	26,341	11,545
Long-term debt to related parties	'	60,875
Derivative liability	'	1,107
Total long-term liabilities	44,448	87,412
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Common stock, $0.01 par value (100,000,000 shares authorized, 51,041,157 and 45,708,573 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively)	510	457
Additional paid in capital	66,949	33,978
Retained earnings (accumulated deficit)	3,157	-29,349
Total parent's stockholders' equity	70,616	5,086
Noncontrolling interest	'	-3
Total stockholders' equity	70,616	5,083
Total liabilities and stockholders' equity	$522,956	$575,478

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Accumulated depreciation	$15,517	$11,540
Accumulated amortization	$11,692	$10,482
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	51,056,462	45,708,573
Common stock, shares outstanding	51,056,462	45,708,573

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues	'	'	'	'
Recurring	$35,910	$25,210	$105,030	$75,808
Implementation and other	688	620	1,859	1,513
Total revenues	36,598	25,830	106,889	77,321
Cost of revenues	'	'	'	'
Operating expenses	5,798	4,846	17,847	13,633
Depreciation	638	494	1,876	1,320
Total cost of revenues	6,436	5,340	19,723	14,953
Administrative expenses	'	'	'	'
Sales and marketing	14,856	10,339	44,237	28,913
Research and development	1,059	538	2,878	1,317
General and administrative	8,410	6,815	25,816	18,851
Depreciation and amortization	1,159	959	3,322	2,716
Total administrative expenses	25,484	18,651	76,253	51,797
Total operating expenses	31,920	23,991	95,976	66,750
Operating income	4,678	1,839	10,913	10,571
Interest expense	-338	-2,329	-3,079	-6,929
Net loss on early repayment of debt	'	'	-4,044	'
Other income (expense), net	39	-133	1,395	140
Income (loss) before income taxes	4,379	-623	5,185	3,782
Provision (benefit) for income taxes	1,689	-199	2,028	1,211
Net income (loss)	2,690	-424	3,157	2,571
Net income (loss) attributable to noncontrolling interest	'	-3	'	19
Net income (loss) attributable to the Company	2,690	-421	3,157	2,552
Pro forma additional income tax expense (benefit)	'	-93	'	563
Pro forma net income (loss)	$2,690	($328)	$3,157	$1,989
Net income (loss) per share, basic	$0.05	($0.01)	$0.06	$0.06
Net income (loss) per share, diluted	$0.05	($0.01)	$0.06	$0.05
Pro forma net income (loss) per share, basic	$0.05	($0.01)	$0.06	$0.04
Pro forma net income (loss) per share, diluted	$0.05	($0.01)	$0.06	$0.04
Weighted average shares outstanding:	'	'	'	'
Basic	51,056,462	45,707,802	49,040,344	45,398,933
Diluted	52,978,051	45,707,802	51,223,048	47,975,548
Pro forma weighted average shares outstanding:	'	'	'	'
Basic	51,056,462	45,707,802	49,040,344	45,398,933
Diluted	52,978,051	45,707,802	51,223,048	47,975,548

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities	'	'
Net income	$3,157	$2,571
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	5,198	4,036
Amortization of debt discount	67	178
Write off of debt issuance costs	4,051	'
Stock-based compensation	362	925
Change in fair value of derivative liability	-1,107	257
Changes in operating assets and liabilities:	'	'
Accounts receivable	237	-85
Prepaid expenses	-94	-753
Inventory	195	-121
Deposits and other assets	-145	-53
Income tax receivable	150	'
Deferred tax assets	1,250	1,211
Deferred tax liabilities	164	'
Income tax payable	148	'
Accounts payable	-3,044	-159
Accrued commissions and bonuses	-1,030	-1,195
Accrued payroll and vacation	-422	-170
Deferred revenue	4,662	2,775
Accrued expenses and other liabilities	-498	2,679
Net cash provided by operating activities	13,301	12,096
Investing activities	'	'
Decrease in funds held for clients	62,146	82,294
Increase (decrease) in restricted cash	1	-1
Additions to property, plant and equipment	-11,948	-6,243
Net cash provided by investing activities	50,199	76,050
Financing activities	'	'
Proceeds from issuance of long-term debt	6,539	'
Proceeds from initial public offering	62,842	'
Payments on long-term debt	-65,442	1,750
Decrease in client funds obligation	-62,146	-82,294
Incentive awards redeemed	'	-1,061
Capital impact of reorganization	-183	'
Capital contribution	1	1,162
Net cash used in financing activities	-58,389	-80,443
Change in cash and cash equivalents	5,111	7,703
Cash and cash equivalents	'	'
Beginning of period	13,362	13,435
End of period	$18,473	$21,138

Consolidation_and_Basis_of_Pre

Consolidation and Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Consolidation and Basis of Presentation	'
	1. CONSOLIDATION AND BASIS OF PRESENTATION
	The Reorganization
	Paycom Software, Inc. (“Software”) and its wholly-owned subsidiary, Payroll Software Merger Sub, LLC (“Merger Sub”) were formed as Delaware entities on October 31, 2013, and December 23, 2013, respectively, in anticipation of an initial public offering (“IPO”) and were wholly-owned subsidiaries of Paycom Payroll, LLC (“Paycom”) prior to December 31, 2013.
	On January 1, 2014, we consummated a reorganization pursuant to which: (i) affiliates of Welsh, Carson, Anderson & Stowe, L.P. contributed WCAS Paycom Holdings, Inc. (“WCAS Holdings”) and WCAS CP IV Blocker, Inc. (“CP IV Blocker”), which collectively own all of the Series A Preferred Units of Paycom Payroll Holdings, LLC (“Holdings”), to Software in exchange for shares of common stock of Software and (ii) the owners of outstanding Series B Preferred Units of Holdings contributed their Series B Preferred Units of Holdings to Software in exchange for shares of common stock of Software. Immediately after these contributions, Merger Sub merged with and into Holdings with Holdings surviving the merger. Upon consummation of the merger, the remaining holders of outstanding common and incentive units of Holdings received shares of common stock of Software for their common and incentive units by operation of Delaware law and Holdings’ ownership interest in Software was cancelled. Outstanding common units, Series B Preferred Units and WCAS Holdings and CP IV Blocker were contributed to Software in exchange for, or converted into, 45,708,573 shares of common stock and 8,121,101 shares of restricted stock of Software. Following these transactions, all outstanding Series C Preferred Units were eliminated in an intercompany transaction between Holdings and WCAS Holdings, and we assumed the 14% Note due 2017 issued by WCAS Holdings (the “2017 Note”). Following the reorganization, Software became a holding company with its principal asset being the Series A Preferred Units of Holdings (collectively, the “2014 Reorganization”).
	Software’s acquisition of WCAS Holdings and Holdings in the 2014 Reorganization represented transactions under common control and were required to be retrospectively applied to the financial statements for all prior periods when the financial statements were issued for a period that included the date the transactions occurred. Therefore, our consolidated financial statements are presented as if WCAS Holdings and Holdings were wholly-owned subsidiaries in periods prior to the 2014 Reorganization. The acquisition of CP IV Blocker was not deemed to be a reorganization under common control and therefore our historical consolidated financial statements for periods prior to January 1, 2014 include the ownership of a minority equity interest in CP IV Blocker, which was eliminated upon the acquisition of CP IV Blocker on January 1, 2014.
	Our unaudited interim condensed consolidated financial statements include the financial results of Software, WCAS Holdings, CP IV Blocker and Holdings, effective January 1, 2014. Intercompany balances and transactions were eliminated in consolidation.
	Unless we state otherwise or the context otherwise requires, the terms “we,” “us,” “our” and the “Company” refer, prior to the 2014 Reorganization, to Holdings, Holdings’ consolidated subsidiaries and WCAS Holdings collectively, and after the 2014 Reorganization, to Software and its consolidated subsidiaries.
	Basis of Presentation
	The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial statements that permit reduced disclosure for interim periods. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments necessary to fairly present our condensed consolidated financial position as of September 30, 2014 and December 31, 2013, our condensed consolidated results of operations for the three and nine months ended September 30, 2014 and 2013 and our condensed consolidated cash flows for the nine months ended September 30, 2014 and 2013. Such adjustments are of a normal recurring nature. The information in this Quarterly Report on Form 10-Q should be read in conjunction with our final prospectus filed pursuant to Rule 424(b) (the “Prospectus”) with the SEC on April 15, 2014.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.
	Significant estimates include the useful life for long-lived and intangible assets, the life of our client relationships, the fair market value of our equity incentive awards and the fair value of our financial instruments. These estimates are based on historical experience where applicable and other assumptions that management believes are reasonable under the circumstances. As such, actual results could materially differ from these estimates.
	Segment Information
	We operate in a single operating segment and a single reporting segment and all required financial segment information is presented in the condensed consolidated financial statements.
	Anti-Dilutive Securities
	We excluded 2,301,603 shares of restricted stock from the diluted earnings per share calculation for the three months ended September 30, 2013 because the shares were anti-dilutive.
	Subsequent Events
	We have evaluated subsequent events for recognition or disclosure in our condensed consolidated financial statements and determined that no subsequent events would require adjustment to the condensed consolidated financial statements or additional disclosure other than the information disclosed herein. See “Note 13-Subsequent Events.”
	Summary of Significant Accounting Policies
	Software’s significant accounting policies are discussed in Note 2 to its audited consolidated financial statements for the fiscal year December 31, 2013 included in the Prospectus filed with the SEC on April 15, 2014, and have not changed.
	Recently Issued and Adopted Accounting Pronouncements
	In July 2013, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. We adopted this new guidance during the nine months ended September 30, 2014, which did not have a material impact on our condensed consolidated financial statements.
	In May 2014, the FASB issued authoritative guidance which included a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption is not permitted. Accordingly, the standard is effective for us on January 1, 2017. We are currently evaluating the impact that the standard will have on our condensed consolidated financial statements.
	In June 2014, the FASB issued authoritative guidance for share-based payments which requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Accordingly, the standard is effective for us on January 1, 2016. We do not anticipate that the adoption of this standard will have a material impact on our condensed consolidated financial statements.

Property_Plant_and_Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment	'
	2. PROPERTY, PLANT AND EQUIPMENT
	Property, plant and equipment and accumulated depreciation were as follows:
		September 30,			December 31,
		2014			2013
	Property, plant and equipment
	Buildings	$	28,154		$	14,828
	Software and capitalized software costs		7,635			5,578
	Computer equipment		6,613			4,832
	Rental clocks		6,111			4,865
	Furniture, fixtures and equipment		4,073			3,189
	Vehicles		421			421
	Leasehold improvements		159			135
			53,166			33,848
	Less: accumulated depreciation		(15,517	)		(11,540	)
			37,649			22,308
	Land		8,993			8,993
	Construction in process		—			7,370
	Property, plant and equipment, net	$	46,642		$	38,671
	Rental clocks included in property, plant and equipment, net represent time clocks issued to clients under month-to-month operating leases. These items are transferred upon issuance from inventory to fixed assets and depreciated over their estimated useful lives.
	Depreciation expense for property, plant and equipment, net was $1.4 million and $4.0 million for the three and nine months ended September 30, 2014, respectively. Depreciation expense for property, plant and equipment, net was $1.0 million and $2.8 million for the three and nine months ended September 30, 2013, respectively.
	We capitalize interest incurred under our indebtedness related to construction of our principal executive offices. For the three months ended September 30, 2014, we paid interest costs of $0.3 million, none of which was capitalized. For the nine months ended September 30, 2014, we paid interest costs of $0.9 million, of which $0.4 million was capitalized. For the three and nine months ended September 30, 2013, we paid interest costs of $0.2 million and $0.6 million, respectively, of which less than $0.1 million was capitalized for each respective time period.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets, Net	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets, Net	'
	3. GOODWILL AND INTANGIBLE ASSETS, NET
	We had goodwill of $51.9 million as of September 30, 2014 and December 31, 2013. We have selected June 30 as our annual goodwill impairment testing date and determined there was no impairment as of June 30, 2014. For the year ended December 31, 2013, there were no indicators of impairment.
	All of our intangible assets are considered to have finite lives and, as such, are subject to amortization. The components of intangible assets were as follows:
		September 30, 2014
		Weighted Avg.				Accumulated
		Remaining
		Useful Life		Gross		Amortization			Net
		(Years)
	Intangibles:
	Customer relationships		2.8	$	13,997	$	(10,147	)	$	3,850
	Trade name		7.8		3,194		(1,545	)		1,649
	Total			$	17,191	$	(11,692	)	$	5,499
		December 31, 2013
		Weighted Avg.				Accumulated
		Remaining
		Useful Life		Gross		Amortization			Net
		(Years)
	Intangibles:
	Customer relationships		3.5	$	13,997	$	(9,098	)	$	4,899
	Trade name		8.5		3,194		(1,384	)		1,810
	Total			$	17,191	$	(10,482	)	$	6,709
	The weighted average remaining useful life of our intangible assets was 4.3 years as of September 30, 2014. Amortization of intangible assets for the three and nine months ended September 30, 2014 was $0.4 million and $1.2 million, respectively. Amortization of intangible assets for the three and nine months ended September 30, 2013 was $0.4 million and $1.2 million, respectively. Estimated amortization expense as of September 30, 2014 for our existing intangible assets for the next five years and thereafter was as follows:
	Year Ending	Amortization
	December 31,	Expense
	2014	$	403
	2015		1,613
	2016		1,613
	2017		913
	2018		213
	Thereafter		744
		$	5,499

Funds_Held_for_Clients_and_Cli

Funds Held for Clients and Client Funds Obligation	9 Months Ended
	Sep. 30, 2014
Funds Held for Clients and Client Funds Obligation	'
	4. FUNDS HELD FOR CLIENTS AND CLIENT FUNDS OBLIGATION
	As part of our payroll and tax filing application, we collect funds for federal, state and local employment taxes from clients, handle applicable regulatory tax filings, correspondence and amendments, remit the funds to appropriate tax agencies, and handle other employer-related services. Amounts collected by us from clients for their federal, state and local employment taxes earn interest during the interval between receipt and disbursement, as we invest these funds in money market funds and certificates of deposit. These collections from clients are typically disbursed from one to 30 days after receipt, with some funds being held for up to 120 days. These investments are shown in the Condensed Consolidated Balance Sheets as “Funds held for clients”, and the offsetting liability for the tax filings is shown as “Client funds obligation.” As of September 30, 2014 and December 31, 2013, the funds held for clients were invested in demand deposits, short-term certificates of deposit and money market funds. The interest earned on these funds is included in “Other income (expense), net”, on the Condensed Consolidated Statements of Income.

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2014
Long-Term Debt	'
	5. LONG-TERM DEBT
	Our long-term debt consisted of the following:
			September 30,			December 31,
			2014			2013
	Term note to bank due December 15, 2018 (1)		$	—		$	11,963
	Construction note to bank (2)			—			9,127
	Term note to bank due June 1, 2021 (3)			27,186			—
	Note to related party due April 3, 2017 (4)			—			46,193
	Note to related party due April 3, 2022 (5)			—			18,807
	Less: Unamortized debt discounts			—			(4,125	)
	Total long-term debt (including current portion)			27,186			81,965
	Less: Current portion			(845	)		(9,545	)
	Total long-term debt, net		$	26,341		$	72,420
	-1	In March 2013, we entered into a construction loan agreement for the construction of a second building at our corporate headquarters with Kirkpatrick Bank due May 1, 2015, which allowed for a maximum principal amount of $12.3 million (the “2013 Construction Loan”). The 2013 Construction Loan was secured by a first mortgage covering the second headquarters building and a first lien security interest in certain personal property relating to the second headquarters building. Under the 2013 Construction Loan, interest accrued monthly at the Wall Street Journal U.S. Prime Rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum. Interest on the 2013 Construction Loan was payable monthly on the first day of each month. The 2013 Construction Loan, along with the 2011 Consolidated Loan, was converted into a term loan in July 2013 (the “2013 Term Loan”).
	In November 2013, we entered into a loan agreement for the purchase of approximately 18.3 acres for future expansion at our headquarters with Kirkpatrick Bank, which allowed for a maximum principal amount of $3.0 million (“2013 Land Loan”). Under the 2013 Land Loan, interest accrued monthly at the Wall Street Journal U.S. Prime Rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum.
	In December 2013, we consolidated the 2013 Term Loan and the 2013 Land Loan (“2013 Consolidated Loan”) under a modification agreement that increased the combined maximum principal amount of the 2013 Consolidated Loan to $14.6 million. The 2013 Consolidated Loan was secured by a first mortgage covering all of the second headquarters building and a first lien security interest in certain personal property relating to the second headquarters building. Under the 2013 Consolidated Loan, interest accrued monthly at the Wall Street Journal U.S. Prime rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum. In the second quarter of 2014, the 2013 Consolidated Loan was consolidated into the 2021 Consolidated Loan.
	The 2011 Consolidated Loan and the 2013 Consolidated Loan were subject to certain financial covenants, as defined in the applicable agreement, including maintaining a debt coverage ratio of EBITDA to indebtedness (defined as current maturities of long-term debt, interest expense and distributions) of greater than 1.5 to 1.0. As of December 31, 2013, we were not in compliance with the financial covenant related to the debt coverage ratio. We obtained a letter of waiver from the lender that excluded certain items from the calculation as of December 31, 2013 and which remains in effect through April 30, 2015.
	-2	In December 2011, we consolidated pre-existing construction loans for the construction of a new corporate headquarters, processing center and gymnasium into a term note (the “2011 Consolidated Loan”). Under the 2011 Consolidated Loan, principal and interest were payable monthly based on a 20 year amortization rate of 5.0%. The 2011 Consolidated Loan was collateralized by a first mortgage covering our original corporate headquarters building and was secured by a first lien security interest in certain personal property relating to our original corporate headquarters building. In the second quarter of 2014, the 2011 Consolidated Loan was consolidated into the 2021 Consolidated Loan. See Note (3) below for the definition of, and more information about, the 2021 Consolidated Loan.
	-3	At September 30, 2014, our outstanding indebtedness consisted of a term note under a Loan Agreement (the “2021 Consolidated Loan”) with an outstanding principal balance of $27.2 million as of September 30, 2014. In June 2014, we consolidated outstanding amounts under the 2011 Consolidated Loan and 2013 Consolidated Loan into the 2021 Consolidated Loan under a modification agreement. The 2021 Consolidated Loan is due to Kirkpatrick Bank and matures on May 30, 2021. Under the 2021 Consolidated Loan, interest is payable monthly and accrues at a fixed rate of 4.75% per annum. The 2021 Consolidated Loan is secured by a mortgage covering our headquarters buildings and certain personal property relating to our headquarters buildings.
	The 2021 Consolidated Loan includes certain financial covenants, including maintaining a debt coverage ratio of EBITDA to indebtedness (defined as current maturities of long-term debt, interest expense and distributions), as defined in the applicable agreement, of greater than 1.5 to 1.0. We were in compliance with the financial covenant related to the debt coverage ratio as of September 30, 2014.
	-4	In April 2014, we paid off the balance of the 2017 Note that was issued by WCAS Holdings and was payable to Welsh, Carson, Anderson & Stowe X, L.P., a related party (“WCAS X”) with proceeds from our IPO. The 2017 Note accrued interest at a rate of 14% per annum. As of December 31, 2013, the outstanding principal balance of the 2017 Note was $46.2 million.
	-5	In April 2014, we paid off the balance of the 10% Senior Note due 2022 (the “2022 Note”) with WCAS Capital Partners IV, L.P., a related party (“WCAS CP IV”) with proceeds from our IPO and from existing cash. The 2022 Note accrued interest at a rate of 10% per annum. As of December 31, 2013, the outstanding principal amount of the 2022 Note was $18.8 million. The 2022 Note was issued at a discount of $2.4 million. The total unamortized discount related to this note was $4.1 million. As of December 31, 2013, in conjunction with the payoff of this note, we wrote off the remaining unamortized discount of $0.5 million.
	As of September 30, 2014, the carrying value and fair value of our total long-term debt, including the current portion, were each $27.2 million. As of December 31, 2013, the carrying value and fair value of our total long-term debt, including the current portion, were $82.0 million and $84.9 million, respectively. The fair value of variable rate long-term debt approximates its market value because the cost of borrowing fluctuates based upon market conditions. The fair value of fixed rate long-term debt is estimated based on the borrowing rates currently available to us for bank loans with similar terms and maturities.

Employee_Savings_Plan

Employee Savings Plan	9 Months Ended
	Sep. 30, 2014
Employee Savings Plan	'
	6. EMPLOYEE SAVINGS PLAN
	Our employees that are over the age of 21 and have completed 90 days of service are eligible to participate in our 401(k) plan. We have made a Qualified Automatic Contribution Arrangement (“QACA”) election, whereby we make a matching contribution equal to 100% of the first 1% of salary deferrals and 50% of salary deferrals between 2% and 6%, up to a maximum matching contribution of 3.5% of salary each plan year for our employees. We are allowed to make additional discretionary matching contributions and discretionary profit sharing contributions. Employees are 100% vested in amounts attributable to salary deferrals and rollover contributions. The QACA matching contributions will be 100% vested after two years of employment from the date of hire. If an employee terminates service prior to completing two years of employment, the employee will not be vested in these contributions. The discretionary contributions are vested over a six year period. Matching contributions amounted to $0.4 million and $1.3 million for the three and nine months ended September 30, 2014, respectively. Matching contributions amounted to $0.3 million and $0.9 million for the three and nine months ended September 30, 2013, respectively.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2014
Fair Value of Financial Instruments	'
	7. FAIR VALUE OF FINANCIAL INSTRUMENTS
	Our financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, funds held for clients, client funds obligation, long-term debt and derivative liability. The carrying amount of cash and cash equivalents, accounts receivable, accounts payable, funds held for clients and client fund obligations approximates fair value because of the short-term nature of the instruments.
	We measure certain financial assets and liabilities at fair value at each reporting period. Fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value are as follow:
	Level 1—Unadjusted observable inputs that reflect quoted prices in active markets
	Level 2—Input other than quoted prices in active markets that are directly or indirectly observable
	Level 3—Unobservable inputs that are supported by little or no market activity
	We use observable data, when available. During the three and nine months ended September 30, 2014 and 2013, we did not have any transfers between Levels 1, 2 or 3 in the three-tier fair value hierarchy.
	We had no financial assets or liabilities measured at fair value on a recurring basis as of September 30, 2014. The following tables provide a summary of the fair value of financial instruments that are measured on a recurring basis using the above input categories as of December 31, 2013:
		December 31, 2013
		Level 1			Level 2			Level 3		Total
	Liabilities
	Derivative liability	$	—		$	—		$	1,107	$	1,107
		$	—		$	—		$	1,107	$	1,107
	The derivative liability related to the 2022 Note was classified as a Level 3 financial instrument due to valuation being based upon significant unobservable inputs.
	The key inputs used to calculate the fair value of the embedded derivative are: probability of exit, remaining term, yield volatility, credit spread, and risk-free rate. In general, increases in the probability of exit, credit spread, and risk-free rate would increase the value of the embedded derivative. Conversely, increases in the remaining term and yield volatility would decrease the value of the embedded derivative.
	Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments were as follows as of December 31, 2013:
		December 31, 2013
		Valuation Technique			Key Inputs		Range
	Derivative Liability		Lattice Model		Probability of exit		90%
					Remaining term		0.8 years - 8.3 years
					Yield Volatility		21.4% - 31.1%
					Credit Spread		8.90%
					Risk-free rate		0.13% - 2.45%
	The following table summarizes the changes in fair value of our Level 3 financial instruments for the three and nine months ended September 30, 2014 and 2013:
		Three Months			Nine Months
		Ended September 30, 2014			Ended September 30, 2014
	Beginning Balance	$	—		$	1,107
	Issuances		—			—
	Change in fair value of derivative liability		—			(635	)
	Write-off to Other income (expense)		—			(472	)
	Ending Balance	$	—		$	—
		Three Months			Nine Months
		Ended September 30, 2013			Ended September 30, 2013
	Beginning Balance	$	1,766		$	1,767
	Issuances		—			—
	Change in fair value of derivative liability		(659	)		(660	)
	Ending Balance	$	1,107		$	1,107
	Total change in fair value of derivative liability recognized as “Other income (expense), net” in the Condensed Consolidated Statements of Income was $(0.7 million) for each of the three and nine months ended September 30, 2013. Total change in fair value of derivative liability, including write-off of the balance due to payoff of the associated loan, recognized as “Other income (expense), net” in the Condensed Consolidated Statements of Income, was $0 and $(1.1 million) for the three and nine months ended September 30, 2014, respectively.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share	'
	8. EARNINGS PER SHARE
	Basic earnings per share (“EPS”) is based on the weighted average number of shares of common stock outstanding for the period. Diluted EPS is computed in a similar manner to basic EPS after assuming the issuance of shares of common stock for all potentially dilutive shares of restricted stock whether or not they are vested.
	Under the 2014 Reorganization, all the outstanding common units, Series B Preferred Units and incentive units of Holdings were exchanged for, or converted into, 45,708,573 shares of our common stock and 8,121,101 shares of our restricted stock as of January 1, 2014.
	The following is a reconciliation of net income (loss) and the shares of common stock used in the computation of basic and diluted net earnings per share:
		Three Months Ended						Nine Months Ended
		September 30, 2014			September 30, 2013			September 30, 2014		September 30, 2013
	Numerator:
	Net income (loss)	$	2,690		$	(424	)	$	3,157	$	2,571
	Net income (loss) attributable to non-controlling interest		—			(3	)		—		19
	Net income (loss) attributable to the Company	$	2,690		$	(421	)	$	3,157	$	2,552
	Denominator:
	Weighted average shares outstanding		51,056,462			44,560,053			49,040,344		44,560,053
	Adjustment for vested restricted stock		—			1,147,749			—		838,880
	Shares for calculating basic EPS		51,056,462			45,707,802			49,040,344		45,398,933
	Weighted average shares outstanding		51,056,462			45,707,802			49,040,344		44,560,053
	Dilutive effect of unvested restricted stock		1,921,589			—			2,182,704		3,415,495
	Shares for calculating diluted EPS		52,978,051			45,707,802			51,223,048		47,975,548
	Net income (loss) per share:
	Basic	$	0.05		$	(0.01	)	$	0.06	$	0.06
	Diluted	$	0.05		$	(0.01	)	$	0.06	$	0.05
	We excluded 2,301,603 shares of restricted stock from the diluted earnings per share calculation for the three months ended September 30, 2013 because the shares were anti-dilutive.
	There is no difference in net income and pro forma net income for either the three or nine months ended September 30, 2014. The following is a reconciliation of pro forma net income for the three and nine months ended September 30, 2013 and the shares of stock used in the computation of pro forma basic and diluted net income per share:
		Three Months Ended			Nine Months Ended
		September 30, 2013			September 30, 2013
	Pro forma numerator:
	Net income (loss) attributable to the Company	$	(421	)	$	2,552
	Pro forma additional income tax expense (benefit) (Note 12)		(93	)		563
	Pro forma net income (loss) attributable to the Company (Note 12)	$	(328	)	$	1,989
	Pro forma denominator:
	Pro forma weighted average shares outstanding		44,560,053			44,560,053
	Adjustment for vested restricted stock		1,147,749			838,880
	Pro forma shares for calculating basic EPS		45,707,802			45,398,933
	Pro forma weighted average shares outstanding		45,707,802			44,560,053
	Effect of dilutive restricted stock		—			3,415,495
	Pro forma shares for calculating diluted EPS		45,707,802			47,975,548
	Pro forma net income per share:
	Basic	$	(0.01	)	$	0.04
	Diluted	$	(0.01	)	$	0.04
	See “Note 12 Income Taxes” for additional information regarding pro forma income tax expense.

Stockholders_Equity_and_Incent

Stockholders' Equity and Incentive Compensation	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity and Incentive Compensation	'
	9. STOCKHOLDERS’ EQUITY AND INCENTIVE COMPENSATION
	Prior to the 2014 Reorganization, Holdings had four authorized classes of limited liability company interests (each a “unit”). Series A Preferred Units were voting units with first priority of distribution, entitled to a preferred yield (as defined within our limited liability company agreement) of 9% with regard to certain future asset distributions and conversion features. Series B Preferred Units were non-voting units, entitled to receive distributions only after certain conditions were met. Common units were voting units. Incentive units were non-voting units reserved for issuance to our employees, officers, directors and other service providers.
	On January 1, 2014, we consummated the 2014 Reorganization, pursuant to which: (i) affiliates of Welsh, Carson, Anderson & Stowe, L.P., contributed WCAS Holdings and CP IV Blocker, which collectively own all of the Series A Preferred Units of Holdings, to Software in exchange for shares of common stock of Software and (ii) the owners of outstanding Series B Preferred Units of Holdings contributed their Series B Preferred Units of Holdings to Software in exchange for shares of common stock of Software. Immediately after these contributions, Merger Sub merged with and into Holdings with Holdings surviving the merger. Upon consummation of the merger, the remaining holders of outstanding common and incentive units of Holdings received shares of common stock of Software for their common and incentive units by operation of Delaware law and Holdings’ ownership interest in Software was cancelled. Outstanding common units, Series B Preferred Units and WCAS Holdings and CP IV Blocker were contributed to Software in exchange for, or converted into, 45,708,573 shares of common stock and 8,121,101 shares of restricted common stock of Software.
	The shares of restricted stock were issued subject to various vesting conditions. A portion of the restricted stock is subject to time-based vesting conditions, while the remaining portion is subject to performance-based vesting conditions. The performance-based vesting conditions are based on our total enterprise value exceeding certain specified thresholds. For additional information concerning the vesting conditions of the restricted stock, see “Executive Compensation—Narrative Discussion Regarding Summary Compensation Table—Equity Incentive Units and Restricted Stock Awards” included in the Prospectus filed with the SEC on April 15, 2014.
	Following these transactions, all outstanding Series C Preferred Units were eliminated in an intercompany transaction between Holdings and WCAS Holdings, and we assumed the 2017 Note. As a result of the 2014 Reorganization, we recorded a one-time reclassification of $29.6 million of historical accumulated deficit to additional paid in capital on January 1, 2014. Following the 2014 Reorganization, Software became a holding company with its principal asset being the Series A Preferred Units of Holdings.
	As of September 30, 2014 and December 31, 2013, there was $1.0 million and $1.3 million, respectively, of total unrecognized compensation cost related to unvested restricted stock issued to employees. The unrecognized compensation cost is expected to be recognized over a weighted average period of 2.9 years. On April 21, 2014, 217,378 shares of restricted stock automatically vested and converted into shares of common stock.

RelatedParty_Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2014
Related-Party Transactions	'
	10. RELATED-PARTY TRANSACTIONS
	During the three months ended September 30, 2014 and 2013, we paid Advantage Benefits Plus (“Advantage”) a total of $31 thousand and $3 thousand, respectively, for administering our employee cafeteria plan. During the nine months ended September 30, 2014 and 2013, we paid Advantage a total of $39 thousand and $8 thousand, respectively, for administering our employee cafeteria plan. Employee payroll deductions are sent to Advantage and we are billed monthly for an administrative fee. Advantage is owned by the spouse of Craig E. Boelte, our Chief Financial Officer.
	Our Dallas office building is owned by 417 Oakbend, LP, a Texas limited partnership. Jeff York, our Chief Sales Officer, owns a .01% general partnership interest and a 10.49% limited partnership interest in 417 Oakbend, LP. During each of the three months ended September 30, 2014 and 2013, we paid rent on our Dallas office space in the amounts of less than $0.1 million. During each of the nine months ended September 30, 2014 and 2013, we paid rent on our Dallas office space in the amounts of $0.2 million.
	In connection with the corporate reorganization in April 2012, we entered into the 2022 Note with WCAS CP IV, a related party. We paid off the balance of this note in April 2014 with proceeds from our IPO and with existing cash on hand.
	In connection with the 2014 Reorganization, we assumed the 2017 Note that was issued by WCAS Holdings and was payable to WCAS X. We paid off the balance of this note in April 2014 with proceeds from our IPO.
	We entered into a Limited Liability Company Unit Redemption Agreement, effective as of January 26, 2013, pursuant to which we purchased 2,605 incentive units from a former employee at a purchase price of $260.21 per unit, which price was based on a third party appraisal and an internal appraisal. The incentive units were purchased from the former employee for an aggregate purchase price of approximately $0.7 million. The former employee is the brother of William X. Kerber III, our Chief Information Officer.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies	'
	11. COMMITMENTS AND CONTINGENCIES
	Funding Agreement
	In March 2010, we entered into a funding agreement with the Oklahoma City Economic Development Trust (the “Trust”) and the city of Oklahoma City. The Trust provided $2.0 million as an up-front job creation payment for the construction of certain public infrastructure improvements related to our new principal executive offices in northwest Oklahoma City. In exchange for the funding, we agreed to create at least 492 jobs over a five year period, with an average first year salary in excess of $37 thousand and make a minimum capital investment in the project of at least $15.0 million. We further agreed that we would be responsible for repayment of any amount that was not offset by earned job creation payments. As of September 30, 2014 and December 31, 2013, we had earned $1.9 million and $1.5 million of job creation payments, respectively. We believe that we will fulfill the obligations under this agreement within the time frame specified.
	Legal Proceedings
	In July 2013, Dr. Lakshmi Arunachalam filed a complaint against Paycom Payroll, LLC (“Paycom”) in the U.S. District Court for the District of Delaware alleging that Paycom infringes on U.S. Patent No. 8,244,833 assigned to her. Paycom denied all claims made against it by Dr. Arunachalam in her complaint, asserted various defenses and counterclaims for non-infringement and challenged the validity and enforceability of U.S. Patent No. 8,244,833. The initial lawsuit was dismissed and a complaint was filed by Pi-Net International, Inc. on April 18, 2014, along with the claims of infringement of two additional patents, U.S. Patent No. 5,987,500 and U.S. Patent No. 8,108,492. On July 1, 2014, Paycom, Webexchange, Inc., Dr. Arunachalam, and Pi-Net International, Inc. entered into a confidential settlement agreement. As part of this settlement agreement, Pi-Net International, Inc. and Paycom entered a stipulation of dismissal with prejudice on July 1, 2014.
	On September 23, 2014, we filed a complaint against National Financial Partners Corp. in the United States District Court for the Western District of Oklahoma (Civil Action No. 5:14-cv-01029-R) seeking a declaratory judgment that we have not engaged in any trademark infringement or unfair competition in connection with the use of our logo. On September 23, 2014, National Financial Partners Corp. filed a complaint against Software in the United States District Court for the Northern District of Illinois (Civil Action No. 1:14-cv-07424). The complaint alleges trademark infringement, unfair competition, deceptive trade practices, consumer fraud and deceptive business practices related to the adoption and use of our logo and seeks an injunction prohibiting us from continued infringement as well as money damages, including an accounting for sales and profits, attorneys’ fees and disgorgement of profits. On October 20, 2014, we filed a motion to transfer the action from the Northern District of Illinois to the Western District of Oklahoma, and a memorandum in support of the motion to transfer, in the Northern District of Illinois. We intend to vigorously defend this litigation. In the event that a court ultimately determines that we have infringed any of the asserted trademarks, we may be subject to damages, which may include treble damages, and/or an injunction that could cause us to modify our logo and/or undergo a rebranding of our solution and applications. We cannot predict with any degree of certainty the outcome of the litigation or determine the extent of any potential liability or damages.
	We are involved in various other legal proceedings in the ordinary course of business. Although we cannot predict the outcome of these proceedings, legal matters are subject to inherent uncertainties and there exists the possibility that the ultimate resolution of these matters could have a material adverse effect on our business, financial condition, results of operations or cash flows.
	Operating Leases
	We lease office space under several noncancellable operating leases with contractual terms expiring from 2014 to 2019. Minimum rent expense is recognized over the lease term. The lease term is defined as the fixed noncancellable term of the lease plus all periods, if any, for which failure to renew the lease imposes a penalty on us in an amount that a renewal appears, at the inception of the lease, to be reasonably assured. When a lease contains a predetermined fixed escalation of the minimum rent, we recognize the related rent expense on a straight-line basis and record the difference between the recognized rent expense and the amount payable under the lease as a liability.
	Future annual minimum lease payments under noncancellable operating leases with initial or remaining terms of one year or more at September 30, 2014 were as follows:
	Year Ending December 31,	Operating
	2014	$	927
	2015		3,811
	2016		3,542
	2017		3,181
	2018		2,622
	Thereafter		1,772
	Total minimum lease payments	$	15,855
	Rent expense under operating leases for the three and nine months ended September 30, 2014 was $1.0 million and $2.4 million, respectively. Rent expense under operating leases for the three and nine months ended September 30, 2013 was $0.5 million and $1.4 million, respectively.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Taxes	'
	12. INCOME TAXES
	The provision for income taxes is based on a current estimate of the annual effective income tax rate adjusted to reflect the impact of discrete items. Significant management judgment is required in estimating operating income in order to determine our estimated effective income tax rate. The effective income tax rate was 38.57% and 31.94% for the three months ended September 30, 2014 and 2013, respectively. The effective income tax rate was 39.11% and 32.02% for the nine months ended September 30, 2014 and 2013, respectively. The higher effective income tax rate for the three and nine months ended September 30, 2014 is primarily a result of our 2014 Reorganization, as the 2013 effective income tax rate only includes WCAS Holdings which has historically been treated as a consolidated corporation that is taxed under Subchapter C of the United States Internal Revenue Code of 1986, as amended (a “Subchapter C Corporation”).
	As a result of the 2014 Reorganization, we are treated as a Subchapter C Corporation and, therefore, subject to both federal and state income taxes. Holdings continues to be recognized as a wholly-owned partnership for income tax purposes. Accordingly, we recorded a one-time non-cash charge to equity of $0.2 million during the nine months ended September 30, 2014 for the amount of the deferred tax liability resulting from the exchange of common units, incentive units and Series B Preferred Units of Holdings for common stock and restricted stock of Software as part of the 2014 Reorganization.
	Pro Forma Income Tax Expense
	In connection with the 2014 Reorganization, we became taxed as a Subchapter C Corporation effective January 1, 2014. The pro forma net income applied in computing the pro forma EPS for the three and nine months ended September 30, 2013 is based on our historical net income as adjusted to reflect our conversion to a Subchapter C Corporation as if it had occurred as of January 1, 2013. The pro forma net income includes an adjustment to income tax expense, the amount of which was determined at an effective income tax rate of 46.9%, which resulted in an incremental pro forma income tax expense (benefit) of ($0.1 million) and $0.6 million for the three and nine months ended September 30, 2013, respectively.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events	'
	13. SUBSEQUENT EVENTS
	We had no material subsequent events that have not already been disclosed in the notes to these condensed consolidated financial statements.

Consolidation_and_Basis_of_Pre1

Consolidation and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2014
The Reorganization	'
	The Reorganization
	Paycom Software, Inc. (“Software”) and its wholly-owned subsidiary, Payroll Software Merger Sub, LLC (“Merger Sub”) were formed as Delaware entities on October 31, 2013, and December 23, 2013, respectively, in anticipation of an initial public offering (“IPO”) and were wholly-owned subsidiaries of Paycom Payroll, LLC (“Paycom”) prior to December 31, 2013.
	On January 1, 2014, we consummated a reorganization pursuant to which: (i) affiliates of Welsh, Carson, Anderson & Stowe, L.P. contributed WCAS Paycom Holdings, Inc. (“WCAS Holdings”) and WCAS CP IV Blocker, Inc. (“CP IV Blocker”), which collectively own all of the Series A Preferred Units of Paycom Payroll Holdings, LLC (“Holdings”), to Software in exchange for shares of common stock of Software and (ii) the owners of outstanding Series B Preferred Units of Holdings contributed their Series B Preferred Units of Holdings to Software in exchange for shares of common stock of Software. Immediately after these contributions, Merger Sub merged with and into Holdings with Holdings surviving the merger. Upon consummation of the merger, the remaining holders of outstanding common and incentive units of Holdings received shares of common stock of Software for their common and incentive units by operation of Delaware law and Holdings’ ownership interest in Software was cancelled. Outstanding common units, Series B Preferred Units and WCAS Holdings and CP IV Blocker were contributed to Software in exchange for, or converted into, 45,708,573 shares of common stock and 8,121,101 shares of restricted stock of Software. Following these transactions, all outstanding Series C Preferred Units were eliminated in an intercompany transaction between Holdings and WCAS Holdings, and we assumed the 14% Note due 2017 issued by WCAS Holdings (the “2017 Note”). Following the reorganization, Software became a holding company with its principal asset being the Series A Preferred Units of Holdings (collectively, the “2014 Reorganization”).
	Software’s acquisition of WCAS Holdings and Holdings in the 2014 Reorganization represented transactions under common control and were required to be retrospectively applied to the financial statements for all prior periods when the financial statements were issued for a period that included the date the transactions occurred. Therefore, our consolidated financial statements are presented as if WCAS Holdings and Holdings were wholly-owned subsidiaries in periods prior to the 2014 Reorganization. The acquisition of CP IV Blocker was not deemed to be a reorganization under common control and therefore our historical consolidated financial statements for periods prior to January 1, 2014 include the ownership of a minority equity interest in CP IV Blocker, which was eliminated upon the acquisition of CP IV Blocker on January 1, 2014.
	Our unaudited interim condensed consolidated financial statements include the financial results of Software, WCAS Holdings, CP IV Blocker and Holdings, effective January 1, 2014. Intercompany balances and transactions were eliminated in consolidation.
	Unless we state otherwise or the context otherwise requires, the terms “we,” “us,” “our” and the “Company” refer, prior to the 2014 Reorganization, to Holdings, Holdings’ consolidated subsidiaries and WCAS Holdings collectively, and after the 2014 Reorganization, to Software and its consolidated subsidiaries.
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial statements that permit reduced disclosure for interim periods. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments necessary to fairly present our condensed consolidated financial position as of September 30, 2014 and December 31, 2013, our condensed consolidated results of operations for the three and nine months ended September 30, 2014 and 2013 and our condensed consolidated cash flows for the nine months ended September 30, 2014 and 2013. Such adjustments are of a normal recurring nature. The information in this Quarterly Report on Form 10-Q should be read in conjunction with our final prospectus filed pursuant to Rule 424(b) (the “Prospectus”) with the SEC on April 15, 2014.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.
	Significant estimates include the useful life for long-lived and intangible assets, the life of our client relationships, the fair market value of our equity incentive awards and the fair value of our financial instruments. These estimates are based on historical experience where applicable and other assumptions that management believes are reasonable under the circumstances. As such, actual results could materially differ from these estimates.
Segment Information	'
	Segment Information
	We operate in a single operating segment and a single reporting segment and all required financial segment information is presented in the condensed consolidated financial statements.
Anti-Dilutive Securities	'
	Anti-Dilutive Securities
	We excluded 2,301,603 shares of restricted stock from the diluted earnings per share calculation for the three months ended September 30, 2013 because the shares were anti-dilutive.
Subsequent Events	'
	Subsequent Events
	We have evaluated subsequent events for recognition or disclosure in our condensed consolidated financial statements and determined that no subsequent events would require adjustment to the condensed consolidated financial statements or additional disclosure other than the information disclosed herein. See “Note 13-Subsequent Events.”
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	Software’s significant accounting policies are discussed in Note 2 to its audited consolidated financial statements for the fiscal year December 31, 2013 included in the Prospectus filed with the SEC on April 15, 2014, and have not changed.
Recently Issued and Adopted Accounting Pronouncements	'
	Recently Issued and Adopted Accounting Pronouncements
	In July 2013, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. We adopted this new guidance during the nine months ended September 30, 2014, which did not have a material impact on our condensed consolidated financial statements.
	In May 2014, the FASB issued authoritative guidance which included a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption is not permitted. Accordingly, the standard is effective for us on January 1, 2017. We are currently evaluating the impact that the standard will have on our condensed consolidated financial statements.
	In June 2014, the FASB issued authoritative guidance for share-based payments which requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Accordingly, the standard is effective for us on January 1, 2016. We do not anticipate that the adoption of this standard will have a material impact on our condensed consolidated financial statements.

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2014
Schedule of Property, Plant and Equipment and Accumulated Depreciation	'
	Property, plant and equipment and accumulated depreciation were as follows:
		September 30,			December 31,
		2014			2013
	Property, plant and equipment
	Buildings	$	28,154		$	14,828
	Software and capitalized software costs		7,635			5,578
	Computer equipment		6,613			4,832
	Rental clocks		6,111			4,865
	Furniture, fixtures and equipment		4,073			3,189
	Vehicles		421			421
	Leasehold improvements		159			135
			53,166			33,848
	Less: accumulated depreciation		(15,517	)		(11,540	)
			37,649			22,308
	Land		8,993			8,993
	Construction in process		—			7,370
	Property, plant and equipment, net	$	46,642		$	38,671

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2014
Components of Intangible Assets	'
	The components of intangible assets were as follows:
		September 30, 2014
		Weighted Avg.				Accumulated
		Remaining
		Useful Life		Gross		Amortization			Net
		(Years)
	Intangibles:
	Customer relationships		2.8	$	13,997	$	(10,147	)	$	3,850
	Trade name		7.8		3,194		(1,545	)		1,649
	Total			$	17,191	$	(11,692	)	$	5,499
		December 31, 2013
		Weighted Avg.				Accumulated
		Remaining
		Useful Life		Gross		Amortization			Net
		(Years)
	Intangibles:
	Customer relationships		3.5	$	13,997	$	(9,098	)	$	4,899
	Trade name		8.5		3,194		(1,384	)		1,810
	Total			$	17,191	$	(10,482	)	$	6,709
Schedule of Estimated Amortization Expense of Intangible Assets	'
	Estimated amortization expense as of September 30, 2014 for our existing intangible assets for the next five years and thereafter was as follows:
	Year Ending	Amortization
	December 31,	Expense
	2014	$	403
	2015		1,613
	2016		1,613
	2017		913
	2018		213
	Thereafter		744
		$	5,499

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Schedule of Long-Term Debt	'
	Our long-term debt consisted of the following:
			September 30,			December 31,
			2014			2013
	Term note to bank due December 15, 2018 (1)		$	—		$	11,963
	Construction note to bank (2)			—			9,127
	Term note to bank due June 1, 2021 (3)			27,186			—
	Note to related party due April 3, 2017 (4)			—			46,193
	Note to related party due April 3, 2022 (5)			—			18,807
	Less: Unamortized debt discounts			—			(4,125	)
	Total long-term debt (including current portion)			27,186			81,965
	Less: Current portion			(845	)		(9,545	)
	Total long-term debt, net		$	26,341		$	72,420
	-1	In March 2013, we entered into a construction loan agreement for the construction of a second building at our corporate headquarters with Kirkpatrick Bank due May 1, 2015, which allowed for a maximum principal amount of $12.3 million (the “2013 Construction Loan”). The 2013 Construction Loan was secured by a first mortgage covering the second headquarters building and a first lien security interest in certain personal property relating to the second headquarters building. Under the 2013 Construction Loan, interest accrued monthly at the Wall Street Journal U.S. Prime Rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum. Interest on the 2013 Construction Loan was payable monthly on the first day of each month. The 2013 Construction Loan, along with the 2011 Consolidated Loan, was converted into a term loan in July 2013 (the “2013 Term Loan”).
	In November 2013, we entered into a loan agreement for the purchase of approximately 18.3 acres for future expansion at our headquarters with Kirkpatrick Bank, which allowed for a maximum principal amount of $3.0 million (“2013 Land Loan”). Under the 2013 Land Loan, interest accrued monthly at the Wall Street Journal U.S. Prime Rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum.
	In December 2013, we consolidated the 2013 Term Loan and the 2013 Land Loan (“2013 Consolidated Loan”) under a modification agreement that increased the combined maximum principal amount of the 2013 Consolidated Loan to $14.6 million. The 2013 Consolidated Loan was secured by a first mortgage covering all of the second headquarters building and a first lien security interest in certain personal property relating to the second headquarters building. Under the 2013 Consolidated Loan, interest accrued monthly at the Wall Street Journal U.S. Prime rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum. In the second quarter of 2014, the 2013 Consolidated Loan was consolidated into the 2021 Consolidated Loan.
	The 2011 Consolidated Loan and the 2013 Consolidated Loan were subject to certain financial covenants, as defined in the applicable agreement, including maintaining a debt coverage ratio of EBITDA to indebtedness (defined as current maturities of long-term debt, interest expense and distributions) of greater than 1.5 to 1.0. As of December 31, 2013, we were not in compliance with the financial covenant related to the debt coverage ratio. We obtained a letter of waiver from the lender that excluded this item from the calculation as of December 31, 2013 and which remains in effect through April 30, 2015.
	-2	In December 2011, we consolidated pre-existing construction loans for the construction of a new corporate headquarters, processing center and gymnasium into a term note (the “2011 Consolidated Loan”). Under the 2011 Consolidated Loan, principal and interest were payable monthly based on a 20 year amortization rate of 5.0%. The 2011 Consolidated Loan was collateralized by a first mortgage covering our original corporate headquarters building and was secured by a first lien security interest in certain personal property relating to our original corporate headquarters building. In the second quarter of 2014, the 2011 Consolidated Loan was consolidated into the 2021 Consolidated Loan. See Note (3) below for the definition of, and more information about, the 2021 Consolidated Loan.
	-3	At September 30, 2014, our outstanding indebtedness consisted of a term note under a Loan Agreement (the “2021 Consolidated Loan”) with an outstanding principal balance of $27.2 million as of September 30, 2014. In June 2014, we consolidated outstanding amounts under the 2011 Consolidated Loan and 2013 Consolidated Loan into the 2021 Consolidated Loan under a modification agreement. The 2021 Consolidated Loan is due to Kirkpatrick Bank and matures on May 30, 2021. Under the 2021 Consolidated Loan, interest is payable monthly and accrues at a fixed rate of 4.75% per annum. The 2021 Consolidated Loan is secured by a mortgage covering our headquarters buildings and certain personal property relating to our headquarters buildings.
	The 2021 Consolidated Loan includes certain financial covenants, including maintaining a debt coverage ratio of EBITDA to indebtedness (defined as current maturities of long-term debt, interest expense and distributions), as defined in the applicable agreement, of greater than 1.5 to 1.0. We were in compliance with the financial covenant related to the debt coverage ratio as of September 30, 2014.
	-4	In April 2014, we paid off the balance of the 2017 Note that was issued by WCAS Holdings and was payable to Welsh, Carson, Anderson & Stowe X, L.P., a related party (“WCAS X”) with proceeds from our IPO. The 2017 Note accrued interest at a rate of 14% per annum. As of December 31, 2013, the outstanding principal balance of the 2017 Note was $46.2 million.
	-5	In April 2014, we paid off the balance of the 10% Senior Note due 2022 (the “2022 Note”) with WCAS Capital Partners IV, L.P., a related party (“WCAS CP IV”) with proceeds from our IPO and from existing cash. The 2022 Note accrued interest at a rate of 10% per annum. As of December 31, 2013, the outstanding principal amount of the 2022 Note was $18.8 million. The 2022 Note was issued at a discount of $2.4 million. The total unamortized discount related to this note was $4.1 million. As of December 31, 2013, in conjunction with the payoff of this note, we wrote off the remaining unamortized discount of $0.5 million.

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Summary of Fair Value of Financial Instruments Measured on Recurring Basis	'
	The following tables provide a summary of the fair value of financial instruments that are measured on a recurring basis using the above input categories as of December 31, 2013:
		December 31, 2013
		Level 1			Level 2			Level 3		Total
	Liabilities
	Derivative liability	$	—		$	—		$	1,107	$	1,107
		$	—		$	—		$	1,107	$	1,107
Schedule of Fair Value Inputs Liabilities Quantitative Information	'
	Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments were as follows as of December 31, 2013:
		December 31, 2013
		Valuation Technique			Key Inputs		Range
	Derivative Liability		Lattice Model		Probability of exit		90%
					Remaining term		0.8 years - 8.3 years
					Yield Volatility		21.4% - 31.1%
					Credit Spread		8.90%
					Risk-free rate		0.13% - 2.45%
Summary of Change in Fair Value of Level 3 Financial Instruments	'
	The following table summarizes the changes in fair value of our Level 3 financial instruments for the three and nine months ended September 30, 2014 and 2013:
		Three Months			Nine Months
		Ended September 30, 2014			Ended September 30, 2014
	Beginning Balance	$	—		$	1,107
	Issuances		—			—
	Change in fair value of derivative liability		—			(635	)
	Write-off to Other income (expense)		—			(472	)
	Ending Balance	$	—		$	—
		Three Months			Nine Months
		Ended September 30, 2013			Ended September 30, 2013
	Beginning Balance	$	1,766		$	1,767
	Issuances		—			—
	Change in fair value of derivative liability		(659	)		(660	)
	Ending Balance	$	1,107		$	1,107

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Computation of Basic and Diluted Net Income Per Share	'
	The following is a reconciliation of net income (loss) and the shares of common stock used in the computation of basic and diluted net earnings per share:
		Three Months Ended						Nine Months Ended
		September 30, 2014			September 30, 2013			September 30, 2014		September 30, 2013
	Numerator:
	Net income (loss)	$	2,690		$	(424	)	$	3,157	$	2,571
	Net income (loss) attributable to non-controlling interest		—			(3	)		—		19
	Net income (loss) attributable to the Company	$	2,690		$	(421	)	$	3,157	$	2,552
	Denominator:
	Weighted average shares outstanding		51,056,462			44,560,053			49,040,344		44,560,053
	Adjustment for vested restricted stock		—			1,147,749			—		838,880
	Shares for calculating basic EPS		51,056,462			45,707,802			49,040,344		45,398,933
	Weighted average shares outstanding		51,056,462			45,707,802			49,040,344		44,560,053
	Dilutive effect of unvested restricted stock		1,921,589			—			2,182,704		3,415,495
	Shares for calculating diluted EPS		52,978,051			45,707,802			51,223,048		47,975,548
	Net income (loss) per share:
	Basic	$	0.05		$	(0.01	)	$	0.06	$	0.06
	Diluted	$	0.05		$	(0.01	)	$	0.06	$	0.05
Pro Forma [Member]	'
Computation of Basic and Diluted Net Income Per Share	'
	The following is a reconciliation of pro forma net income for the three and nine months ended September 30, 2013 and the shares of stock used in the computation of pro forma basic and diluted net income per share:
		Three Months Ended			Nine Months Ended
		September 30, 2013			September 30, 2013
	Pro forma numerator:
	Net income (loss) attributable to the Company	$	(421	)	$	2,552
	Pro forma additional income tax expense (benefit) (Note 12)		(93	)		563
	Pro forma net income (loss) attributable to the Company (Note 12)	$	(328	)	$	1,989
	Pro forma denominator:
	Pro forma weighted average shares outstanding		44,560,053			44,560,053
	Adjustment for vested restricted stock		1,147,749			838,880
	Pro forma shares for calculating basic EPS		45,707,802			45,398,933
	Pro forma weighted average shares outstanding		45,707,802			44,560,053
	Effect of dilutive restricted stock		—			3,415,495
	Pro forma shares for calculating diluted EPS		45,707,802			47,975,548
	Pro forma net income per share:
	Basic	$	(0.01	)	$	0.04
	Diluted	$	(0.01	)	$	0.04

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2014
Schedule of Future Annual Minimum Lease Payments	'
	Future annual minimum lease payments under noncancellable operating leases with initial or remaining terms of one year or more at September 30, 2014 were as follows:
	Year Ending December 31,	Operating
	2014	$	927
	2015		3,811
	2016		3,542
	2017		3,181
	2018		2,622
	Thereafter		1,772
	Total minimum lease payments	$	15,855

Consolidation_and_Basis_of_Pre2

Consolidation and Basis of Presentation - Additional Information (Detail)	0 Months Ended	3 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
14% Note due 2017 [Member]	'	'
Organization Consolidation And Presentation Of Financial Statements [Line Items]	'	'
Debt instrument, interest rate	14.00%	'
Restricted Stock [Member]	'	'
Organization Consolidation And Presentation Of Financial Statements [Line Items]	'	'
Conversion of units to shares	8,121,101	'
Anti-dilutive securities excluded from dilutive earning per share calculation	'	2,301,603
Common Stock [Member]	'	'
Organization Consolidation And Presentation Of Financial Statements [Line Items]	'	'
Conversion of units to shares	45,708,573	'

Property_Plant_and_Equipment_S

Property, Plant and Equipment - Schedule of Property, Plant and Equipment and Accumulated Depreciation (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment, gross	$53,166	$33,848
Less: accumulated depreciation	15,517	11,540
Property, plant and equipment, net	46,642	38,671
Buildings [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment, gross	28,154	14,828
Software and Capitalized Software Costs [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment, gross	7,635	5,578
Computer Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment, gross	6,613	4,832
Rental Clocks [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment, gross	6,111	4,865
Furniture, Fixtures and Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment, gross	4,073	3,189
Vehicles [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment, gross	421	421
Leasehold Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property plant and equipment, gross	159	135
Excluded Land and Construction in Process [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, net	37,649	22,308
Land [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, net	8,993	8,993
Construction in Process [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, net	'	$7,370

Property_Plant_and_Equipment_A

Property, Plant and Equipment - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'
Interest cost paid	$0.30	$0.20	$0.90	$0.60
Interest cost capitalized	0	'	0.4	'
Maximum [Member]	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'
Interest cost capitalized	'	0.1	'	0.1
Property, Plant and Equipment [Member]	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'
Depreciation	$1.40	$1	$4	$2.80

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets, Net - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'	'	'	'	'
Goodwill	$51,889,000	'	'	$51,889,000	'	$51,889,000
Goodwill, Impairment Loss	'	'	0	'	'	0
Weighted average remaining useful life	'	'	'	'4 years 3 months 18 days	'	'
Amortization of intangible assets	$400,000	$400,000	'	$1,200,000	$1,200,000	'

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets, Net - Components of Intangible Assets (Detail) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'
Weighted average remaining useful life	'4 years 3 months 18 days	'
Gross	$17,191	$17,191
Accumulated amortization	-11,692	-10,482
Net	5,499	6,709
Customer Relationships [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Weighted average remaining useful life	'2 years 9 months 18 days	'3 years 6 months
Gross	13,997	13,997
Accumulated amortization	-10,147	-9,098
Net	3,850	4,899
Trade Name [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Weighted average remaining useful life	'7 years 9 months 18 days	'8 years 6 months
Gross	3,194	3,194
Accumulated amortization	-1,545	-1,384
Net	$1,649	$1,810

Goodwill_and_Intangible_Assets4

Goodwill and Intangible Assets, Net - Schedule of Estimated Amortization Expense of Intangible Assets (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets [Line Items]	'	'
2014	$403	'
2015	1,613	'
2016	1,613	'
2017	913	'
2018	213	'
Thereafter	744	'
Net	$5,499	$6,709

Funds_Held_for_Clients_and_Cli1

Funds Held for Clients and Client Funds Obligation - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2014
Accounts Payable And Accrued Expenses [Line Items]	'
Maximum holding period for funds collected from clients	'120 days
Minimum [Member]	'
Accounts Payable And Accrued Expenses [Line Items]	'
Disbursement period of funds collected from clients	'1 day
Maximum [Member]	'
Accounts Payable And Accrued Expenses [Line Items]	'
Disbursement period of funds collected from clients	'30 days

LongTerm_Debt_Schedule_of_Long

Long-Term Debt - Schedule of Long-Term Debt (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified			2017 Related Party Note [Member]	2022 Note [Member]	2013 Consolidated Loan [Member]	2013 Construction Loan [Member]	2021 Consolidated Loan [Member]	Maximum [Member]	Maximum [Member]	Minimum [Member]	Minimum [Member]
									2021 Consolidated Loan [Member]		2021 Consolidated Loan [Member]
Schedule of Capitalization, Long-term Debt [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Construction loan	'	'	'	'	$11,963	$9,127	$27,186	'	'	'	'
Related party note	'	'	46,193	18,807	'	'	'	'	'	'	'
Less: Unamortized debt discounts	'	-4,125	'	-2,400	'	'	'	'	'	'	'
Total long-term debt (including current portion)	27,186	81,965	'	18,800	'	'	27,200	'	'	'	'
Less: Current portion	-845	-9,545	'	'	'	'	'	'	'	'	'
Total long-term debt, net	$26,341	$72,420	'	'	'	'	'	'	'	'	'
Debt coverage ratio of indebtedness	'	'	'	'	'	'	'	1.5	1.5	1	1

LongTerm_Debt_Schedule_of_Long1

Long-Term Debt - Schedule of Long-Term Debt (Parenthetical) (Detail) (USD $)	0 Months Ended	9 Months Ended
	Dec. 31, 2013	Sep. 30, 2014
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt instrument, restrictive covenants	'	'Maintaining a debt coverage ratio of EBITDA to indebtedness (defined as current maturities of long-term debt, interest expense and distributions) of greater than 1.5 to 1.0.
Carrying value, long term debt	$81,965,000	$27,186,000
Notes issued at discount	4,125,000	'
14% Note due 2017 [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt instrument, interest rate	14.00%	'
Carrying value, long term debt	46,200,000	'
2022 Note [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt instrument maturity date	'	3-Apr-22
Debt instrument, interest rate	10.00%	'
Carrying value, long term debt	18,800,000	'
Notes issued at discount	2,400,000	'
Remaining unamortized discount	500,000	'
Total unamortized discount	4,100,000	'
2013 Consolidated Loan [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt instrument maturity date	'	15-Dec-18
Construction loan	11,963,000	'
Long-term debt	14,600,000	'
Debt Instrument, Interest Rate Terms	'	'U.S. Prime rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum.
Debt instrument, basis spread on variable rate	0.50%	'
Debt instrument, interest rate, stated percentage rate range, minimum	4.00%	'
2013 Construction Loan [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Construction loan	9,127,000	'
Long-term debt	12,300,000	'
Debt Instrument, Interest Rate Terms	'	'U.S. Prime Rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum.
Debt instrument, basis spread on variable rate	0.50%	'
Debt instrument, interest rate, stated percentage rate range, minimum	4.00%	'
2021 Consolidated Loan [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt instrument maturity date	'	1-Jun-21
Construction loan	'	27,186,000
Debt instrument, restrictive covenants	'	'Maintaining a debt coverage ratio of EBITDA to indebtedness (defined as current maturities of long-term debt, interest expense and distributions), as defined in the applicable agreement, of greater than 1.5 to 1.0.
Debt instrument, interest rate	'	4.75%
Carrying value, long term debt	'	27,200,000
Two Thousand and Eleven Consolidated Loan [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt instrument, amortization period	'	'20 years
Debt instrument, interest rate	'	5.00%
2017 Related Party Note [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt instrument maturity date	'	3-Apr-17
2013 Land Loan [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Construction loan	$3,000,000	'
Debt Instrument, Interest Rate Terms	'	'U.S. Prime Rate plus 0.5%, adjusted monthly, subject to a minimum interest rate of 4.0% per annum.
Debt instrument, basis spread on variable rate	0.50%	'
Debt instrument, interest rate, stated percentage rate range, minimum	4.00%	'
Land purchased	18.3	'
Maximum [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt coverage ratio of indebtedness	'	1.5
Maximum [Member] | 2021 Consolidated Loan [Member]	'	'
Schedule of Capitalization, Long-term Debt [Line Items]	'	'
Debt coverage ratio of indebtedness	'	1.5

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Schedule Of Long Term Debt [Line Items]	'	'
Carrying value, long term debt	$27,186,000	$81,965,000
Fair value of long term debt including current maturities	$27,200,000	$84,900,000

Employee_Savings_Plan_Addition

Employee Savings Plan - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Contribution Plan Disclosure [Line Items]	'	'	'	'
401(k) eligibility minimum service period	'	'	'90 days	'
401(k) description of plan contributions	'	'	'Contribution equal to 100% of the first 1% of salary deferrals and 50% of salary deferrals between 2% and 6%, up to a maximum matching contribution of 3.5% of salary each plan year for our employees.	'
Employee vested percentage in salary deferrals and roll over contributions	'	'	100.00%	'
Minimum period for vesting 100% contributions	'	'	'2 years	'
Discretionary contributions vested period	'	'	'6 years	'
Matching contribution amount	$0.40	$0.30	$1.30	$0.90
One Hundred Percent Match For Percent Of Participants Contribution [Member]	'	'	'	'
Defined Contribution Plan Disclosure [Line Items]	'	'	'	'
Employer contribution percentage	'	'	100.00%	'
Percentage of salary deferrals	'	'	1.00%	'
50% Matching Contribution [Member]	'	'	'	'
Defined Contribution Plan Disclosure [Line Items]	'	'	'	'
Employer contribution percentage	'	'	50.00%	'
Two Years of Service [Member]	'	'	'	'
Defined Contribution Plan Disclosure [Line Items]	'	'	'	'
Matching contributions, vesting percentage	'	'	100.00%	'
Minimum [Member]	'	'	'	'
Defined Contribution Plan Disclosure [Line Items]	'	'	'	'
401(k) eligible age of employee	'	'	'21 years	'
Minimum [Member] | 50% Matching Contribution [Member]	'	'	'	'
Defined Contribution Plan Disclosure [Line Items]	'	'	'	'
Percentage of salary deferrals	'	'	2.00%	'
Maximum [Member]	'	'	'	'
Defined Contribution Plan Disclosure [Line Items]	'	'	'	'
Percentage of salary deferrals	'	'	3.50%	'
Maximum [Member] | 50% Matching Contribution [Member]	'	'	'	'
Defined Contribution Plan Disclosure [Line Items]	'	'	'	'
Percentage of salary deferrals	'	'	6.00%	'

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Summary of Fair Value of Financial Instruments Measured on Recurring Basis (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]	'
Liabilities	$1,107
Derivative liability [Member]	'
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]	'
Liabilities	1,107
Level 1 [Member]	'
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]	'
Liabilities	'
Level 1 [Member] | Derivative liability [Member]	'
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]	'
Liabilities	'
Level 2 [Member]	'
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]	'
Liabilities	'
Level 2 [Member] | Derivative liability [Member]	'
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]	'
Liabilities	'
Level 3 [Member]	'
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]	'
Liabilities	1,107
Level 3 [Member] | Derivative liability [Member]	'
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]	'
Liabilities	$1,107

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments - Schedule of Fair Value Inputs Liabilities Quantitative Information (Detail) (Derivative liability [Member], Lattice Model [Member])	12 Months Ended
	Dec. 31, 2013
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]	'
Probability of exit	90.00%
Credit Spread	8.90%
Minimum [Member]	'
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]	'
Remaining term	'9 months 18 days
Yield Volatility	21.40%
Risk-free rate	0.13%
Maximum [Member]	'
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]	'
Remaining term	'8 years 3 months 18 days
Yield Volatility	31.10%
Risk-free rate	2.45%

Fair_Value_of_Financial_Instru4

Fair Value of Financial Instruments - Summary of Change in Fair Value of Level 3 Financial Instruments (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'	'	'
Beginning Balance	'	$1,766	$1,107	$1,767
Issuances	'	'	'	'
Change in fair value of derivative liability	'	-659	-635	-660
Write-off to Other income (expense)	'	'	-472	'
Ending Balance	'	$1,107	'	$1,107

Fair_Value_of_Financial_Instru5

Fair Value of Financial Instruments - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fair Value Disclosures [Line Items]	'	'	'	'
Change in fair value of derivative liability recognized as other income (expenses), net	$0	($0.70)	($1.10)	($0.70)

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail)	0 Months Ended	3 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Restricted Stock [Member]	'	'
Earnings Per Share [Line Items]	'	'
Conversion of units to shares	8,121,101	'
Anti-dilutive securities excluded from dilutive earning per share calculation	'	2,301,603
Common Stock [Member]	'	'
Earnings Per Share [Line Items]	'	'
Conversion of units to shares	45,708,573	'

Earnings_Per_Share_Computation

Earnings Per Share - Computation of Basic and Diluted Net Income Per Share (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator:	'	'	'	'
Net income (loss)	$2,690	($424)	$3,157	$2,571
Net income (loss) attributable to non-controlling interest	'	-3	'	19
Net income (loss) attributable to the Company	$2,690	($421)	$3,157	$2,552
Denominator:	'	'	'	'
Weighted average shares outstanding	51,056,462	45,707,802	49,040,344	44,560,053
Adjustment for vested restricted stock	'	1,147,749	'	838,880
Shares for calculating basic EPS	51,056,462	45,707,802	49,040,344	45,398,933
Weighted average shares outstanding	51,056,462	45,707,802	49,040,344	44,560,053
Dilutive effect of unvested restricted stock	1,921,589	'	2,182,704	3,415,495
Shares for calculating diluted EPS	52,978,051	45,707,802	51,223,048	47,975,548
Net income (loss) per share:	'	'	'	'
Basic	$0.05	($0.01)	$0.06	$0.06
Diluted	$0.05	($0.01)	$0.06	$0.05

Earnings_Per_Share_Computation1

Earnings Per Share - Computation of Pro Forma Basic and Diluted Net Income Per Share (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pro forma numerator:	'	'	'	'
Net income (loss) attributable to the Company	$2,690	($421)	$3,157	$2,552
Pro forma additional income tax expense (benefit)	'	-93	'	563
Pro forma net income (loss) attributable to the Company	$2,690	($328)	$3,157	$1,989
Pro forma denominator:	'	'	'	'
Pro forma weighted average shares outstanding	51,056,462	45,707,802	49,040,344	44,560,053
Adjustment for vested restricted stock	'	1,147,749	'	838,880
Pro forma shares for calculating basic EPS	51,056,462	45,707,802	49,040,344	45,398,933
Pro forma weighted average shares outstanding	51,056,462	45,707,802	49,040,344	44,560,053
Effect of dilutive restricted stock	1,921,589	'	2,182,704	3,415,495
Pro forma shares for calculating diluted EPS	52,978,051	45,707,802	51,223,048	47,975,548
Pro forma net income per share:	'	'	'	'
Basic	$0.05	($0.01)	$0.06	$0.04
Diluted	$0.05	($0.01)	$0.06	$0.04

Stockholders_Equity_and_Incent1

Stockholders' Equity and Incentive Compensation - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended	0 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Apr. 21, 2014	Dec. 31, 2013	Sep. 30, 2014
			Series A Preferred Stock [Member]	Common Stock [Member]	Restricted Stock [Member]	Restricted Stock [Member]	Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'
Percentage of preferred yield entitled	'	'	9.00%	'	'	'	'
Conversion of units to shares	'	'	'	45,708,573	'	8,121,101	'
Reclassification adjustment recorded of deficit to additional paid in capital	$29.60	'	'	'	'	'	'
Total unrecognized compensation cost related to unvested restricted stock	'	'	'	'	'	$1.30	$1
Unrecognized compensation expected to be recognized	'	'2 years 10 months 24 days	'	'	'	'	'
Number of restricted stock converted into common stock	'	'	'	'	217,378	'	'

RelatedParty_Transactions_Addi

Related-Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Former Employee [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Number of incentive units purchased	'	'	2,605	'
Purchase price per incentive unit	'	'	$260.21	'
Incentive units purchased	'	'	$700,000	'
Chief Sales Officer [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
General partnership ownership interest in related party, percentage	0.01%	'	0.01%	'
Limited partnership interest in related party, percentage	10.49%	'	10.49%	'
Chief Sales Officer [Member] | Minimum [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Payments for rent	100,000	100,000	'	'
Chief Sales Officer [Member] | Maximum [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Payments for rent	'	'	200,000	200,000
Advantage [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Administrative expenses	$31,000	$3,000	$39,000	$8,000

Commitments_and_Contingencies_1

Commitments and Contingencies - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		1 Months Ended			1 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2010	Sep. 30, 2014	Dec. 31, 2013	Mar. 31, 2010
					Oklahoma City Economic Development Trust [Member]	Oklahoma City Economic Development Trust [Member]	Oklahoma City Economic Development Trust [Member]	Oklahoma City Economic Development Trust [Member]
								Minimum [Member]
								Job
Other Commitments [Line Items]	'	'	'	'	'	'	'	'
Up-front job creation payment from Trust	'	'	'	'	$2,000,000	'	'	'
Number of jobs created within a 5 year period	'	'	'	'	'	'	'	492
Average first year wage	'	'	'	'	'	'	'	37,000
Term of agreement	'	'	'	'	'5 years	'	'	'
Capital investment in the project	'	'	'	'	'	'	'	15,000,000
Earned job creation payments	'	'	'	'	'	1,900,000	1,500,000	'
Operating lease expiration period	'	'	'2014 to 2019	'	'	'	'	'
Operating lease rent expense	$1,000,000	$500,000	$2,400,000	$1,400,000	'	'	'	'

Commitments_and_Contingencies_2

Commitments and Contingencies - Schedule of Future Annual Minimum Lease Payments (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Operating Leased Assets [Line Items]	'
2014	$927
2015	3,811
2016	3,542
2017	3,181
2018	2,622
Thereafter	1,772
Total minimum lease payments	$15,855

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax [Line Items]	'	'	'	'
Effective tax rate	38.57%	31.94%	39.11%	32.02%
Deferred tax liability charged on equity	$200,000	'	$200,000	'
Pro forma effective income tax rate	'	'	'	46.90%
Income tax expense (benefit)	'	($93,000)	'	$563,000