Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 101,646 $ 69,343
Restricted cash 112,478 96,002
Accounts receivable, less allowance for doubtful accounts of $7,821 and $3,951 at March 31, 2018 and December 31, 2017, respectively 101,005 124,505
Prepaid expenses 15,400 12,107
Other current assets 9,838 6,622
Total current assets 340,367 308,579
Property, equipment, and software, net 145,522 148,428
Goodwill 751,017 751,052
Identified intangible assets, net 238,704 252,337
Deferred tax assets, net 45,205 44,887
Other assets 19,533 11,010
Total assets 1,540,348 1,516,293
Current liabilities:    
Accounts payable 29,020 26,733
Accrued expenses and other current liabilities 76,284 79,379
Current portion of deferred revenue 109,965 116,622
Current portion of term loans 16,133 14,116
Customer deposits held in restricted accounts 112,334 96,057
Total current liabilities 343,736 332,907
Deferred revenue 5,457 5,538
Revolving facility 50,000 50,000
Term loans, net 299,343 303,261
Convertible notes, net 284,046 281,199
Other long-term liabilities 35,739 41,513
Total liabilities 1,018,321 1,014,418
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized and zero shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 0 0
Common stock, $0.001 par value: 125,000,000 shares authorized, 87,160,085 and 87,153,085 shares issued and 84,507,545 and 83,180,401 shares outstanding at March 31, 2018 and December 31, 2017, respectively 87 87
Additional paid-in capital 651,996 637,851
Treasury stock, at cost: 2,652,540 and 3,972,684 shares at March 31, 2018 and December 31, 2017, respectively (68,407) (61,260)
Accumulated deficit (61,924) (75,046)
Accumulated other comprehensive income 275 243
Total stockholders’ equity 522,027 501,875
Total liabilities and stockholders’ equity $ 1,540,348 $ 1,516,293