Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 373,174 $ 69,343
Restricted cash 102,518 96,002
Accounts receivable, less allowance for doubtful accounts of $8,442 and $3,951 at June 30, 2018 and December 31, 2017, respectively 112,484 124,505
Prepaid expenses 15,493 12,107
Other current assets 15,812 6,622
Total current assets 619,481 308,579
Property, equipment, and software, net 145,340 148,428
Goodwill 918,785 751,052
Identified intangible assets, net 276,983 252,337
Deferred tax assets, net 42,607 44,887
Other assets 20,710 11,010
Total assets 2,023,906 1,516,293
Current liabilities:    
Accounts payable 28,394 26,733
Accrued expenses and other current liabilities 97,484 79,379
Current portion of deferred revenue 111,238 116,622
Current portion of term loans 16,133 14,116
Convertible notes, net 286,908 0
Customer deposits held in restricted accounts 102,512 96,057
Total current liabilities 642,669 332,907
Deferred revenue 5,181 5,538
Revolving facility 0 50,000
Term loans, net 295,382 303,261
Convertible notes, net 0 281,199
Other long-term liabilities 41,299 41,513
Total liabilities 984,531 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 June 30, 2018 and December 31, 2017, respectively 0 0
Common stock, $0.001 par value: 250,000,000 and 125,000,000 shares authorized, 96,485,983 and 87,153,085 shares issued and 93,959,957 and 83,180,401 shares outstanding at June 30, 2018 and December 31, 2017, respectively 96 87
Additional paid-in capital 1,159,831 637,851
Treasury stock, at cost: 2,526,026 and 3,972,684 shares at June 30, 2018 and December 31, 2017, respectively (67,360) (61,260)
Accumulated deficit (53,445) (75,046)
Accumulated other comprehensive income 253 243
Total stockholders’ equity 1,039,375 501,875
Total liabilities and stockholders’ equity $ 2,023,906 $ 1,516,293