Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 184,309 $ 197,154
Restricted cash 241,310 243,323
Accounts receivable, less allowances of $10,622 and $10,271 at March 31, 2020 and December 31, 2019, respectively 131,613 143,127
Prepaid expenses 26,886 24,539
Other current assets 27,519 27,387
Total current assets 611,637 635,530
Property, equipment, and software, net 165,957 163,282
Right-of-use assets 118,741 121,941
Goodwill 1,663,142 1,611,749
Intangible assets, net 369,942 372,996
Deferred tax assets, net 34,249 33,812
Other assets 28,819 30,507
Total assets 2,992,487 2,969,817
Current liabilities:    
Accounts payable 40,210 40,092
Accrued expenses and other current liabilities 87,337 89,038
Current portion of deferred revenue 137,904 134,148
Current portion of term loans 22,500 18,750
Customer deposits held in restricted accounts 241,759 243,316
Total current liabilities 529,710 525,344
Deferred revenue 4,490 4,793
Revolving facility 230,000 230,000
Term loans, net 567,942 575,313
Convertible notes, net 308,389 305,188
Lease liabilities, net of current portion 131,099 133,313
Other long-term liabilities 30,014 22,940
Total liabilities 1,801,644 1,796,891
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized and zero shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Common stock, $0.001 par value: 250,000,000 shares authorized, 96,288,420 and 96,100,296 shares issued and 96,277,515 and 94,744,157 shares outstanding at March 31, 2020 and December 31, 2019, respectively 96 96
Additional paid-in capital 1,199,209 1,222,356
Treasury stock, at cost: 10,905 and 1,356,139 shares at March 31, 2020 and December 31, 2019, respectively (104) (39,483)
Accumulated deficit (2,090) (7,695)
Accumulated other comprehensive loss (6,268) (2,348)
Total stockholders’ equity 1,190,843 1,172,926
Total liabilities and stockholders’ equity $ 2,992,487 $ 2,969,817