XML 14 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 8,051 $ 15,577
Receivables, less allowance for doubtful accounts of $56,805 and $59,689 as of March 31, 2016 and December 31, 2015, respectively 101,770 97,353
Inventory 29,116 42,983
Prepaid expenses and other current assets 19,908 27,772
Total current assets 158,845 183,685
Property and equipment, net 30,484 31,939
Goodwill 308,729 308,729
Intangible assets, net 4,306 5,128
Other non-current assets 1,130 1,161
Total assets 503,494 530,642
Current liabilities    
Current portion of long-term debt 32,201 24,380
Accounts payable 53,082 65,077
Amounts due to plan sponsors 3,812 3,491
Accrued interest 2,268 6,898
Accrued expenses and other current liabilities 44,329 52,918
Total current liabilities 135,692 152,764
Long-term debt, net of current portion 391,729 393,741
Deferred taxes 410 236
Other non-current liabilities 2,099 1,861
Total liabilities 529,930 548,602
Series A convertible preferred stock, $.0001 par value; 825,000 shares authorized; 635,822 shares issued and outstanding as of March 31, 2016 and December 31, 2015; and, $71,701 and $69,702 liquidation preference as of March 31, 2016 and December 31, 2015, respectively 65,088 62,918
Stockholders’ deficit    
Preferred stock, $.0001 par value; 4,175,000 shares authorized; no shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively 0 0
Common stock, $.0001 par value; 125,000,000 shares authorized; 71,441,664 and 71,421,664 shares issued and 68,780,241 and 68,767,613 shares outstanding as of March 31, 2016 and December 31, 2015, respectively 8 8
Treasury stock, 2,661,423 and 2,654,051 shares, at cost, as of March 31, 2016 and December 31, 2015, respectively (10,754) (10,737)
Additional paid-in capital 530,671 531,764
Accumulated deficit (611,449) (601,913)
Total stockholders’ deficit (91,524) (80,878)
Total liabilities and stockholders’ deficit $ 503,494 $ 530,642