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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 51,425 $ 15,577
Receivables, less allowance for doubtful accounts of $51,314 and $59,689 as of June 30, 2016 and December 31, 2015, respectively 98,634 97,353
Inventory 32,446 42,983
Prepaid expenses and other current assets 16,509 27,772
Total current assets 199,014 183,685
Property and equipment, net 30,789 31,939
Goodwill 308,729 308,729
Intangible assets, net 3,512 5,128
Other non-current assets 1,203 1,161
Total assets 543,247 530,642
Current liabilities    
Current portion of long-term debt 9,357 24,380
Accounts payable 48,887 65,077
Amounts due to plan sponsors 3,553 3,491
Accrued interest 6,706 6,898
Accrued expenses and other current liabilities 33,158 52,918
Total current liabilities 101,661 152,764
Long-term debt, net of current portion 390,102 393,741
Deferred taxes 589 236
Other non-current liabilities 1,655 1,861
Total liabilities 494,007 548,602
Stockholders’ deficit    
Preferred stock, $.0001 par value; 4,175,000 shares authorized; no shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 0 0
Common stock, $.0001 par value; 125,000,000 shares authorized; 116,641,664 and 71,421,664 shares issued and 113,880,241 and 68,767,613 shares outstanding as of June 30, 2016 and December 31, 2015, respectively 12 8
Treasury stock, 2,761,423 and 2,654,051 shares, at cost, as of June 30, 2016 and December 31, 2015, respectively (11,009) (10,737)
Additional paid-in capital 612,603 531,764
Accumulated deficit (619,683) (601,913)
Total stockholders’ deficit (18,077) (80,878)
Total liabilities and stockholders’ deficit 543,247 530,642
Series A Preferred Stock    
Current liabilities    
Series A convertible preferred stock, $.0001 par value; 825,000 shares authorized; 21,645 and 635,822 shares outstanding as of June 30, 2016 and December 31, 2015, respectively; and, $2,459 and $69,702 liquidation preference as of June 30, 2016 and December 31, 2015, respectively 2,292 62,918
Series C convertible preferred stock, $.0001 par value; 625,000 shares authorized; 614,177 shares issued and outstanding as of June 30, 2016; and $71,298 liquidation preference as of June 30, 2016 2,292 62,918
Series C Preferred Stock    
Current liabilities    
Series A convertible preferred stock, $.0001 par value; 825,000 shares authorized; 21,645 and 635,822 shares outstanding as of June 30, 2016 and December 31, 2015, respectively; and, $2,459 and $69,702 liquidation preference as of June 30, 2016 and December 31, 2015, respectively 65,025 0
Series C convertible preferred stock, $.0001 par value; 625,000 shares authorized; 614,177 shares issued and outstanding as of June 30, 2016; and $71,298 liquidation preference as of June 30, 2016 $ 65,025 $ 0