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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 73,027 $ 67,904
Accounts receivable, net of allowance for expected credit losses of $796 and $628 as of September 30, 2020 and December 31, 2019, respectively 54,141 84,605
Deferred commissions 14,408 20,326
Prepaid expenses and other current assets 16,041 19,201
Total current assets 157,617 192,036
Property and equipment, net 28,531 29,937
Operating lease right-of-use assets 73,211 69,100
Goodwill 244,990 243,895
Intangible assets, net 83,386 97,363
Other assets 5,040 6,829
Total assets 592,775 639,160
Current Liabilities:    
Accounts payable 1,707 505
Accrued expenses and other current liabilities 54,802 79,857
Current portion of long-term debt 11,719 9,375
Deferred revenue 155,418 179,194
Total current liabilities 223,646 268,931
Long-term debt, net of deferred financing fees 98,268 121,170
Non-current operating lease liabilities 72,940 67,062
Other non-current liabilities 23,213 23,909
Total liabilities 418,067 481,072
Commitments and contingencies
Stockholders' Equity (Note 12):    
Preferred stock, $0.01 par value Authorized - 500 shares; issued and outstanding - none
Common stock, $0.01 par value Authorized - 125,000 shares Issued – 23,579 and 23,275 shares as of September 30, 2020 and December 31, 2019, respectively Outstanding – 18,948 and 18,644 shares as of September 30, 2020 and December 31, 2019, respectively 236 233
Additional paid-in capital 225,053 216,454
Retained earnings 125,554 118,147
Treasury stock - 4,631 shares as of September 30, 2020 and December 31, 2019 (171,889) (171,889)
Accumulated other comprehensive loss (4,246) (4,857)
Total stockholders’ equity 174,708 158,088
Total liabilities and stockholders’ equity $ 592,775 $ 639,160