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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 14,603 $ 10,389
Accounts receivable, net of allowance for doubtful accounts of $1,487 and $1,246, respectively 17,794 18,044
Prepaid expenses and other assets 8,673 10,055
Total current assets 41,070 38,488
Property and equipment, net 458,565 302,680
Investment in joint venture 0 3,002
Intangible assets, net 25,666 27,978
Goodwill 50,209 50,209
Deposits and other assets 11,015 8,258
Total assets 586,525 430,615
Current liabilities:    
Accounts payable 20,388 20,875
Accrued liabilities 15,908 10,603
Deferred revenues 4,861 5,746
Capital lease obligations 11,711 10,030
Revolving credit facility 5,000 0
Term loan, less discount and prepaid costs of $2,133 and $2,243, respectively 867 757
Exit activities and restructuring liability 4,152 3,177
Other current liabilities 1,707 3,171
Total current liabilities 64,594 54,359
Deferred revenues 4,761 5,144
Capital lease obligations 223,749 43,876
Revolving credit facility 0 35,500
Term loan, less discount and prepaid costs of $7,655 and $4,579, respectively 287,845 283,421
Exit activities and restructuring liability 664 1,526
Deferred rent 1,310 4,642
Deferred tax liability 1,651 1,513
Other long-term liabilities 2,983 4,358
Total liabilities 587,557 434,339
Commitments and contingencies (note 10)
Stockholders’ deficit:    
Preferred stock, $0.001 par value; 5,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 30,000 shares authorized; 20,804 and 14,450 shares outstanding, respectively 21 14
Additional paid-in capital 1,327,084 1,283,376
Treasury stock, at cost, 293 and 268 shares, respectively (7,159) (6,923)
Accumulated deficit (1,323,723) (1,278,699)
Accumulated items of other comprehensive loss (1,324) (1,492)
Total INAP stockholders’ deficit (5,101) (3,724)
Non-controlling interest 4,069 0
Total stockholder's deficit (1,032) (3,724)
Total liabilities and stockholders’ deficit $ 586,525 $ 430,615