XML 17 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,739 $ 14,603
Accounts receivable, net of allowance for doubtful accounts of $1,689 and $1,487, respectively 20,251 17,794
Contract assets 8,474 0
Prepaid expenses and other assets 9,689 8,673
Total current assets 53,153 41,070
Property and equipment, net 452,958 458,565
Intangible assets, net 77,112 25,666
Goodwill 116,705 50,209
Non-current contract assets 12,760 0
Deposits and other assets 12,019 11,015
Total assets 724,707 586,525
Current liabilities:    
Accounts payable 29,806 20,388
Accrued liabilities 17,059 15,908
Deferred revenues 5,837 4,861
Capital lease obligations 10,246 11,711
Revolving credit facility 16,000 5,000
Term loan, less discount and prepaid costs of $3,995 and $2,133, respectively 362 867
Exit activities and restructuring liability 2,968 4,152
Other current liabilities 4,050 1,707
Total current liabilities 86,328 64,594
Capital lease obligations 220,721 223,749
Term loan, less discount and prepaid costs of $11,546 and $7,655, respectively 415,418 287,845
Exit activities and restructuring liability 284 664
Deferred rent 907 1,310
Deferred tax liability 1,928 1,651
Other long-term liabilities 4,142 7,744
Total liabilities 729,728 587,557
Commitments and contingencies (Refer to Note 9)
Stockholders’ deficit:    
Preferred stock, $0.001 par value; 5,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.001 par value; 30,000 shares authorized; 21,256 and 20,804 shares outstanding, respectively 21 21
Additional paid-in capital 1,329,368 1,327,084
Treasury stock, at cost, 328 and 293 shares, respectively (7,630) (7,159)
Accumulated deficit (1,328,502) (1,323,723)
Accumulated items of other comprehensive loss (1,202) (1,324)
Total INAP stockholders’ deficit (7,945) (5,101)
Non-controlling interests 2,924 4,069
Total stockholders’ deficit (5,021) (1,032)
Total liabilities and stockholders’ deficit $ 724,707 $ 586,525