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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 11,844 $ 14,603
Accounts receivable, net of allowance for doubtful accounts of $1,418 and $1,487, respectively 22,999 17,794
Contract assets 8,026 0
Prepaid expenses and other assets 9,497 8,673
Total current assets 52,366 41,070
Property and equipment, net 477,423 458,565
Intangible assets, net 74,738 25,666
Goodwill 116,705 50,209
Non-current contract assets 12,756 0
Deposits and other assets 12,050 11,015
Total assets 746,038 586,525
Current liabilities:    
Accounts payable 32,243 20,388
Accrued liabilities 17,866 15,908
Deferred revenues 4,696 4,861
Capital lease obligations 9,399 11,711
Revolving credit facility 18,500 5,000
Term loan, less discount and prepaid costs of $3,912 and $2,133, respectively 444 867
Exit activities and restructuring liability 3,255 4,152
Other current liabilities 3,637 1,707
Total current liabilities 90,040 64,594
Capital lease obligations 252,599 223,749
Term loan, less discount and prepaid costs of $10,625 and $7,655, respectively 415,251 287,845
Exit activities and restructuring liability 162 664
Deferred rent 940 1,310
Deferred tax liability 1,952 1,651
Other long-term liabilities 4,060 7,744
Total liabilities 765,004 587,557
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; 50,000 shares authorized; 21,302 and 20,804 shares issued and outstanding, respectively 21 21
Additional paid-in capital 1,330,751 1,327,084
Treasury stock, at cost, 329 and 293, respectively (7,645) (7,159)
Accumulated deficit (1,343,609) (1,323,723)
Accumulated items of other comprehensive loss (1,300) (1,324)
Total INAP stockholders’ deficit (21,782) (5,101)
Non-controlling interests 2,816 4,069
Total stockholders’ deficit (18,966) (1,032)
Total liabilities and stockholders’ deficit $ 746,038 $ 586,525