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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 10,895 $ 17,823
Accounts receivable, net of allowance for doubtful accounts of $1,077 and $1,547, respectively 17,948 20,054
Contract assets 9,202 8,844
Term loan, less discount and issuance costs of $4,909 552 0
Prepaid expenses and other assets 7,572 7,377
Total current assets 46,169 54,098
Property and equipment, net 216,548 478,061
Operating lease right-of-use assets 33,723 0
Finance lease right-of-use assets 226,619 0
Intangible assets, net 64,215 73,042
Goodwill 116,217 116,217
Contract assets 15,032 16,104
Deposits and other assets 6,178 7,409
Total assets 724,701 744,931
Current liabilities:    
Accounts payable 25,287 23,435
Accrued liabilities 9,813 15,540
Deferred revenues 7,493 8,022
Capital lease obligations 0 9,080
Revolving credit facility 14,000 0
Term loan, less discount and issuance costs of $4,036 0 321
Exit activities and restructuring liability 550 2,526
Short-term operating lease liabilities 6,686 0
Short-term finance lease liabilities 5,867 0
Other current liabilities 70 1,063
Total current liabilities 69,766 59,987
Deferred revenues 259 511
Operating lease liabilities 30,382 0
Finance lease liabilities 264,223 0
Capital lease obligations 0 262,382
Term loan, less discount and issuance costs of $7,587 and $9,508, respectively 415,126 415,278
Deferred tax liability 1,443 2,211
Other long-term liabilities 3,714 4,505
Total liabilities 784,913 744,874
Commitments and contingencies (Refer to Note 10)
Stockholders’ (deficit) equity:    
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; 26,486 and 25,455 shares outstanding, respectively 26 25
Additional paid-in capital 1,372,016 1,368,968
Treasury stock, at cost, 388 and 330 shares, respectively (7,958) (7,646)
Accumulated deficit (1,425,140) (1,363,019)
Accumulated items of other comprehensive loss (913) (1,065)
Total INAP stockholders’ deficit (61,969) (2,737)
Non-controlling interests 1,757 2,794
Total stockholders’ (deficit) equity (60,212) 57
Total liabilities and stockholders’ (deficit) equity $ 724,701 $ 744,931