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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,649 $ 17,823
Accounts receivable, net of allowance for doubtful accounts of $763 and $1,547, respectively 15,567 19,623
Contract assets 9,039 8,844
Prepaid expenses and other assets 7,370 7,377
Total current assets 43,625 53,667
Property and equipment, net 215,111 484,306
Operating lease right-of-use assets 62,537  
Finance lease right-of-use assets 141,323  
Intangible assets, net 46,596 73,042
Goodwill 71,208 116,217
Contract assets 14,827 16,104
Deferred income tax assets, net 124 0
Deposits and other assets 4,003 7,409
Total assets 599,354 750,745
Current liabilities:    
Accounts payable 20,529 23,435
Accrued liabilities 10,721 15,207
Deferred revenues 6,576 8,462
Capital lease obligations 0 9,171
Revolving credit facility 20,000 0
Term loan, less discount and issuance costs of $12,545 and $4,036, respectively 413,311 321
Exit activities and restructuring liability 200 2,526
Short-term operating lease liabilities 9,241  
Short-term finance lease liabilities 4,979  
Other current liabilities 22 1,063
Total current liabilities 485,579 60,185
Deferred revenues 632 856
Operating lease liabilities 72,301  
Finance lease liabilities 170,042  
Capital lease obligations   264,741
Term loan, less discount and issuance costs of $9,508 0 415,278
Exit activities and restructuring liability 0 75
Deferred rent 0 957
Deferred income tax liabilities 0 2,211
Other long-term liabilities 3,622 3,473
Total liabilities 732,176 747,776
Commitments and contingencies (Note 9)
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; 26,555 and 25,455 shares outstanding, respectively 26 25
Additional paid-in capital 1,374,230 1,368,968
Treasury stock, at cost, 388 and 330 shares, respectively (7,958) (7,646)
Accumulated deficit (1,498,409) (1,360,107)
Accumulated items of other comprehensive loss (711) (1,065)
Total INAP stockholders' deficit (132,822) 175
Non-controlling interest 0 2,794
Total stockholders' (deficit) equity (132,822) 2,969
Total liabilities and stockholders' (deficit) equity $ 599,354 $ 750,745