XML 21 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 25,537 $ 20,630
Accounts receivable, net of allowances of $3,688 in 2017 and $3,245 in 2016 173,603 173,620
Prepaid expenses 5,287 6,126
Insurance recovery receivable 3,497 3,037
Other current assets 963 2,198
Total current assets 208,887 205,611
Property and equipment, net 14,086 12,818
Goodwill 117,589 79,648
Trade names 26,702 35,402
Other intangible assets, net 60,976 36,835
Non-current deferred tax assets 20,219 0
Other non-current assets 19,228 18,064
Total assets 467,687 388,378
Current liabilities:    
Accounts payable and accrued expenses 50,597 58,850
Accrued compensation and benefits 34,271 33,243
Current portion of long-term debt 6,875 2,250
Other current liabilities 2,845 2,749
Total current liabilities 94,588 97,092
Long-term debt, less current portion 92,259 84,750
Non-current deferred tax liabilities 105 13,154
Long-term accrued claims 28,757 28,870
Contingent consideration 5,088 5,301
Other long-term liabilities 9,171 7,409
Total liabilities 229,968 236,576
Commitments and contingencies
Stockholders' equity:    
Common stock—$0.0001 par value; 100,000,000 shares authorized; 35,838,108 and 32,339,285 shares issued and outstanding at December 31, 2017 and 2016, respectively 4 3
Additional paid-in capital 305,362 256,570
Accumulated other comprehensive loss (1,166) (1,241)
Accumulated deficit (67,111) (104,089)
Total Cross Country Healthcare, Inc. stockholders' equity 237,089 151,243
Noncontrolling interest in subsidiary 630 559
Total stockholders' equity 237,719 151,802
Total liabilities and stockholders' equity $ 467,687 $ 388,378