XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 6,234 $ 1,032
Accounts receivable, net of allowances of $3,617 in 2020 and $3,219 in 2019 156,104 169,528
Prepaid expenses 5,275 6,097
Insurance recovery receivable 4,954 5,011
Other current assets 1,985 1,689
Total current assets 174,552 183,357
Property and equipment, net of accumulated depreciation of $21,416 in 2020 and $23,276 in 2019 11,960 11,832
Operating lease right-of-use assets 11,553 16,964
Goodwill 90,924 101,066
Trade names, indefinite-lived 5,900 5,900
Other intangible assets, net 39,001 44,957
Other non-current assets 18,311 18,298
Total assets 352,201 382,374
Current liabilities:    
Accounts payable and accrued expenses 54,183 45,726
Accrued compensation and benefits 36,274 31,307
Operating lease liabilities - current 4,883 4,878
Other current liabilities 3,441 3,554
Total current liabilities 98,781 85,465
Revolving credit facility 49,101 70,974
Operating lease liabilities - non-current 16,757 19,070
Non-current deferred tax liabilities 6,860 7,523
Long-term accrued claims 25,042 26,938
Contingent consideration 0 4,867
Other long-term liabilities 6,586 4,037
Total liabilities 203,127 218,874
Commitments and contingencies
Stockholders' equity:    
Common stock 4 4
Additional paid-in capital 307,985 305,643
Accumulated other comprehensive loss (1,327) (1,240)
Accumulated deficit (158,015) (141,775)
Total Cross Country Healthcare, Inc. stockholders' equity 148,647 162,632
Noncontrolling interest in subsidiary 427 868
Total stockholders' equity 149,074 163,500
Total liabilities and stockholders' equity $ 352,201 $ 382,374