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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 58,929 $ 76,217
Accounts receivable (less allowance for doubtful accounts of $2,518 and $3,133 as of June 30, 2016 and December 31, 2015, respectively) 1,370 1,923
Inventory 244 337
Deferred tax assets 0 1,549
Prepaid corporate income taxes 0 6,895
Prepaid expenses and other current assets 8,655 13,170
Total current assets 69,198 100,091
Fixed assets, net 182,196 195,341
Goodwill 1,053 1,025
Intangible assets, net 153 171
Deferred tax assets 0 219
Deferred membership costs 1,850 3,029
Other assets 2,694 3,225
Total assets 257,144 303,101
Current liabilities:    
Current portion of long-term debt 2,082 2,810
Accounts payable 2,761 2,615
Accrued expenses 26,155 26,129
Accrued interest 116 129
Deferred revenue 41,818 40,225
Corporate income taxes payable 8,779 0
Deferred tax liabilities 0 236
Total current liabilities 81,711 72,144
Long-term debt 195,153 263,930
Deferred lease liabilities 51,119 51,136
Deferred tax liabilities 61 1,593
Deferred revenue 357 319
Other liabilities 10,101 10,224
Total liabilities 338,502 399,346
Commitments and Contingencies
Stockholders’ deficit:    
Preferred stock, $0.001 par value; no shares issued and outstanding at both June 30, 2016 and December 31, 2015
Common stock, $0.001 par value; issued and outstanding 25,749,047 and 24,818,786 shares at June 30, 2016 and December 31, 2015, respectively 24 24
Additional paid-in capital (6,953) (8,386)
Accumulated other comprehensive loss (928) (523)
Accumulated deficit (73,501) (87,360)
Total stockholders’ deficit (81,358) (96,245)
Total liabilities and stockholders’ deficit $ 257,144 $ 303,101