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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 182,855 $ 181,534
Accounts receivable, net of allowances of $8,054 and $6,759 at March 31, 2020 and December 31, 2019, respectively (includes related party receivables of $2,856 and $209 at March 31, 2020 and December 31, 2019, respectively) 40,126 44,888
Prepaid expenses 6,365 7,215
Other current assets 4,119 6,104
Total current assets 233,465 239,741
Property and equipment, net 28,704 29,797
Operating lease right-of-use assets 34,548 36,064
Goodwill 63,124 73,311
Intangible assets, net 15,713 17,260
Equity method investment 21,512 21,894
Other assets 3,691 3,620
Total assets 400,757 421,687
Current liabilities    
Accounts payable (includes related party payables of $4,981 and $6,439 at March 31, 2020 and December 31, 2019, respectively) 17,687 21,336
Accrued employee expenses 2,460 5,969
Operating lease liabilities, current 5,089 5,875
Accrued expenses and other current liabilities (includes related party accrued expenses of $0 and $1,299 at March 31, 2020 and December 31, 2019, respectively) 14,460 20,990
Total current liabilities 39,696 54,170
Deferred tax liabilities 344 783
Operating lease liabilities, net of current portion 35,913 37,127
Other liabilities 2,367 2,336
Total liabilities 78,320 94,416
Commitments and contingencies (Note 7)
Stockholders’ Equity    
Preferred stock — $0.0001 par value; 20,000,000 shares authorized at March 31, 2020 and December 31, 2019; no shares issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock — $0.0001 par value; 1,000,000,000 shares authorized at March 31, 2020 and December 31, 2019; 107,183,633 and 106,865,830 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 11 11
Additional paid-in capital 765,157 759,322
Accumulated deficit (442,731) (432,062)
Total stockholders’ equity 322,437 327,271
Total liabilities and stockholders’ equity $ 400,757 $ 421,687