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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 173,086 $ 181,534
Accounts receivable, net of allowances of $10,459 and $6,759 at June 30, 2020 and December 31, 2019, respectively (includes related party receivables of $6,512 and $209 at June 30, 2020 and December 31, 2019, respectively) 41,540 44,888
Prepaid expenses 8,311 7,215
Other current assets 5,800 6,104
Total current assets 228,737 239,741
Property and equipment, net 27,775 29,797
Operating lease right-of-use assets 33,062 36,064
Goodwill 63,124 73,311
Intangible assets, net 14,167 17,260
Equity method investment 21,005 21,894
Other assets 3,567 3,620
Total assets 391,437 421,687
Current liabilities    
Accounts payable (includes related party payables of $467 and $6,439 at June 30, 2020 and December 31, 2019, respectively) 10,017 21,336
Accrued employee expenses 10,364 5,969
Operating lease liabilities, current 4,665 5,875
Accrued expenses and other current liabilities (includes related party accrued expenses of $0 and $1,299 at June 30, 2020 and December 31, 2019, respectively) 13,037 20,990
Total current liabilities 38,083 54,170
Deferred tax liabilities 386 783
Operating lease liabilities, net of current portion 34,632 37,127
Other liabilities 1,142 2,336
Total liabilities 74,243 94,416
Commitments and contingencies (Note 7)
Stockholders’ Equity    
Preferred stock — $0.0001 par value; 20,000,000 shares authorized at June 30, 2020 and December 31, 2019; no shares issued and outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock — $0.0001 par value; 1,000,000,000 shares authorized at June 30, 2020 and December 31, 2019; 107,910,000 and 106,865,830 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 11 11
Additional paid-in capital 771,156 759,322
Accumulated deficit (453,973) (432,062)
Total stockholders’ equity 317,194 327,271
Total liabilities and stockholders’ equity $ 391,437 $ 421,687