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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 267,073 $ 273,314
Accounts receivable, net of allowances of $5,789 and $7,147 at June 30, 2021 and December 31, 2020, respectively 22,835 32,923
Prepaid expenses 8,499 5,800
Other current assets 3,991 12,901
Total current assets 302,398 324,938
Property and equipment, net 19,456 21,421
Operating lease right-of-use assets 25,758 29,192
Goodwill 51,205 51,205
Intangible assets, net 5,775 6,600
Equity method investment 19,219 19,905
Other assets 4,723 4,800
Total assets 428,534 458,061
Current liabilities    
Accounts payable (includes related party payables of $1,072 and $913 at June 30, 2021 and December 31, 2020, respectively) 16,397 13,198
Accrued employee expenses 5,358 6,506
Operating lease liabilities, current 4,971 4,771
Accrued expenses and other current liabilities 14,243 18,402
Total current liabilities 40,969 42,877
Deferred tax liabilities 90 40
Operating lease liabilities, net of current portion 29,223 31,974
Other liabilities 22 388
Total liabilities 70,304 75,279
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Preferred stock — $0.0001 par value; 20,000,000 shares authorized at June 30, 2021 and December 31, 2020; no shares issued and outstanding at June 30, 2021 and December 31, 2020 0 0
Common stock — $0.0001 par value; 1,000,000,000 shares authorized at June 30, 2021 and December 31, 2020; 97,613,457 and 99,690,942 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 10 10
Additional paid-in capital 729,439 738,290
Accumulated deficit (371,219) (355,518)
Total stockholders’ equity 358,230 382,782
Total liabilities and stockholders’ equity $ 428,534 $ 458,061