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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 54,164 $ 47,659
Accounts receivable, net 157,317 104,387
Prepaid expenses and other current assets 4,605 3,381
Total current assets 216,086 155,427
Long-term assets:    
Operating lease right-of-use asset, net of amortization 23,793 0
Property and equipment, net 1,990 2,789
Intangible assets, net 3,548 4,379
Goodwill 9,403 9,478
Deferred tax asset 104 193
Other assets 1,926 2,440
Total long-term assets 40,764 19,279
Total assets 256,850 174,706
Current liabilities:    
Accounts payable and accrued expenses 168,818 109,991
Operating lease liability, current portion 5,487 0
Deferred rent, current portion 0 797
Contingent consideration on acquisition 0 1,500
Other current liabilities 349 886
Total current liabilities 174,654 113,174
Long-term liabilities:    
Operating lease liability, net of current portion 24,046 0
Deferred rent, net of current portion 0 5,759
Deferred tax liabilities 1,050 1,153
Other liabilities 323 225
Total liabilities 200,073 120,311
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.0001 par value: 250,000,000 shares authorized as of December 31, 2019 and 2018, respectively; 59,481,057 and 56,956,935 shares issued and 46,916,817 and 44,392,695 shares outstanding as of December 31, 2019 and 2018, respectively 4 4
Treasury stock, 12,564,240 shares at cost as of December 31, 2019 and 2018, respectively (31,980) (31,980)
Additional paid-in capital 304,781 293,154
Accumulated other comprehensive loss (1,187) (949)
Accumulated deficit (214,841) (205,834)
Total stockholders’ equity 56,777 54,395
Total liabilities and stockholders’ equity $ 256,850 $ 174,706