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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 38.8 $ 164.9
Current portion of restricted cash equivalents 2.0 0.0
Accounts receivable, net 40.9 8.2
Accounts receivable, net - related party 40.3 15.4
Prepaid income taxes 0.5 0.6
Prepaid expenses and other current assets 26.6 13.2
Total current assets 149.1 202.3
Property, equipment and software, net 90.7 48.3
Intangible assets, net 199.4 0.0
Goodwill 244.7 0.0
Non-current deferred tax assets 47.6 70.5
Non-current portion of restricted cash equivalents 1.5 1.5
Other assets 20.1 13.4
Total assets 753.1 336.0
Current liabilities:    
Accounts payable 14.6 7.2
Current portion of customer liabilities 8.5 1.1
Current portion of customer liabilities - related party 23.3 27.1
Accrued compensation and benefits 53.0 37.8
Current portion of long-term debt 2.7 0.0
Other accrued expenses 35.4 16.7
Total current liabilities 137.5 89.9
Non-current portion of customer liabilities - related party 17.4 11.5
Long-term debt 255.6 0.0
Long-term debt - related party 101.1 0.0
Other non-current liabilities 19.2 11.9
Total liabilities 530.8 113.3
8.00% Series A convertible preferred stock: par value $0.01 per share, 370,000 authorized, 236,672 shares issued and outstanding as of June 30, 2018 (aggregate liquidation value of $241.4); 370,000 authorized, 227,483 shares issued and outstanding as of December 31, 2017 (aggregate liquidation value of $232.0) 198.6 189.3
Stockholders’ equity (deficit)    
Common stock, $0.01 par value, 500,000,000 shares authorized, 122,726,673 shares issued and 109,970,001 shares outstanding at June 30, 2018; 116,650,388 shares issued and 104,409,961 shares outstanding at December 31, 2017 1.2 1.2
Additional paid-in capital 359.8 337.9
Accumulated deficit (270.7) (244.5)
Accumulated other comprehensive loss (4.1) (1.6)
Treasury stock, at cost, 12,756,672 shares as of June 30, 2018; 12,240,427 shares as of December 31, 2017 (62.5) (59.6)
Total stockholders’ equity (deficit) 23.7 33.4
Total liabilities and stockholders’ equity (deficit) $ 753.1 $ 336.0