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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 52.4 $ 164.9
Current portion of restricted cash equivalents 1.8 0.0
Accounts receivable, net 40.2 8.2
Accounts receivable, net - related party 29.2 15.4
Prepaid expenses and other current assets 35.5 13.8
Total current assets 159.1 202.3
Property, equipment and software, net 94.1 48.3
Intangible assets, net 182.9 0.0
Goodwill 256.3 0.0
Non-current deferred tax assets 53.4 70.5
Non-current portion of restricted cash equivalents 0.5 1.5
Other assets 21.3 13.4
Total assets 767.6 336.0
Current liabilities:    
Accounts payable 7.8 7.2
Current portion of customer liabilities 12.5 1.1
Current portion of customer liabilities - related party 23.8 27.1
Accrued compensation and benefits 60.2 37.8
Current portion of long-term debt 3.4 0.0
Interest payable 6.9 0.0
Other accrued expenses 35.3 16.7
Total current liabilities 149.9 89.9
Non-current portion of customer liabilities - related party 18.0 11.5
Long-term debt 255.3 0.0
Long-term debt - related party 100.8 0.0
Other non-current liabilities 30.1 11.9
Total liabilities 554.1 113.3
8.00% Series A convertible preferred stock, par value $0.01, 370,000 shares authorized, 241,405 shares issued and outstanding as of September 30, 2018 (aggregate liquidation value of $246.2); 370,000 shares authorized, 227,483 shares issued and outstanding as of December 31, 2017 (aggregate liquidation value of $232.0) 203.5 189.3
Stockholders’ equity (deficit)    
Common stock, $0.01 par value, 500,000,000 shares authorized, 123,031,938 shares issued and 110,231,689 shares outstanding at September 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 360.6 337.9
Accumulated deficit (284.1) (244.5)
Accumulated other comprehensive loss (5.2) (1.6)
Treasury stock, at cost, 12,800,249 shares as of September 30, 2018; 12,240,427 shares as of December 31, 2017 (62.5) (59.6)
Total stockholders’ equity (deficit) 10.0 33.4
Total liabilities and stockholders’ equity (deficit) $ 767.6 $ 336.0