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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 80.1 $ 62.8
Current portion of restricted cash equivalents 0.0 1.8
Accounts receivable, net 42.7 42.2
Accounts receivable, net - related party 28.4 55.2
Prepaid expenses and other current assets 43.5 34.8
Total current assets 194.7 196.8
Property, equipment and software, net 113.4 95.2
Operating lease right-of-use assets 78.4 0.0
Intangible assets, net 171.7 180.5
Goodwill 253.2 254.8
Non-current deferred tax assets 74.9 57.5
Non-current portion of restricted cash equivalents 0.5 0.5
Other assets 26.5 22.2
Total assets 913.3 807.5
Current liabilities:    
Accounts payable 18.4 9.9
Current portion of customer liabilities 13.2 14.7
Current portion of customer liabilities - related party 46.0 51.1
Accrued compensation and benefits 64.2 77.0
Current portion of operating lease liabilities 11.3 0.0
Current portion of long-term debt 16.3 2.7
Other accrued expenses 46.7 40.8
Total current liabilities 216.1 196.2
Non-current portion of customer liabilities - related party 16.8 17.7
Non-current portion of operating lease liabilities 85.4 0.0
Long-term debt 365.5 251.0
Long-term debt - related party 0.0 105.0
Other non-current liabilities 6.6 22.9
Total liabilities 690.4 592.8
8.00% Series A convertible preferred stock, par value $0.01, 370,000 shares authorized, 256,180 shares issued and outstanding as of June 30, 2019 (aggregate liquidation value of $261.3); 370,000 shares authorized, 246,233 shares issued and outstanding as of December 31, 2018 (aggregate liquidation value of $251.2) 218.5 208.4
Stockholders’ equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 125,190,167 shares issued and 111,890,467 shares outstanding at June 30, 2019; 123,353,656 shares issued and 110,541,901 shares outstanding at December 31, 2018 1.3 1.2
Additional paid-in capital 367.9 361.0
Accumulated deficit (294.8) (289.8)
Accumulated other comprehensive loss (2.7) (3.5)
Treasury stock, at cost, 13,299,700 shares as of June 30, 2019; 12,811,755 shares as of December 31, 2018 (67.3) (62.6)
Total stockholders’ equity 4.4 6.3
Total liabilities and stockholders’ equity $ 913.3 $ 807.5