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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 55.6 $ 62.8
Current portion of restricted cash equivalents 0.0 1.8
Accounts receivable, net 39.6 42.2
Accounts receivable, net - related party 45.8 55.2
Prepaid expenses and other current assets 49.1 34.8
Total current assets 190.1 196.8
Property, equipment and software, net 114.8 95.2
Operating lease right-of-use assets 75.0 0.0
Intangible assets, net 168.2 180.5
Goodwill 253.2 254.8
Non-current deferred tax assets 66.8 57.5
Non-current portion of restricted cash equivalents 0.5 0.5
Other assets 32.7 22.2
Total assets 901.3 807.5
Current liabilities:    
Accounts payable 24.7 9.9
Current portion of customer liabilities 10.9 14.7
Current portion of customer liabilities - related party 34.6 51.1
Accrued compensation and benefits 69.7 77.0
Current portion of operating lease liabilities 11.1 0.0
Current portion of long-term debt 16.3 2.7
Other accrued expenses 35.8 40.8
Total current liabilities 203.1 196.2
Non-current portion of customer liabilities - related party 17.8 17.7
Non-current portion of operating lease liabilities 81.8 0.0
Long-term debt 351.6 251.0
Long-term debt - related party 0.0 105.0
Other non-current liabilities 8.4 22.9
Total liabilities 662.7 592.8
8.00% Series A convertible preferred stock, par value $0.01, 370,000 shares authorized, 261,303 shares issued and outstanding as of September 30, 2019 (aggregate liquidation value of $266.5); 370,000 shares authorized, 246,233 shares issued and outstanding as of December 31, 2018 (aggregate liquidation value of $251.2) 223.8 208.4
Stockholders’ equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 126,166,326 shares issued and 112,864,575 shares outstanding at September 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 370.8 361.0
Accumulated deficit (285.6) (289.8)
Accumulated other comprehensive loss (4.4) (3.5)
Treasury stock, at cost, 13,301,751 shares as of September 30, 2019; 12,811,755 shares as of December 31, 2018 (67.3) (62.6)
Total stockholders’ equity 14.8 6.3
Total liabilities and stockholders’ equity $ 901.3 $ 807.5