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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 92.0 $ 62.8
Current portion of restricted cash equivalents 0.0 1.8
Accounts receivable, net 52.3 42.2
Accounts receivable, net - related party 30.8 55.2
Prepaid expenses and other current assets 41.6 34.8
Total current assets 216.7 196.8
Property, equipment and software, net 116.9  
Property, equipment and software, net   95.2
Operating lease right-of-use assets 77.9  
Intangible assets, net 164.7 180.5
Goodwill 253.2 254.8
Non-current deferred tax assets 64.2 57.5
Non-current portion of restricted cash equivalents 0.5 0.5
Other assets 35.0 22.2
Total assets 929.1 807.5
Current liabilities:    
Accounts payable 20.2 9.9
Current portion of customer liabilities 14.0 14.7
Current portion of customer liabilities - related party 34.1 51.1
Accrued compensation and benefits 95.1 77.0
Current portion of operating lease liabilities 12.8  
Current portion of long-term debt 16.3 2.7
Other accrued expenses 40.0 40.8
Total current liabilities 232.5 196.2
Non-current portion of customer liabilities - related party 18.6 17.7
Non-current portion of operating lease liabilities 82.7  
Long-term debt 337.7 251.0
Long-term debt - related party 0.0 105.0
Other non-current liabilities 10.4 22.9
Total liabilities 681.9 592.8
8.00% Series A convertible preferred stock, par value $0.01, 370,000 shares authorized, 266,529 shares issued and outstanding as of December 31, 2019 (aggregate liquidation value of $271.9); 370,000 shares authorized, 246,233 shares issued and outstanding as of December 31, 2018 (aggregate liquidation value of $251.2) 229.1 208.4
Stockholders’ equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 127,807,546 shares issued and 114,021,280 shares outstanding at December 31, 2019; 123,353,656 shares issued and 110,541,901 shares outstanding at December 31, 2018 1.3 1.2
Additional paid-in capital 372.7 361.0
Accumulated deficit (277.8) (289.8)
Accumulated other comprehensive loss (4.5) (3.5)
Treasury stock, at cost, 13,786,266 shares as of December 31, 2019; 12,811,755 shares as of December 31, 2018 (73.6) (62.6)
Total stockholders’ equity 18.1 6.3
Total liabilities and stockholders’ equity $ 929.1 $ 807.5