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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 106.0 $ 92.0
Accounts receivable, net of $4.6 million and $2.8 million allowance 57.6 52.3
Accounts receivable, net of $0.1 million and $0.0 million allowance - related party 36.3 30.8
Prepaid expenses and other current assets 43.9 41.6
Total current assets 243.8 216.7
Property, equipment and software, net 116.7 116.9
Operating lease right-of-use assets 73.8 77.9
Intangible assets, net 161.3 164.7
Goodwill 253.2 253.2
Non-current deferred tax assets 55.6 64.2
Non-current portion of restricted cash equivalents 1.0 0.5
Other assets 37.5 35.0
Total assets 942.9 929.1
Current liabilities:    
Accounts payable 24.8 20.2
Current portion of customer liabilities 13.3 14.0
Current portion of customer liabilities - related party 31.0 34.1
Accrued compensation and benefits 48.1 95.1
Current portion of operating lease liabilities 13.3 12.8
Current portion of long-term debt 16.3 16.3
Other accrued expenses 60.6 40.0
Total current liabilities 207.4 232.5
Non-current portion of customer liabilities - related party 19.3 18.6
Non-current portion of operating lease liabilities 78.4 82.7
Long-term debt 363.3 337.7
Other non-current liabilities 8.5 10.4
Total liabilities 676.9 681.9
8.00% Series A convertible preferred stock, par value $0.01, 370,000 shares authorized, 271,859 shares issued and outstanding as of March 31, 2020 (aggregate liquidation value of $277.3); 370,000 shares authorized, 266,529 shares issued and outstanding as of December 31, 2019 (aggregate liquidation value of $271.9) 234.5 229.1
Stockholders’ equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 128,362,786 shares issued and 114,575,975 shares outstanding at March 31, 2020; 127,807,546 shares issued and 114,021,280 shares outstanding at December 31, 2019 1.3 1.3
Additional paid-in capital 375.2 372.7
Accumulated deficit (260.4) (277.8)
Accumulated other comprehensive loss (11.0) (4.5)
Treasury stock, at cost, 13,786,811 shares as of March 31, 2020; 13,786,266 shares as of December 31, 2019 (73.6) (73.6)
Total stockholders’ equity 31.5 18.1
Total liabilities and stockholders’ equity $ 942.9 $ 929.1