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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 123.1 $ 92.0
Accounts receivable, net of $5.1 million and $2.8 million allowance 64.3 52.3
Accounts receivable, net of $0.1 million and $0.0 million allowance - related party 25.3 30.8
Prepaid expenses and other current assets 48.0 41.6
Total current assets 260.7 216.7
Property, equipment and software, net 112.3 116.9
Operating lease right-of-use assets 68.3 77.9
Intangible assets, net 240.0 164.7
Goodwill 379.8 253.2
Non-current deferred tax assets 39.1 64.2
Non-current portion of restricted cash equivalents 1.0 0.5
Other assets 39.7 35.0
Total assets 1,140.9 929.1
Current liabilities:    
Accounts payable 24.2 20.2
Current portion of customer liabilities 19.9 14.0
Current portion of customer liabilities - related party 23.4 34.1
Accrued compensation and benefits 52.4 95.1
Current portion of operating lease liabilities 13.4 12.8
Current portion of long-term debt 25.8 16.3
Other accrued expenses 46.4 40.0
Total current liabilities 205.5 232.5
Non-current portion of customer liabilities - related party 18.2 18.6
Non-current portion of operating lease liabilities 76.5 82.7
Long-term debt 538.6 337.7
Other non-current liabilities 15.9 10.4
Total liabilities 854.7 681.9
8.00% Series A convertible preferred stock, par value $0.01, 370,000 shares authorized, 277,296 shares issued and outstanding as of June 30, 2020 (aggregate liquidation value of $282.8); 370,000 shares authorized, 266,529 shares issued and outstanding as of December 31, 2019 (aggregate liquidation value of $271.9) 240.1 229.1
Stockholders’ equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 129,289,960 shares issued and 115,374,788 shares outstanding at June 30, 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 (245.3) (277.8)
Accumulated other comprehensive loss (10.4) (4.5)
Treasury stock, at cost, 13,915,172 shares as of June 30, 2020; 13,786,266 shares as of December 31, 2019 (74.7) (73.6)
Total stockholders’ equity 46.1 18.1
Total liabilities and stockholders’ equity $ 1,140.9 $ 929.1