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Condensed consolidated balance sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 219,752 $ 289,431
Restricted cash 30,499 30,708
Accounts receivable, net of allowance for bad debts of $37 and $84 at September 30, 2019 and December 31, 2018, respectively 29,398 38,960
Inventory 2,612 5,122
Restricted assets – national advertising fund 657 0
Prepaid expenses 8,649 4,947
Other receivables 9,232 12,548
Other current assets 5,471 6,824
Total current assets 306,270 388,540
Property and equipment, net of accumulated depreciation of $70,083, as of September 30, 2019 and $53,086 as of December 31, 2018 131,454 114,367
Right-of-use assets, net 127,746  
Intangible assets, net 227,575 234,330
Goodwill 206,752 199,513
Deferred income taxes 418,745 414,841
Other assets, net 1,690 1,825
Total assets 1,420,232 1,353,416
Current liabilities:    
Current maturities of long-term debt 12,000 12,000
Accounts payable 23,037 30,428
Accrued expenses 25,737 32,384
Equipment deposits 8,566 7,908
Restricted liabilities – national advertising fund 657 0
Deferred revenue, current 24,638 23,488
Payable pursuant to tax benefit arrangements, current 25,506 24,765
Other current liabilities 15,780 430
Total current liabilities 135,921 131,403
Long-term debt, net of current maturities 1,155,049 1,160,127
Deferred rent, net of current portion   10,083
Lease liabilities, net of current portion 127,646  
Deferred revenue, net of current portion 31,532 26,374
Deferred tax liabilities 2,067 2,303
Payable pursuant to tax benefit arrangements, net of current portion 407,884 404,468
Other liabilities 2,250 1,447
Total noncurrent liabilities 1,726,428 1,604,802
Commitments and contingencies (Note 12)
Stockholders’ equity (deficit):    
Accumulated other comprehensive income 189 94
Additional paid in capital 27,240 19,732
Accumulated deficit (466,032) (394,410)
Total stockholders’ deficit attributable to Planet Fitness Inc. (438,594) (374,574)
Non-controlling interests (3,523) (8,215)
Total stockholders’ deficit (442,117) (382,789)
Total liabilities and stockholders’ deficit 1,420,232 1,353,416
Class A Common Stock    
Stockholders’ equity (deficit):    
Common stock, value 8 9
Class B Common Stock    
Stockholders’ equity (deficit):    
Common stock, value $ 1 $ 1