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Condensed consolidated balance sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 547,494 $ 436,256
Restricted cash 63,226 42,539
Accounts receivable, net of allowance for bad debts of $79 and $111 at March 31, 2020 and December 31, 2019, respectively 21,082 42,268
Inventory 2,820 877
Deferred expenses – national advertising fund 10,363 0
Prepaid expenses 7,263 8,025
Other receivables 9,969 9,226
Other current assets 2,253 947
Total current assets 664,470 540,138
Property and equipment, net of accumulated depreciation of $81,585 and $73,621 at March 31, 2020 and December 31, 2019, respectively 145,114 145,481
Right-of-use assets, net 150,284 155,633
Intangible assets, net 229,709 233,921
Goodwill 227,821 227,821
Deferred income taxes 456,322 412,293
Other assets, net 1,916 1,903
Total assets 1,875,636 1,717,190
Current liabilities:    
Current maturities of long-term debt 17,500 17,500
Accounts payable 37,640 21,267
Accrued expenses 21,063 31,623
Equipment deposits 5,394 3,008
Deferred revenue, current 53,593 27,596
Payable pursuant to tax benefit arrangements, current 26,468 26,468
Other current liabilities 18,506 18,016
Total current liabilities 180,164 145,478
Long-term debt, net of current maturities 1,684,727 1,687,505
Borrowings under Variable Funding Notes 75,000 0
Lease liabilities, net of current portion 148,006 152,920
Deferred revenue, net of current portion 34,193 34,458
Deferred tax liabilities 1,139 1,116
Payable pursuant to tax benefit arrangements, net of current portion 442,243 400,748
Other liabilities 2,333 2,719
Total noncurrent liabilities 2,387,641 2,279,466
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Accumulated other comprehensive (loss) income (306) 303
Additional paid in capital 36,460 29,820
Accumulated deficit (727,946) (736,587)
Total stockholders’ deficit attributable to Planet Fitness Inc. (691,783) (706,455)
Non-controlling interests (386) (1,299)
Total stockholders’ deficit (692,169) (707,754)
Total liabilities and stockholders’ deficit 1,875,636 1,717,190
Class A Common Stock    
Stockholders’ equity (deficit):    
Common stock, value 8 8
Class B Common Stock    
Stockholders’ equity (deficit):    
Common stock, value $ 1 $ 1