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Condensed consolidated balance sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 423,553 $ 436,256
Restricted cash 86,407 42,539
Accounts receivable, net of allowance for bad debts of $84 and $111 at June 30, 2020 and December 31, 2019, respectively 15,251 42,268
Inventory 2,778 877
Deferred expenses – national advertising fund 7,942 0
Prepaid expenses 12,160 8,025
Other receivables 21,301 9,226
Other current assets 12,089 947
Total current assets 581,481 540,138
Property and equipment, net of accumulated depreciation of $89,417 and $73,621 at June 30, 2020 and December 31, 2019, respectively 149,624 145,481
Right-of-use assets, net 155,523 155,633
Intangible assets, net 225,498 233,921
Goodwill 227,821 227,821
Deferred income taxes 458,196 412,293
Other assets, net 1,894 1,903
Total assets 1,800,037 1,717,190
Current liabilities:    
Current maturities of long-term debt 17,500 17,500
Accounts payable 11,461 21,267
Accrued expenses 19,767 31,623
Equipment deposits 3,832 3,008
Deferred revenue, current 32,147 27,596
Payable pursuant to tax benefit arrangements, current 30,912 26,468
Other current liabilities 18,959 18,016
Total current liabilities 134,578 145,478
Long-term debt, net of current maturities 1,681,953 1,687,505
Borrowings under Variable Funding Notes 75,000 0
Lease liabilities, net of current portion 154,501 152,920
Deferred revenue, net of current portion 33,585 34,458
Deferred tax liabilities 1,562 1,116
Payable pursuant to tax benefit arrangements, net of current portion 438,105 400,748
Other liabilities 2,453 2,719
Total noncurrent liabilities 2,387,159 2,279,466
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Accumulated other comprehensive (loss) income (57) 303
Additional paid in capital 38,900 29,820
Accumulated deficit (757,139) (736,587)
Total stockholders’ deficit attributable to Planet Fitness Inc. (718,287) (706,455)
Non-controlling interests (3,413) (1,299)
Total stockholders’ deficit (721,700) (707,754)
Total liabilities and stockholders’ deficit 1,800,037 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