XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed consolidated balance sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 419,658 $ 436,256
Restricted cash 81,944 42,539
Accounts receivable, net of allowance for bad debts of $65 and $111 at September 30, 2020 and December 31, 2019, respectively 11,899 42,268
Inventory 1,806 877
Prepaid expenses 15,274 8,025
Other receivables 20,513 9,226
Income tax receivables 10,036 947
Total current assets 561,130 540,138
Property and equipment, net of accumulated depreciation of $97,832 and $73,621 at September 30, 2020 and December 31, 2019, respectively 159,053 145,481
Right-of-use assets, net 163,119 155,633
Intangible assets, net 221,286 233,921
Goodwill 227,821 227,821
Deferred income taxes 467,229 412,293
Other assets, net 1,914 1,903
Total assets 1,801,552 1,717,190
Current liabilities:    
Current maturities of long-term debt 17,500 17,500
Accounts payable 19,783 21,267
Accrued expenses 25,669 31,623
Equipment deposits 1,522 3,008
Restricted liabilities – national advertising fund 3,446 0
Deferred revenue, current 23,921 27,596
Payable pursuant to tax benefit arrangements, current 8,027 26,468
Other current liabilities 20,497 18,016
Total current liabilities 120,365 145,478
Long-term debt, net of current maturities 1,679,191 1,687,505
Borrowings under Variable Funding Notes 75,000 0
Lease liabilities, net of current portion 165,372 152,920
Deferred revenue, net of current portion 33,002 34,458
Deferred tax liabilities 1,194 1,116
Payable pursuant to tax benefit arrangements, net of current portion 447,979 400,748
Other liabilities 2,368 2,719
Total noncurrent liabilities 2,404,106 2,279,466
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Accumulated other comprehensive (loss) income (38) 303
Additional paid in capital 40,671 29,820
Accumulated deficit (760,268) (736,587)
Total stockholders’ deficit attributable to Planet Fitness Inc. (719,626) (706,455)
Non-controlling interests (3,293) (1,299)
Total stockholders’ deficit (722,919) (707,754)
Total liabilities and stockholders’ deficit 1,801,552 1,717,190
Class A Common Stock    
Stockholders’ equity (deficit):    
Common stock 8 8
Class B Common Stock    
Stockholders’ equity (deficit):    
Common stock $ 1 $ 1