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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 37,099 $ 14,880
Restricted cash 308 2,857
Accounts receivable and unbilled, net (includes $2.3 million and $2.9 million with related parties at December 31, 2016 and 2015, respectively) 79,767 65,088
Prepaid expenses and other current assets 16,074 11,896
Total current assets 133,248 94,721
Property and equipment, net 43,805 37,512
Goodwill 660,981 660,981
Intangible assets, net 136,071 186,743
Deferred income taxes 97 157
Other assets 4,903 3,927
Total assets 979,105 984,041
Current liabilities:    
Accounts payable 10,911 8,728
Accrued expenses 24,417 20,111
Pre-funded study costs (includes $3.9 million and $3.7 million with related parties at December 31, 2016 and 2015, respectively) 51,948 46,599
Advanced billings (includes $7.6 million and $10.2 million with related parties at December 31, 2016 and 2015, respectively) 65,668 51,051
Current portion of long-term debt 12,375 59
Other current liabilities 3,284 7,469
Total current liabilities 168,603 134,017
Long-term debt, net, less current portion 151,267 377,882
Deemed landlord liability, less current portion 28,527 30,273
Deferred income tax liability 12,030 21,104
Other long-term liabilities 7,968 7,291
Total liabilities 368,395 570,567
Commitments and contingencies (see Note 9)
Shareholders’ equity:    
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2016; No shares authorized at December 31, 2015
Common stock - $0.01 par-value; 250,000,000 shares and 60,000,000 shares authorized at December 31, 2016 and 2015, respectively 40,662,856 and 32,624,461 shares issued and outstanding at December 31, 2016 and 2015, respectively 407 326
Additional paid-in capital 623,629 438,716
Accumulated deficit (9,584) (23,009)
Accumulated other comprehensive loss (3,742) (2,559)
Total shareholders’ equity 610,710 413,474
Total liabilities and shareholders’ equity $ 979,105 $ 984,041