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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 29,316 $ 37,099
Restricted cash 293 308
Accounts receivable and unbilled, net (includes $1.7 million and $2.3 million with related parties at March 31, 2017 and December 31, 2016, respectively) 82,283 79,767
Prepaid expenses and other current assets 16,433 16,074
Total current assets 128,325 133,248
Property and equipment, net 44,976 43,805
Goodwill 660,981 660,981
Intangible assets, net 126,623 136,071
Deferred income taxes 154 97
Other assets 5,034 4,903
Total assets 966,093 979,105
Current liabilities:    
Accounts payable 8,345 10,911
Accrued expenses 14,083 24,417
Pre-funded study costs (includes $3.9 million and $3.9 million with related parties at March 31, 2017 and December 31, 2016, respectively) 48,473 51,948
Advanced billings (includes $5.7 million and $7.6 million with related parties at March 31, 2017 and December 31, 2016, respectively) 60,474 65,668
Current portion of long-term debt 13,406 12,375
Other current liabilities 5,264 3,284
Total current liabilities 150,045 168,603
Long-term debt, net, less current portion 147,230 151,267
Deemed landlord liability, less current portion 28,063 28,527
Deferred income tax liability 11,683 12,030
Other long-term liabilities 8,092 7,968
Total liabilities 345,113 368,395
Commitments and contingencies (see Note 10)
Shareholders’ equity:    
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively
Common stock - $0.01 par-value; 250,000,000 shares authorized at March 31, 2017 and December 31, 2016, respectively; 40,675,553 and 40,662,856 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 407 407
Additional paid-in capital 625,296 623,629
Accumulated deficit (1,577) (9,584)
Accumulated other comprehensive loss (3,146) (3,742)
Total shareholders’ equity 620,980 610,710
Total liabilities and shareholders’ equity $ 966,093 $ 979,105