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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 29,055 $ 37,099
Restricted cash 275 308
Accounts receivable and unbilled, net (includes $1.2 million and $2.3 million with related parties at June 30, 2017 and December 31, 2016, respectively) 76,664 79,767
Prepaid expenses and other current assets 17,129 16,074
Total current assets 123,123 133,248
Property and equipment, net 45,244 43,805
Goodwill 660,981 660,981
Intangible assets, net 117,676 136,071
Deferred income taxes 11,536 97
Other assets 5,086 4,903
Total assets 963,646 979,105
Current liabilities:    
Accounts payable 7,195 10,911
Accrued expenses 16,392 24,417
Pre-funded study costs (includes $1.5 million and $3.9 million with related parties at June 30, 2017 and December 31, 2016, respectively) 48,530 51,948
Advanced billings (includes $4.2 million and $7.6 million with related parties at June 30, 2017 and December 31, 2016, respectively) 65,577 65,668
Current portion of long-term debt 14,438 12,375
Other current liabilities 3,130 3,284
Total current liabilities 155,262 168,603
Long-term debt, net, less current portion 143,191 151,267
Deemed landlord liability, less current portion 27,591 28,527
Deferred income tax liability 481 12,030
Deferred credit 21,420  
Other long-term liabilities 8,343 7,968
Total liabilities 356,288 368,395
Commitments and contingencies (see Note 11)
Shareholders’ equity:    
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively
Common stock - $0.01 par-value; 250,000,000 shares authorized at June 30, 2017 and December 31, 2016, respectively; 39,692,999 and 40,662,856 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 398 407
Additional paid-in capital 627,407 623,629
Accumulated deficit (18,419) (9,584)
Accumulated other comprehensive loss (2,028) (3,742)
Total shareholders’ equity 607,358 610,710
Total liabilities and shareholders’ equity $ 963,646 $ 979,105