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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 26,485 $ 37,099
Restricted cash 7 308
Accounts receivable and unbilled, net (includes $1.0 million and $2.3 million with related parties at December 31, 2017 and 2016, respectively) 83,079 79,767
Prepaid expenses and other current assets 20,400 16,074
Total current assets 129,971 133,248
Property and equipment, net 48,739 43,805
Goodwill 660,981 660,981
Intangible assets, net 98,740 136,071
Deferred income taxes 6,343 97
Other assets 5,943 4,903
Total assets 950,717 979,105
Current liabilities:    
Accounts payable 16,674 10,911
Accrued expenses 23,673 24,417
Pre-funded study costs (includes $1.0 million and $3.9 million with related parties at December 31, 2017 and 2016, respectively) 57,406 51,948
Advanced billings (includes $1.7 million and $7.6 million with related parties at December 31, 2017 and 2016, respectively) 73,756 65,668
Current portion of long-term debt 16,500 12,375
Other current liabilities 4,697 3,284
Total current liabilities 192,706 168,603
Long-term debt, net, less current portion 205,111 151,267
Deemed landlord liability, less current portion 26,602 28,527
Deferred income tax liability 560 12,030
Deferred credit 11,468 0
Other long-term liabilities 10,740 7,968
Total liabilities 447,187 368,395
Commitments and contingencies (see Note 9) 0 0
Shareholders’ equity:    
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2017 and 2016, respectively 0 0
Common stock - $0.01 par-value; 250,000,000 shares authorized at December 31, 2017 and 2016, respectively; 35,466,510 and 40,662,856 shares issued and outstanding at December 31, 2017 and 2016, respectively 355 407
Treasury stock - 200,000 shares at December 31, 2017 (6,030) 0
Additional paid-in capital 630,341 623,629
Accumulated deficit (120,402) (9,584)
Accumulated other comprehensive loss (734) (3,742)
Total shareholders’ equity 503,530 610,710
Total liabilities and shareholders’ equity $ 950,717 $ 979,105