XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 22,245 $ 26,485
Restricted cash 7 7
Accounts receivable and unbilled, net (includes $1.3 million and $1.0 million with related parties at March 31, 2018 and December 31, 2017, respectively) 110,654 83,079
Prepaid expenses and other current assets 20,848 20,400
Total current assets 153,754 129,971
Property and equipment, net 51,079 48,739
Goodwill 660,981 660,981
Intangible assets, net 91,349 98,740
Deferred income taxes 9,970 6,343
Other assets 5,891 5,943
Total assets 973,024 950,717
Current liabilities:    
Accounts payable 17,924 16,674
Accrued expenses 63,576 23,673
Pre-funded study costs (includes $1.0 million with related parties at December 31, 2017) 0 57,406
Advanced billings (includes $0.3 million and $1.7 million with related parties at March 31, 2018 and December 31, 2017, respectively) 126,387 73,756
Current portion of long-term debt 16,500 16,500
Other current liabilities 8,105 4,697
Total current liabilities 232,492 192,706
Long-term debt, net, less current portion 181,067 205,111
Deemed landlord liability, less current portion 26,091 26,602
Deferred income tax liability 596 560
Deferred credit 11,265 11,468
Other long-term liabilities 10,440 10,740
Total liabilities 461,951 447,187
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 March 31, 2018 and December 31, 2017, respectively 0 0
Common stock - $0.01 par-value; 250,000,000 shares authorized at March 31, 2018 and December 31, 2017, respectively; 35,504,675 and 35,466,510 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 355 355
Treasury stock - 200,000 shares at March 31, 2018 and December 31, 2017 (6,030) (6,030)
Additional paid-in capital 632,374 630,341
Accumulated deficit (115,521) (120,402)
Accumulated other comprehensive loss (105) (734)
Total shareholders’ equity 511,073 503,530
Total liabilities and shareholders’ equity $ 973,024 $ 950,717