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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 22,230 $ 26,485
Restricted cash 7 7
Accounts receivable and unbilled, net (includes $2.1 million and $1.0 million with related parties at June 30, 2018 and December 31, 2017, respectively) 115,398 83,079
Prepaid expenses and other current assets 20,844 20,400
Total current assets 158,479 129,971
Property and equipment, net 52,360 48,739
Goodwill 660,981 660,981
Intangible assets, net 83,959 98,740
Deferred income taxes 5,972 6,343
Other assets 6,430 5,943
Total assets 968,181 950,717
Current liabilities:    
Accounts payable 16,859 16,674
Accrued expenses 72,925 23,673
Pre-funded study costs (includes $1.0 million with related parties at December 31, 2017) 0 57,406
Advanced billings (includes $0.6 million and $1.7 million with related parties at June 30, 2018 and December 31, 2017, respectively) 120,945 73,756
Current portion of long-term debt 16,500 16,500
Other current liabilities 5,933 4,697
Total current liabilities 233,162 192,706
Long-term debt, net, less current portion 147,021 205,111
Deemed landlord liability, less current portion 25,571 26,602
Deferred income tax liability 602 560
Deferred credit 11,061 11,468
Other long-term liabilities 10,683 10,740
Total liabilities 428,100 447,187
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 June 30, 2018 and December 31, 2017, respectively 0 0
Common stock - $0.01 par-value; 250,000,000 shares authorized at June 30, 2018 and December 31, 2017, respectively; 35,545,233 and 35,466,510 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 356 355
Treasury stock - 200,000 shares at June 30, 2018 and December 31, 2017 (6,030) (6,030)
Additional paid-in capital 634,469 630,341
Accumulated deficit (86,599) (120,402)
Accumulated other comprehensive loss (2,115) (734)
Total shareholders’ equity 540,081 503,530
Total liabilities and shareholders’ equity $ 968,181 $ 950,717