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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 23,275 $ 26,485
Restricted cash 7 7
Accounts receivable and unbilled, net (includes $3.8 million and $1.0 million with related parties at December 31, 2018 and 2017, respectively) 133,449 83,079
Prepaid expenses and other current assets 21,383 20,400
Total current assets 178,114 129,971
Property and equipment, net 52,255 48,739
Goodwill 660,981 660,981
Intangible assets, net 69,179 98,740
Deferred income taxes 713 6,343
Other assets 6,691 5,943
Total assets 967,933 950,717
Current liabilities:    
Accounts payable (includes $0.3 million and $0.2 million with related parties at December 31, 2018 and 2017, respectively) 16,737 16,674
Accrued expenses 87,493 23,673
Pre-funded study costs (includes $1.0 million with related parties at December 31, 2017) 0 57,406
Advanced billings (includes $0.4 million and $1.7 million with related parties at December 31, 2018 and 2017, respectively) 147,935 73,756
Current portion of long-term debt 0 16,500
Other current liabilities 4,861 4,697
Total current liabilities 257,026 192,706
Long-term debt, net, less current portion 79,721 205,111
Deemed landlord liability, less current portion 24,484 26,602
Deferred income tax liability 439 560
Deferred credit 3,756 11,468
Other long-term liabilities 12,804 10,740
Total liabilities 378,230 447,187
Commitments and contingencies (see Note 9)
Shareholders’ equity:    
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2018 and 2017, respectively 0 0
Common stock - $0.01 par-value; 250,000,000 shares authorized at December 31, 2018 and 2017, respectively; 35,665,910 and 35,466,510 shares issued and outstanding at December 31, 2018 and 2017, respectively 356 355
Treasury stock - 200,000 shares at December 31, 2018 and 2017, respectively (6,030) (6,030)
Additional paid-in capital 639,381 630,341
Accumulated deficit (41,487) (120,402)
Accumulated other comprehensive loss (2,517) (734)
Total shareholders’ equity 589,703 503,530
Total liabilities and shareholders’ equity $ 967,933 $ 950,717