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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 158,691 $ 46,256
Term deposits   432
Accounts receivable (net of allowance for doubtful accounts of $34 and $36 as of December 31, 2016 and 2017, respectively) 901 1,022
Inventories 3,549 3,043
Prepaid expenses and other current assets 9,541 9,414
Amounts due from related parties 126 3,816
Total current assets 172,808 63,983
Non-current assets    
Restricted cash 543 372
Property, plant and equipment, net 40,163 29,411
Goodwill 428 401
Long-term investments 256 378
Deferred tax assets 12,430 6,951
Other non-current assets 3,110 2,914
TOTAL ASSETS 229,738 104,410
Current liabilities    
Prepayments from customers, current portion (including prepayments from customers of the consolidated VIE without recourse to the Group of $16,570 and $11,962 as of December 31, 2016 and 2017, respectively) 11,968 16,576
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIE without recourse to the Group of $36,063 and $48,123 as of December 31, 2016 and 2017, respectively) 51,854 36,436
Income tax payable (including income tax payable of the consolidated VIE without recourse to the Group of $5,498 and $10,125 as of December 31, 2016 and 2017, respectively) 10,534 5,869
Deferred revenue, current portion (including deferred revenue of the consolidated VIE without recourse to the Group of $20,446 and $22,327 as of December 31, 2016 and 2017, respectively) 22,666 21,406
Total current liabilities 97,022 80,287
Non-current liabilities    
Prepayments from customers, non-current portion (including prepayments from customers of the consolidated VIE without recourse to the Group of $5,908, and $8,542 as of December 31, 2016 and 2017, respectively) 8,542 5,908
Deferred revenue, non-current portion (including deferred revenue of the consolidated VIE without recourse to the Group of $6,742, and $8,505 as of December 31, 2016 and 2017, respectively) 10,396 8,242
Other non-current liabilities (including other non-current liabilities of the consolidated VIE without recourse to the Group of $6,012 and $8,484 as of December 31, 2016 and 2017, respectively) 8,484 6,012
TOTAL LIABILITIES 124,444 100,449
EQUITY    
Golden share (par value of $0.001 per share; 1 share authorized; 1 and nil share issued and outstanding as of December 31, 2016 and 2017, respectively)
Ordinary shares (par value of $0.001 per share; 99,999,999 shares authorized; 23,163,801 and 29,213,801 shares issued and outstanding as of December 31, 2016 and 2017, respectively) 29 23
Additional paid-in capital 129,134 36,420
Statutory reserve 2,678 2,156
Accumulated other comprehensive income 783 381
Accumulated deficit (28,879) (35,472)
Total RYB Education, Inc. shareholders' equity 103,745 3,508
Noncontrolling interest 1,549 453
TOTAL EQUITY 105,294 3,961
TOTAL LIABILITIES AND EQUITY $ 229,738 $ 104,410