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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 68,728 $ 104,084
Term deposits 1,005  
Accounts receivable (net of allowance for doubtful accounts of $34 and $92 as of December 31, 2018 and 2019, respectively) 2,804 876
Inventories 7,256 4,811
Prepaid expenses and other current assets 10,279 11,243
Loan receivables - current 1,149 582
Amounts due from related parties 349  
Total current assets 91,570 121,596
Non-current assets    
Restricted cash 710 746
Property, plant and equipment, net 50,142 45,896
Goodwill 52,687 25,096
Intangible assets, net 17,700 4,491
Long-term investments 5,237 4,805
Deferred tax assets 18,161 16,195
Other non-current assets 16,484 24,048
Loan receivables - non-current   582
Operating lease right-of-use assets 83,403  
TOTAL ASSETS 336,094 243,455
Current liabilities    
Prepayments from customers, current portion (including prepayments from customers of the consolidated VIEs without recourse to the Group of $6,647 and $5,904 as of December 31, 2018 and 2019, respectively) 5,904 6,647
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Group of $54,443 and $47,825 as of December 31, 2018 and 2019, respectively) 56,472 60,429
Income tax payable (including income tax payable of the consolidated VIEs without recourse to the Group of $11,298 and $14,364 as of December 31, 2018 and 2019, respectively) 14,929 11,685
Operating lease liabilities, current portion (including operating lease liabilities of the consolidated VIEs without recourse to the Group of $nil and $13,068 as of December 31, 2018 and 2019, respectively) 16,399  
Deferred revenue, current portion (including deferred revenue of the consolidated VIEs without recourse to the Group of $29,578 and $30,266 as of December 31, 2018 and 2019, respectively) 31,993 29,578
Long-term debt, current portion (including long-term debt of the consolidated VIEs without recourse to the Group of $nil and $nil as of December 31, 2018 and 2019, respectively) 87  
Amounts due to related parties (including amounts due to related parties of the consolidated VIEs without recourse to the Group of $nil and $124 as of December 31, 2018 and 2019, respectively) 124  
Total current liabilities 125,908 108,339
Non-current liabilities    
Prepayments from customers, non-current portion (including prepayments from customers of the consolidated VIEs without recourse to the Group of $3,582, and $2,508 as of December 31, 2018 and 2019, respectively) 2,508 3,582
Deferred revenue, non-current portion (including deferred revenue of the consolidated VIEs without recourse to the Group of $5,567, and $4,206 as of December 31, 2018 and 2019, respectively) 5,531 6,915
Other non-current liabilities (including other non-current liabilities of the consolidated VIEs without recourse to the Group of $8,541 and $9,167 as of December 31, 2018 and 2019, respectively) 11,034 8,541
Deferred income tax liabilities (including deferred income tax liabilities of the consolidated VIEs without recourse to the Group of $1,110 and $1,271 as of December 31, 2018 and 2019, respectively) 3,384 1,110
Operating lease liabilities, non-current portion (including operating lease liabilities of the consolidated VIEs without recourse to the Group of $nil and $68,509 as of December 31, 2018 and 2019, respectively) 71,012  
TOTAL LIABILITIES 219,377 128,487
MEZZANINE EQUITY    
Redeemable non-controlling interests 8,801 1,628
EQUITY    
Ordinary shares (par value of $0.001 per share; 99,999,999 shares authorized; 29,213,801 shares issued and outstanding as of December 31, 2018 ; 29,213,801 shares issued and 27,586,346 shares outstanding as of December 31, 2019) 29 29
Treasury stock (12,000)  
Additional paid-in capital 139,843 135,881
Statutory reserve 4,060 3,362
Accumulated other comprehensive (losses) income 141 (122)
Accumulated deficit (33,553) (30,421)
Total RYB Education, Inc. shareholders' equity 98,520 108,729
Non-controlling interest 9,396 4,611
TOTAL EQUITY 107,916 113,340
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY $ 336,094 $ 243,455