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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 127,011 $ 101,513
Restricted cash 2,631 2,635
Accounts receivable 6,803 4,352
Current contract assets 52,736 50,386
Prepaid expenses 932 1,873
Other current assets 980 2,018
Total current assets 191,093 162,777
Property and equipment, net 1,608 1,201
Operating lease right-of-use assets, net 5,600 5,733
Non-current contract assets 44,482 38,956
Deferred tax asset, net 83,888 85,218
Other non-current assets 124 124
Total assets 326,795 294,009
Current liabilities    
Accounts payable 2,991 3,442
Accrued expenses 3,994 3,033
Income tax payable 4,791 1,640
Current portion of debt 3,125 4,888
Other current liabilities 4,109 4,005
Total current liabilities 19,010 17,008
Notes Payable, Noncurrent 170,212 152,859
Non-current operating lease liabilities 5,019 5,138
Other non-current liabilities 92,369 92,382
Total liabilities 286,610 267,387
Commitment and contingencies
Stockholders’ equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value; 550,000,000 shares authorized, 128,198,185 shares issued and 126,803,096 shares outstanding as of March 31, 2021 and December 31, 2020, respectively 1,282 1,282
Additional paid-in capital 491,947 491,246
Accumulated deficit (415,544) (428,406)
Treasury stock at cost, 1,395,089 shares at March 31, 2021 and December 31, 2020, respectively (37,500) (37,500)
Total stockholders’ equity 40,185 26,622
Total liabilities and stockholders’ equity $ 326,795 $ 294,009
Common stock, shares authorized (in shares) 550,000,000 550,000,000
Common stock, shares issued (in shares) 128,198,185 128,198,185