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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 57,154 $ 101,513
Restricted cash 2,891 2,635
Accounts receivable 7,569 4,352
Current contract assets 61,032 50,386
Income tax receivable 80 0
Prepaid expenses 4,390 1,873
Other current assets 634 2,018
Total current assets 133,750 162,777
Property and equipment, net 2,581 1,201
Operating lease right-of-use assets, net 5,465 5,733
Non-current contract assets 50,901 38,956
Deferred tax asset, net 68,315 85,218
Other non-current assets 124 124
Total assets 261,136 294,009
Current liabilities    
Accounts payable 1,987 3,442
Accrued expenses 5,070 3,033
Income tax payable 0 1,640
Current portion of debt 3,125 4,888
Other current liabilities 4,460 4,005
Total current liabilities 14,642 17,008
Long-term debt, net of deferred financing costs 144,518 152,859
Non-current operating lease liabilities 4,898 5,138
Tax receivable agreement liability 0 92,369
Other non-current liabilities 0 13
Total liabilities 164,058 267,387
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 126,190,351 shares outstanding as of June 30, 2021 and 128,198,185 shares issued and 126,803,096 shares outstanding as of December 31, 2020 1,282 1,282
Additional paid-in capital 492,874 491,246
Accumulated deficit (339,578) (428,406)
Treasury stock at cost, 2,007,834 shares at June 30, 2021 and 1,395,089 at December 31, 2020, respectively (57,500) (37,500)
Total stockholders’ equity 97,078 26,622
Total liabilities and stockholders’ equity $ 261,136 $ 294,009