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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 147,404 $ 116,454
Restricted cash 3,031 3,055
Accounts receivable, net 8,060 6,525
Current contract assets, net 58,265 70,542
Income tax receivable 2,090 1,345
Other current assets 1,749 4,873
Total current assets 220,599 202,794
Property and equipment, net 2,792 2,663
Operating lease right-of-use assets, net 5,048 5,189
Non-current contract assets, net 49,187 42,414
Deferred tax asset, net 64,949 65,503
Other non-current assets 157 262
Total assets 342,732 318,825
Current liabilities    
Accounts payable 195 1,285
Accrued expenses 5,510 3,984
Current portion of debt 3,125 3,125
Third-party claims administration liability 3,029 3,050
Other current liabilities 550 621
Total current liabilities 12,409 12,065
Long-term debt, net of deferred financing costs 142,437 143,135
Non-current operating lease liabilities 4,508 4,643
Total liabilities 159,354 159,843
Commitments 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 126,217,955 shares outstanding as of March 31, 2022 and 128,198,185 shares issued and 126,212,876 shares outstanding as of December 31, 2021 1,282 1,282
Additional paid-in capital 498,057 496,983
Accumulated deficit (259,285) (282,439)
Treasury stock at cost, 1,980,230 shares at March 31, 2022 and 1,985,309 at December 31, 2021, respectively (56,676) (56,844)
Total stockholders’ equity 183,378 158,982
Total liabilities and stockholders’ equity $ 342,732 $ 318,825
Treasury stock (in shares) 1,980,230 1,985,309