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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 167,695 $ 116,454
Restricted cash 3,412 3,055
Accounts receivable, net 6,960 6,525
Current contract assets, net 73,338 70,542
Income tax receivable 4,309 1,345
Other current assets 3,341 4,873
Total current assets 259,055 202,794
Property and equipment, net 2,791 2,663
Operating lease right-of-use assets, net 4,904 5,189
Non-current contract assets, net 33,410 42,414
Deferred tax asset, net 66,501 65,503
Other non-current assets 152 262
Total assets 366,813 318,825
Current liabilities    
Accounts payable 421 1,285
Accrued expenses 6,105 3,984
Current portion of debt 3,906 3,125
Third-party claims administration liability 3,037 3,050
Other current liabilities 546 621
Total current liabilities 14,015 12,065
Long-term debt, net of deferred financing costs 140,959 143,135
Non-current operating lease liabilities 4,371 4,643
Total liabilities 159,345 159,843
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 126,225,550 shares outstanding as of June 30, 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 498,745 496,983
Accumulated deficit (236,159) (282,439)
Treasury stock at cost, 1,972,635 shares at June 30, 2022 and 1,985,309 at December 31, 2021, respectively (56,400) (56,844)
Total stockholders’ equity 207,468 158,982
Total liabilities and stockholders’ equity $ 366,813 $ 318,825