XML 18 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 106,573 $ 133,400
Accounts receivable, net 315,283 377,240
Prepaid expenses and other current assets 10,825 5,763
TOTAL CURRENT ASSETS 432,681 516,403
Property and equipment, net 16,057 14,779
Deferred taxes, net 1,778 1,778
Other assets, non-current 4,751 4,636
TOTAL ASSETS 455,267 537,596
Current liabilities:    
Accounts payable 231,524 321,163
Accrued expenses and other current liabilities 21,371 22,973
TOTAL CURRENT LIABILITIES 252,895 344,136
Debt, net 25,847 25,847
Other liabilities, non-current 4,594 3,233
TOTAL LIABILITIES 283,336 373,216
Commitments and contingencies (Note 10)
STOCKHOLDERS' EQUITY    
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of March 31, 2017 and December 31, 2016
Common stock, par value $0.000001; 1,000,000 Class A shares authorized as of March 31, 2017 and December 31, 2016; 21,399 and 10,071 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively; 95,000 Class B shares authorized as of March 31, 2017 and December 31, 2016; 18,389 and 29,060 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 0 0
Additional paid-in capital 181,840 179,198
Accumulated deficit (9,909) (14,818)
TOTAL STOCKHOLDERS' EQUITY 171,931 164,380
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 455,267 $ 537,596