XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 307,392 $ 213,774
Restricted cash 88 138
Accounts receivable (net of allowance for doubtful accounts of $1,284 and $1,036 at September 30, 2024 and December 31, 2023, respectively) 143,020 142,690
Prepaid expenses and other current assets 13,667 13,426
Income tax receivable 2,808 3,710
Total current assets 466,975 373,738
Property and equipment, net 55,403 79,441
Goodwill 822,277 820,654
Trade name, net 60,990 66,229
Customer lists, net 238,821 275,528
Other intangible assets, net 1,898 2,257
Deferred tax asset, net 3,172 2,786
Other assets 7,598 10,021
TOTAL ASSETS 1,657,134 1,630,654
CURRENT LIABILITIES    
Accounts payable 71,108 47,024
Accrued compensation 18,687 16,379
Accrued liabilities 22,962 16,162
Current portion of operating lease liability 2,566 3,354
Income tax payable 3,534 264
Deferred revenues 2,495 1,856
Total current liabilities 121,352 85,039
Long-term debt (net of deferred financing costs of $4,880 and $6,268 at September 30, 2024 and December 31, 2023, respectively) 559,844 558,456
Deferred tax liability, net 48,181 71,274
Operating lease liability, less current portion 4,340 5,931
Other liabilities 2,703 3,221
Total liabilities 736,420 723,921
COMMITMENTS AND CONTINGENCIES (Note 12)
EQUITY    
Common stock - $0.001 par value; 1,000,000,000 shares authorized, 145,558,948 and 145,074,802 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 146 145
Additional paid-in-capital 998,707 977,290
Accumulated deficit (59,442) (49,545)
Accumulated other comprehensive loss (18,697) (21,157)
Total equity 920,714 906,733
TOTAL LIABILITIES AND EQUITY $ 1,657,134 $ 1,630,654