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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 75,209 $ 92,687
Restricted cash included in funds held by trustee 4,303 3,639
Accounts receivable, net of allowance for doubtful accounts of $497 as of September 30, 2024 and $511 as of December 31, 2023 18,892 22,206
Contract asset, net (note 10) 0 1,417
Inventory 4,812 6,786
Prepaid expenses and deposits 16,453 17,387
Derivative instrument asset (note 4) 708 2,277
Deferred costs of fulfillment, current portion (note 11) 100,681 95,649
Income taxes recoverable 524 709
Total current assets 221,582 242,757
Deferred costs of fulfillment, long-term portion (note 11) 15,548 15,419
Investments 2,012 2,012
Restricted cash included in secured notes reserve funds 11,579 8,652
Property and equipment, net 355,689 339,644
Right of use lease asset 33,794 27,467
Contract costs 2,445 2,581
Intangible assets, net (note 5) 25,968 29,484
Goodwill (note 5) 130,410 130,410
Total assets 799,027 798,426
Current liabilities:    
Accounts payable 9,128 12,676
Accrued liabilities 29,859 35,356
Customer deposits 17,187 19,335
Operating lease liability, current portion (note 12) 5,551 5,397
Deferred revenue, current portion (note 10) 134,745 126,733
Accreditation fees payable 627 609
Income taxes payable 1,775 1,235
Total current liabilities 198,872 201,341
Deferred revenue, long-term portion (note 10) 21,284 21,350
Operating lease liability, long-term portion (note 12) 23,949 18,255
Syndicated revolver (note 6) 196,261 210,354
Notes payable (note 7) 286,641 222,895
Deferred tax liability 2,966 2,966
Stockholders' deficit (note 14)    
Common stock - no par value, 250,000,000 shares authorized; 10,985,238 shares issued and outstanding as of September 30, 2024 and 10,903,405 shares issued and outstanding as of December 31, 2023 (note 14) 36,142 34,373
Additional paid-in capital 17,930 14,072
Accumulated deficit (107,683) (40,298)
Accumulated other comprehensive income (note 4) 537 1,728
Total stockholders' deficit (53,074) 9,875
Total liabilities and stockholders' deficit 799,027 798,426
Contingencies (note 20)
Series A Preferred Units [Member]    
Current liabilities:    
Total Redeemable preferred units $ 122,128 $ 111,390