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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 138,284 $ 189,158
Accounts receivable (net of allowance of $951 and $1,107 at June 30, 2022 and December 31, 2021, respectively) 35,120 50,499
Deferred commissions, current 10,467 9,824
Unbilled receivables 5,202 4,801
Prepaid expenses and other current assets 16,739 8,709
Total current assets 205,812 262,991
Tax credits receivable 3,383 3,345
Property and equipment, net 2,165 2,667
Operating lease right-of-use asset 6,566 6,454
Intangible assets, net 277,001 279,920
Goodwill 492,481 457,472
Deferred commissions, noncurrent 15,400 14,808
Interest rate swap assets 25,959 0
Other assets 1,279 1,350
Total assets 1,030,046 1,029,007
Current liabilities:    
Accounts payable 21,262 20,362
Accrued compensation 12,841 9,829
Accrued expenses and other current liabilities 13,829 9,086
Deferred revenue 103,442 102,847
Liabilities due to sellers of businesses 12,157 7,607
Operating lease liabilities, current 3,840 3,546
Current maturities of notes payable (includes unamortized discount of $2,233 and $2,233 at June 30, 2022 and December 31, 2021, respectively) 3,167 3,167
Total current liabilities 170,538 156,444
Notes payable, less current maturities (includes unamortized discount of $6,192 and $7,287 at June 30, 2022 and December 31, 2021, respectively) 513,558 515,163
Deferred revenue, noncurrent 3,967 2,058
Operating lease liabilities, noncurrent 6,369 6,773
Noncurrent deferred tax liability, net 22,678 22,793
Interest rate swap liabilities 0 8,409
Other long-term liabilities 1,006 1,079
Total liabilities 718,116 712,719
Stockholders’ equity:    
Common stock, $0.0001 par value; 50,000,000 shares authorized: 31,632,628 and 31,096,548 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively) 3 3
Additional paid-in capital 594,080 568,384
Accumulated other comprehensive loss (2,344) (11,514)
Accumulated deficit (279,809) (240,585)
Total stockholders’ equity 311,930 316,288
Total liabilities and stockholders’ equity $ 1,030,046 $ 1,029,007