XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 241,720 $ 189,158
Accounts receivable (net of allowance of $1,119 and $1,107 at September 30, 2022 and December 31, 2021, respectively) 38,174 50,499
Deferred commissions, current 10,091 9,824
Unbilled receivables 5,991 4,801
Prepaid expenses and other current assets 12,679 8,709
Total current assets 308,655 262,991
Tax credits receivable 3,256 3,345
Property and equipment, net 2,040 2,667
Operating lease right-of-use asset 6,395 6,454
Intangible assets, net 254,040 279,920
Goodwill 479,642 457,472
Deferred commissions, noncurrent 14,321 14,808
Interest rate swap assets 43,947 0
Other assets 1,332 1,350
Total assets 1,113,628 1,029,007
Current liabilities:    
Accounts payable 20,157 20,362
Accrued compensation 10,050 9,829
Accrued expenses and other current liabilities 10,658 9,086
Deferred revenue 98,676 102,847
Liabilities due to sellers of businesses 5,941 7,607
Operating lease liabilities, current 3,601 3,546
Current maturities of notes payable (includes unamortized discount of $2,269 and $2,233 at September 30, 2022 and December 31, 2021, respectively) 3,131 3,167
Total current liabilities 152,214 156,444
Notes payable, less current maturities (includes unamortized discount of $5,765 and $7,287 at September 30, 2022 and December 31, 2021, respectively) 512,635 515,163
Deferred revenue, noncurrent 3,028 2,058
Operating lease liabilities, noncurrent 5,504 6,773
Noncurrent deferred tax liability, net 19,080 22,793
Interest rate swap liabilities 0 8,409
Other long-term liabilities 1,168 1,079
Total liabilities 693,629 712,719
Series A Convertible Preferred stock, 0.0001 par value; 5,000,000 shares authorized: 115,000 shares issued and outstanding as of September 30, 2022; no shares issued and outstanding as of December 31, 2021, respectively. 111,066 0
Stockholders’ equity:    
Common stock, $0.0001 par value; 50,000,000 shares authorized: 31,777,122 and 31,096,548 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively) 3 3
Additional paid-in capital 600,892 568,384
Accumulated other comprehensive loss (5,640) (11,514)
Accumulated deficit (286,322) (240,585)
Total stockholders’ equity 308,933 316,288
Total liabilities, convertible preferred stock and stockholders’ equity $ 1,113,628 $ 1,029,007