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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS:    
Cash and cash equivalents $ 18,679 $ 17,769
Accounts receivable, net of allowance for doubtful accounts of $1,967 and $1,751, respectively 60,915 48,652
Prepaid expenses and other current assets 1,921 1,971
Total current assets 81,515 68,392
Restricted cash 1,480 1,480
Property and equipment, net 2,863 1,380
Operating lease right-of-use assets 9,865
Intangible assets, net 55,603 61,812
Goodwill 164,774 159,791
Other non-current assets 993 414
Total assets 317,093 293,269
LIABILITIES AND SHAREHOLDERS’ EQUITY:    
Accounts payable 21,574 7,855
Accrued expenses and other current liabilities 20,358 21,566
Deferred revenue 1,140 444
Current portion of long-term debt 6,873 3,500
Current portion of operating lease liability 2,282
Total current liabilities 52,227 33,365
Long-term debt, net 44,098 51,972
Operating lease liability, net 9,056
Other non-current liabilities 775 766
Total liabilities 106,156 86,103
Shareholders' equity:    
Preferred stock — $0.0001 par value, 10,000,000 Shares authorized; Shares outstanding — 0 shares for both periods
Common stock — $0.0005 par value, 200,000,000 Shares authorized; Shares issued — 78,642,078 and 76,525,581, respectively; and Shares outstanding — 75,873,679 and 75,292,383, respectively 39 38
Treasury stock, at cost — 2,768,399 and 1,233,198 shares, respectively (8,184) (3,272)
Additional paid-in capital 406,198 395,769
Accumulated deficit (187,116) (185,369)
Total shareholders’ equity 210,937 207,166
Total liabilities and shareholders’ equity $ 317,093 $ 293,269