v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 138,200 $ 170,593
Restricted cash 19,286 19,276
Accounts receivable, net 75,411 33,655
Prepaid expenses and other assets 42,103 37,424
Total current assets 275,000 260,948
Property and equipment, net 56,015 57,643
Right-of-use assets 48,675 43,401
Goodwill 404,733 418,350
Amortizable intangible assets, net 324,976 333,075
University payments and other assets, non-current 72,562 73,413
Total assets 1,181,961 1,186,830
Current liabilities    
Accounts payable and accrued expenses 89,198 65,381
Accrued compensation and related benefits 24,167 21,885
Deferred revenue 69,822 48,833
Lease liability 7,858 7,320
Other current liabilities 12,414 12,535
Total current liabilities 203,459 155,954
Long-term debt 244,574 246,620
Deferred tax liabilities, net 3,118 5,133
Lease liability, non-current 73,541 66,974
Other liabilities, non-current 986 899
Total liabilities 525,678 475,580
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized, 63,703,067 shares issued and outstanding as of March 31, 2020; 63,569,109 shares issued and outstanding as of December 31, 2019 64 63
Additional paid-in capital 1,218,632 1,197,379
Accumulated deficit (539,494) (479,388)
Accumulated other comprehensive loss (22,919) (6,804)
Total stockholders’ equity 656,283 711,250
Total liabilities and stockholders’ equity $ 1,181,961 $ 1,186,830