v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 194,803 $ 170,593
Restricted cash 18,228 19,276
Accounts receivable, net 71,580 33,655
Prepaid expenses and other assets 40,378 37,424
Total current assets 324,989 260,948
Property and equipment, net 55,066 57,643
Right-of-use assets 49,813 43,401
Goodwill 406,340 418,350
Amortizable intangible assets, net 320,559 333,075
University payments and other assets, non-current 75,793 73,413
Total assets 1,232,560 1,186,830
Current liabilities    
Accounts payable and accrued expenses 84,541 65,381
Accrued compensation and related benefits 29,090 21,885
Deferred revenue 77,071 48,833
Lease liability 8,484 7,320
Other current liabilities 13,785 12,535
Total current liabilities 212,971 155,954
Long-term debt 263,129 246,620
Deferred tax liabilities, net 2,424 5,133
Lease liability, non-current 73,592 66,974
Other liabilities, non-current 1,073 899
Total liabilities 553,189 475,580
Commitments and contingencies (Note 6)
Stockholders' Equity Attributable to Parent [Abstract]    
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, 64,300,599 shares issued and outstanding as of June 30, 2020; 63,569,109 shares issued and outstanding as of December 31, 2019 64 63
Additional paid-in capital 1,306,483 1,197,379
Accumulated deficit (605,661) (479,388)
Accumulated other comprehensive loss (21,515) (6,804)
Total stockholders’ equity 679,371 711,250
Total liabilities and stockholders’ equity $ 1,232,560 $ 1,186,830