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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 29,823 $ 48,088
Accounts receivable (less allowance for doubtful accounts of $5,075 and $4,578 as of June 30, 2019 and December 31, 2018, respectively) 3,194 3,050
Prepaid corporate income taxes 808 746
Prepaid expenses and other current assets 10,013 10,047
Total current assets 43,838 61,931
Fixed assets, net 160,565 157,677
Operating lease right-of-use assets, net 591,674  
Goodwill 32,811 21,877
Intangible assets, net 9,935 9,439
Deferred membership costs 1,166 1,803
Other assets 7,606 8,727
Total assets 847,595 261,454
Current liabilities:    
Current portion of long-term debt 13,669 21,080
Current portion of mortgage and term loan 193 314
Current portion of operating lease liabilities 72,709  
Accounts payable 4,987 3,672
Accrued expenses 31,862 32,547
Accrued interest 992 34
Deferred revenue 40,195 37,459
Total current liabilities 164,607 95,106
Long-term debt 180,255 178,002
Long-term mortgage and term loan 5,139 5,113
Long-term operating lease liabilities 562,063  
Deferred lease liabilities 0 44,374
Deferred revenue 58 258
Other liabilities 9,880 11,298
Total liabilities 922,002 334,151
Commitments and Contingencies (Note 14)
Stockholders’ deficit:    
Preferred stock, $0.001 par value; no shares issued and outstanding at both June 30, 2019 and December 31, 2018
Common stock, $0.001 par value; issued and outstanding 27,970,331 and 27,192,154 shares at June 30, 2019 and December 31, 2018, respectively 26 25
Additional paid-in capital 308 (1,644)
Accumulated other comprehensive income 1,933 1,841
Accumulated deficit (76,708) (73,212)
Total Town Sports International Holdings, Inc. and Subsidiaries stockholders’ deficit (74,441) (72,990)
Non-controlling interests 34 293
Total stockholders’ deficit (74,407) (72,697)
Total liabilities and stockholders’ deficit $ 847,595 $ 261,454