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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 50,964 $ 103,095
Accounts receivable (net of allowance of $3,200 and $3,248 as of December 31, 2022 and March 31, 2023, respectively) 147,123 139,579
Insurance receivable 922 921
Prepaid expenses 11,201 13,433
Other current assets 16,563 13,654
Total current assets 226,773 270,682
Property and equipment, net 9,600 10,341
Goodwill 877,212 849,609
Intangible assets, net 263,109 241,036
Deferred income taxes 4,518 4,452
Operating leases right-of-use asset 19,652 20,084
Other noncurrent assets, net 11,518 11,050
TOTAL ASSETS 1,412,382 1,407,254
CURRENT LIABILITIES:    
Accounts payable 42,132 38,372
Litigation settlement obligation 3,850 4,165
Accrued expenses 57,091 67,047
Current portion of long-term debt 9,375 7,500
Operating leases liability, current portion 3,565 3,717
Other current liabilities 13,974 12,939
Total current liabilities 129,987 133,740
Long-term debt, net 490,434 493,990
Deferred income taxes 30,102 23,707
Long-term operating leases liability, net of current portion 16,574 16,835
Other liabilities 12,681 2,336
Total liabilities 679,778 670,608
COMMITMENTS AND CONTINGENCIES (NOTE 13)
STOCKHOLDERS’ EQUITY:    
Preferred stock ($0.01 par value; 100,000,000 shares authorized; no shares issued or outstanding) 0 0
Common stock ($0.01 par value; 1,000,000,000 shares authorized; 97,765,120 shares issued and 96,717,883 shares outstanding as of December 31, 2022; 99,663,997 shares issued and 98,085,706 shares outstanding as of March 31, 2023) 95 76
Additional paid-in capital 950,813 942,789
Common stock held in treasury (1,047,237 and 1,578,291 shares as of December 31, 2022 and March 31, 2023, respectively) (23,058) (14,859)
Accumulated deficit (185,857) (186,448)
Accumulated other comprehensive loss (9,389) (4,912)
Total stockholders’ equity 732,604 736,646
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,412,382 $ 1,407,254