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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 158,072 $ 79,878
Marketable securities 122,729 205,402
Accounts receivable, net of allowance for doubtful accounts of $48 and $146 as of December 31, 2020 and March 31, 2021, respectively 35,582 40,721
Deferred costs 16,149 14,077
Prepaid expenses and other current assets 18,666 14,993
Total current assets 351,198 355,071
Property, equipment and software, net 21,080 18,644
Operating lease right-of-use assets 20,276 21,622
Intangible assets, net 10,313 10,570
Restricted cash 2,548 2,548
Other assets 9,407 9,169
Total assets 414,822 417,624
Current liabilities:    
Educator partners payable 41,360 39,005
Other accounts payable 9,813 12,897
Accrued compensation and benefits 8,354 12,997
Operating lease liabilities, current 7,973 7,926
Deferred revenue, current 85,254 76,080
Other current liabilities 5,052 4,739
Total current liabilities 157,806 153,644
Operating lease liabilities, non-current 16,676 18,305
Other liabilities 623 644
Deferred revenue, non-current 3,513 4,562
Total liabilities 178,618 177,155
Commitments and contingencies (Note 12)
Redeemable convertible preferred stock:    
$0.00001 par value - authorized, 76,420,805 shares as of December 31, 2020 and March 31, 2021; issued and outstanding, 75,305,400 shares as of December 31, 2020 and March 31, 2021; and aggregate liquidation preference, $464,036 as of December 31, 2020 and March 31, 2021 462,293 462,293
Stockholders’ (deficit) equity:    
Common stock $0.00001 par value - authorized, 162,000,000 and shares as of December 31, 2020 and March 31, 2021, respectively; issued and outstanding, 40,301,290 and 43,193,216 shares as of December 31, 2020 and March 31, 2021, respectively
Additional paid-in capital 140,803 126,408
Treasury stock—at cost 2,747,938 shares as of December 31, 2020 and March 31, 2021 (4,701) (4,701)
Accumulated other comprehensive income 23 20
Accumulated deficit (362,214) (343,551)
Total stockholders' deficit (226,089) (221,824)
Total liabilities, redeemable convertible preferred stock, stockholders’ deficit $ 414,822 $ 417,624