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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 201,807 $ 116,454
Restricted cash 3,349 3,055
Accounts receivable, net 6,654 6,525
Current contract assets, net 65,555 70,542
Income tax receivable 2,329 1,345
Other current assets 3,515 4,873
Total current assets 283,209 202,794
Property and equipment, net 2,789 2,663
Operating lease right-of-use assets, net 4,758 5,189
Non-current contract assets, net 34,385 42,414
Deferred tax asset, net 73,363 65,503
Other non-current assets 459 262
Total assets 398,963 318,825
Current liabilities    
Accounts payable 183 1,285
Accrued expenses 8,838 3,984
Current portion of debt 3,750 3,125
Third-party claims administration liability 3,358 3,050
Other current liabilities 851 621
Total current liabilities 16,980 12,065
Long-term debt, net of deferred financing costs 144,478 143,135
Non-current operating lease liabilities 4,231 4,643
Total liabilities 165,689 159,843
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value; 550,000,000 shares authorized, 128,198,185 shares issued and 126,230,762 shares outstanding as of September 30, 2022 and 128,198,185 shares issued and 126,212,876 shares outstanding as of December 31, 2021 1,282 1,282
Additional paid-in capital 499,843 496,983
Accumulated deficit (211,630) (282,439)
Treasury stock at cost, 1,967,423 shares as of September 30, 2022 and 1,985,309 shares as of December 31, 2021 (56,221) (56,844)
Total stockholders’ equity 233,274 158,982
Total liabilities and stockholders’ equity $ 398,963 $ 318,825