v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Statement of Financial Position [Abstract]    
Cash $ 5,519  
Current Assets:    
Cash   $ 15,631
Restricted cash 21,693 18,200
Accounts receivable, net of allowance for doubtful accounts of $520 and $511 49,564 45,651
Prepaid expenses and other current assets 3,700 3,642
Current portion of notes receivable 1,115 979
Settlement assets 1,291 1,042
Total current assets 82,882 85,145
Notes receivable, less current portion 3,812 852
Property, equipment, and software, net 21,032 17,482
Goodwill 109,515 109,515
Intangible assets, net 195,884 124,637
Deferred income taxes, net 45,470 49,692
Other non-current assets 1,719 1,295
Total assets 460,314 388,618
Current liabilities:    
Accounts payable and accrued expenses 23,509 27,638
Accrued residual commissions 18,675 18,715
Customer deposits and advance payments 3,625 3,282
Borrowings outstanding under revolving credit facility 14,000 0
Current portion of long-term debt 4,007 3,293
Settlement obligations 16,565 11,132
Total current liabilities 80,381 64,060
Long-term debt, net of current portion, discounts and debt issuance costs 472,503 402,095
Other non-current liabilities 8,030 7,936
Total long-term liabilities 480,533 410,031
Total liabilities 560,914 474,091
Commitments and Contingencies (Notes 9 and 10)
Stockholders' deficit:    
Common stock 67 67
Additional paid-in capital 2,183 0
Treasury stock, at cost (2,388) 0
Accumulated deficit (106,116) (85,540)
Total Priority Technology Holdings, Inc. stockholders' deficit (106,254) (85,473)
Non-controlling interest 5,654 0
Total stockholders' deficit (100,600) (85,473)
Total liabilities and stockholders' deficit $ 460,314 $ 388,618

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