v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 15,631 $ 27,966
Restricted cash 18,200 16,193
Accounts receivable, net of allowances of $511 and $484, respectively 45,651 47,433
Prepaid expenses and other current assets 3,642 3,747
Current portion of notes receivable (Note 4) 979 3,442
Settlement assets (Note 3) 1,042 7,207
Total current assets 85,145 105,988
Notes receivable, less current portion (Note 4) 852 3,807
Property, equipment, and software, net (Note 6) 17,482 11,943
Goodwill (Note 5) 109,515 101,532
Intangible assets, net (Note 5) 124,637 42,062
Deferred income tax assets, net (Note 9) 49,692 0
Other non-current assets 1,295 1,375
Total assets 388,618 266,707
Current liabilities:    
Accounts payable and accrued expenses (Note 7) 27,638 18,603
Accrued residual commissions 18,715 23,470
Customer deposits and advance payments 3,282 4,853
Current portion of long-term debt (Note 8) 3,293 7,582
Settlement obligations (Note 3) 11,132 10,474
Current portion of equity repurchase obligation 0 1,500
Total current liabilities 64,060 66,482
Long-term debt, net of discounts and deferred financing costs (Note 8) 402,095 267,939
Warrant liability (Note 8) 0 8,701
Equity repurchase obligation 0 7,690
Other non-current liabilities 7,936 6,050
Total long-term liabilities 410,031 290,380
Total liabilities 474,091 356,862
Commitments and contingencies (Note 10)
Stockholders' equity (deficit): (Note 12)    
Preferred stock, par value $0.001 per share, 100,000,000 and zero shares authorized at December 31, 2018 and 2017, respectively, and zero shares issued and outstanding at December 31, 2018 and 2017 0 0
Common stock, par value of $0.001 per share, 1 billion shares authorized, 67,038,304 and 73,110,114 shares issued and outstanding at December 31, 2018 and 2017, respectively 67 73
Accumulated deficit (85,540) (90,228)
Total stockholders' equity (deficit) (85,473) (90,155)
Total liabilities and stockholders' equity (deficit) $ 388,618 $ 266,707

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