Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 77,492 $ 162,092
Restricted cash 0 1,310
Accounts receivable, net of allowance for credit losses of $5,027 and $5,812 at June 30, 2023 and December 31, 2022, respectively 142,400 136,656
Prepaid expenses and other current assets 19,178 18,745
Total current assets 239,070 318,803
Property and equipment, net 8,210 9,045
Right-of-use assets, net 5,368 8,423
Intangible assets, net 304,019 331,598
Goodwill 813,439 809,463
Cloud computing software, net 40,313 35,230
Deferred tax assets 78,543 74,236
Other non-current assets 20,609 18,949
Total assets 1,509,571 1,605,747
Current liabilities    
Accounts payable 10,539 11,571
Accrued expenses and other current liabilities 96,920 75,208
Accrued salaries and payroll 28,085 31,075
Debt, current portion 8,350 8,350
Total current liabilities 143,894 126,204
Debt, long-term portion 680,508 683,206
Tax receivable agreement liability, long-term portion 183,504 210,543
Deferred taxes liabilities 5,513 5,748
Other non-current liabilities 9,753 11,728
Total liabilities 1,023,172 1,037,429
Commitments and contingent liabilities (Note 12)
Preferred stock, $0.001 par value, authorized 100,000,000 shares; none issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value, authorized 1,000,000,000 shares; 79,850,295 and 79,660,397 shares issued, and 70,326,266 and 78,131,568 shares outstanding as of June 30, 2023 and December 31, 2022, respectively 80 80
Additional paid-in capital 815,411 805,799
Treasury stock, at cost; 9,524,029 and 1,528,829 shares repurchased at June 30, 2023 and December 31, 2022, respectively (102,889) (16,827)
Accumulated deficit (221,189) (215,790)
Accumulated other comprehensive loss (5,014) (4,944)
Total stockholders’ equity 486,399 568,318
Total liabilities and stockholders’ equity $ 1,509,571 $ 1,605,747