Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 12,821 $ 12,525
Accounts receivable (net of allowance for doubtful accounts of $13,700 and $13,699, respectively) 60,427 55,512
Inventories 7,474 6,253
Other current assets 4,241 4,535
Total current assets 84,963 78,825
Property and equipment (net of accumulated depreciation of $40,530 and $27,102, respectively) 36,504 34,036
Intangible assets, net 74,165 77,064
Goodwill 147,019 147,019
Other assets 689 174
Total assets 343,340 337,118
Current liabilities    
Accounts payable 10,450 16,782
Accrued compensation 9,482 8,351
Accrued expenses and other liabilities 6,144 4,247
Short-term portion of car loans 49 92
Short-term portion of capital leases 5,190 4,891
Short-term portion of term loan 3,750 3,750
Total current liabilities 35,065 38,113
Long-term liabilities    
Long-term portion of car loans 20 110
Long-term portion of capital leases 5,283 5,378
Long-term portion of term loan, net 66,616 70,149
Revolving credit facility, net 24,516 21,799
Deferred income tax liability, net 6,307 14,973
Total long-term liabilities 102,742 112,409
Total liabilities 137,807 150,522
Commitments and contingencies - see Note L
Redeemable convertible preferred stock:    
Series A Redeemable Convertible Preferred Stock, $0.001 par value, (50,000,000 shares authorized; and 6,864,000 and 6,600,000 shares issued and outstanding, respectively) 32,615 22,873
Stockholders' equity    
Common stock, $.001 par value, (250,000,000 shares authorized; 80,462,574 and 78,571,158 shares issued and outstanding, respectively) 80 79
Additional paid-in capital 230,030 216,104
Accumulated other comprehensive income 274  
Accumulated deficit (57,466) (52,460)
Total stockholders’ equity 172,918 163,723
Total liabilities, redeemable convertible preferred stock and stockholders' equity $ 343,340 $ 337,118