v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 162,266 $ 179,183
Accounts receivable, net of allowance for credit losses of $2,315 and $2,164, respectively 97,508 102,189
Prepaid expenses and other current assets 21,619 29,480
Total current assets 281,393 310,852
Other assets:    
Property and equipment, net 1,951 2,167
Operating lease right-of-use assets 12,705 13,841
Goodwill 772,322 757,038
Intangible assets, net of accumulated amortization of $380,019 and $338,809, respectively 469,280 485,214
Deferred income taxes 3,961 3,961
Other long-term assets 1,834 2,031
Total assets 1,543,446 1,575,104
Current liabilities:    
Accounts payable 5,477 3,502
Accrued expenses 47,399 56,451
Current portion of deferred revenue 70,238 77,829
Current portion of long-term debt 3,000 3,000
Other current liabilities 4,322 5,306
Total current liabilities 130,436 146,088
Long-term liabilities:    
Deferred revenue, net of current portion 977 1,049
Deferred income taxes 36,561 40,421
Operating lease liabilities, net of current portion 9,366 11,166
Long-term debt, net of current portion and debt discount 291,170 292,425
Other long-term liabilities 4,357 25,299
Total liabilities 472,867 516,448
Commitments and contingencies (refer to note 10)
Stockholders' equity    
Preferred shares, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0
Common shares, $0.01 par value, 600,000,000 shares authorized, 163,856,290 and 161,958,810 shares issued, 160,614,890 and 161,009,112 shares outstanding as of June 30, 2025 and December 31, 2024, respectively 1,639 1,620
Additional paid-in capital 1,237,891 1,216,925
Accumulated deficit (125,506) (128,281)
Accumulated other comprehensive income (loss) 4,949 (13,424)
Treasury stock at cost, 3,241,400 and 949,698 shares at June 30, 2025 and December 31, 2024, respectively (48,394) (18,184)
Total stockholders' equity 1,070,579 1,058,656
Total liabilities and stockholders' equity $ 1,543,446 $ 1,575,104