Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 12,759 $ 14,763
Restricted cash 133 238
Trade receivables, net of allowance for doubtful accounts of $2,759 in 2020 and $3,828 in 2019 10,854 12,083
Inventories, net 6,878 5,242
Prepaid and other current assets 20,387 19,953
Total current assets 51,011 52,279
Property and equipment, net of accumulated depreciation of $13,796 in 2020 and $3,777 in 2019 41,516 42,096
Subscriber accounts and deferred contract acquisition costs, net of accumulated amortization of $208,387 in 2020 and $61,771 in 2019 1,089,198 1,064,311
Dealer network and other intangible assets, net of accumulated amortization of $25,748 in 2020 and $7,922 in 2019 118,952 136,778
Goodwill 0 81,943
Deferred income tax asset, net 684 684
Operating lease right-of-use asset 18,345 19,277
Other assets 18,651 21,944
Total assets 1,338,357 1,419,312
Current liabilities:    
Accounts payable 13,369 16,869
Other accrued liabilities 45,806 24,954
Deferred revenue 11,065 12,008
Holdback liability 8,583 8,191
Current portion of long-term debt 8,225 8,225
Total current liabilities 87,048 70,247
Non-current liabilities:    
Long-term debt 979,550 978,219
Long-term holdback liability 1,761 2,183
Operating lease liabilities 15,648 16,195
Other liabilities 66,989 6,390
Total liabilities 1,150,996 1,073,234
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued 0 0
Common stock, $0.01 par value. Authorized 45,000,000 shares; issued and outstanding 22,500,000 shares at both September 30, 2020 and December 31, 2019 225 225
Additional paid-in capital 379,175 379,175
Accumulated deficit (189,779) (33,331)
Accumulated other comprehensive (loss) income, net (2,260) 9
Total stockholders' equity 187,361 346,078
Total liabilities and stockholders' equity $ 1,338,357 $ 1,419,312