Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts
A summary of activity in the allowance for doubtful accounts is as follows (amounts in thousands):
Balance
Beginning
of Period
Charged
to Expense
Write-Offs
and Other
Balance
End of
Period
Year Ended December 31, 2020 (Successor Company) $ 3,828  $ 8,538  $ (9,270) $ 3,096 
Period from September 1, 2019 through December 31, 2019 (Successor Company)
$ —  $ 3,828  $ —  $ 3,828 
Period from January 1, 2019 through August 31, 2019 (Predecessor Company)
$ 3,759  $ 7,558  $ (11,317) $ — 
Year Ended December 31, 2018 (Predecessor Company) $ 4,162  $ 12,300  $ (12,703) $ 3,759 
Schedule of Useful Lives By Class of Asset Estimated useful lives by class of asset are as follows:
Leasehold improvements
15 years or lease term, if shorter
Computer systems and software
3 - 5 years
Furniture and fixtures
5 - 7 years
Property and equipment consist of the following (amounts in thousands):
  December 31,
2020
December 31,
2019
Property and equipment, net:    
Leasehold improvements $ 547  $ 397 
Computer systems and software 57,126  43,915 
Furniture and fixtures 1,891  1,561 
59,564  45,873 
Accumulated depreciation (17,621) (3,777)
Property and equipment, net $ 41,943  $ 42,096 
Schedule of Future Amortization Expense
Based on subscriber accounts held at December 31, 2020, estimated amortization of subscriber accounts in the succeeding five fiscal years ending December 31 is as follows (amounts in thousands):
2021 $ 183,239 
2022 $ 152,775 
2023 $ 127,371 
2024 $ 106,186 
2025 $ 88,518 
Schedule of Allowance for Expected Credit Losses
The changes in the allowance for expected credit losses on its contract assets for the year ending December 31, 2020 are as follows (amounts in thousands):

Balance as of January 1, 2020 $ — 
Adoption of ASU 2016-13 (1,627)
Adjusted balance as of January 1, 2020 $ (1,627)
Provision for credit losses (2,436)
Write-offs 1,978 
Balance as of December 31, 2020 $ (2,085)

See Note 5, Recent Accounting Pronouncements for further information regarding the adoption of ASU 2016-13.
Schedule of Supplemental Cash Flow Information
Successor Company Predecessor Company
Year Ended December 31, 2020 Period from September 1, 2019 through December 31, 2019 Period from January 1, 2019 through August 31, 2019 Year Ended December 31, 2018
State taxes paid, net $ 2,532  $ —  $ 2,637  $ 2,569 
Interest paid $ 78,954  $ 28,467  $ 72,710  $ 147,632 
Accrued capital expenditures $ 572  $ 1,804  $ 1,405  $ 552 
Earnout Payments liability $ 114,603  $ —  $ —  $ —