| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||
Current assets | |||||||||||||
Cash and cash equivalents | |||||||||||||
50,000 | 9,600 | 13,600 | 12,400 | 10,900 | 20,500 | 13,800 | 34,500 | 27,000 | 10,900 | 14,021 | 9,945 | 15,850 | 14,900 |
Trade and other receivables, net of allowance for doubtful accounts of $0.7 million as of March 31, 2020 and December 31, 2019 | |||||||||||||
61,000 | 60,100 | 76,300 | 75,300 | 94,100 | 62,700 | 85,900 | 79,300 | 103,800 | 62,700 | 96,228 | 70,031 | 84,845 | 57,600 |
Prepaid expenses | |||||||||||||
6,500 | 24,000 | 12,700 | 13,100 | 10,500 | 19,800 | 13,400 | 13,200 | 11,800 | 19,900 | 11,364 | 14,011 | 14,097 | 23,000 |
Total current assets | |||||||||||||
117,500 | 93,700 | 102,600 | 100,800 | 115,500 | 103,000 | 113,100 | 127,000 | 142,600 | 93,500 | 121,613 | 93,987 | 114,792 | 95,500 |
Noncurrent assets | |||||||||||||
Property and equipment, net | |||||||||||||
4,500 | 4,200 | 3,800 | 3,600 | 3,600 | 3,700 | 3,800 | 3,900 | 3,900 | 3,800 | 3,471 | 3,626 | 3,720 | 3,800 |
Intangible assets, net | |||||||||||||
302,500 | 373,800 | 380,700 | 409,900 | 422,500 | 435,300 | 528,700 | 523,800 | 534,700 | 545,000 | 529,751 | 540,298 | 544,914 | 541,200 |
Goodwill | |||||||||||||
416,300 | 980,300 | 1,027,200 | 1,036,500 | 1,036,500 | 1,036,500 | 1,005,800 | 993,100 | 993,100 | 993,700 | 971,537 | 971,537 | 960,683 | 930,300 |
Right-of-use lease assets | |||||||||||||
17,400 | 18,300 | 18,700 | 18,900 | 19,100 | - | - | - | - | - | - | - | - | - |
Other noncurrent assets | |||||||||||||
2,900 | 1,400 | 1,300 | 1,700 | 1,700 | 1,500 | 1,700 | 1,600 | 1,900 | 1,900 | 1,658 | 2,010 | 977 | 1,700 |
Total assets | |||||||||||||
861,100 | 1,471,700 | 1,534,300 | 1,571,400 | 1,598,900 | 1,580,000 | 1,653,100 | 1,649,400 | 1,676,200 | 1,637,900 | 1,628,030 | 1,611,458 | 1,625,086 | 1,572,500 |
Liabilities and Shareholders’ Equity | |||||||||||||
Current liabilities | |||||||||||||
Accounts payable and other current liabilities | |||||||||||||
34,500 | 22,200 | 40,200 | 32,400 | 44,400 | 30,500 | 35,200 | 31,400 | 41,700 | 25,000 | 44,191 | 36,446 | 43,499 | 28,200 |
Cancelled event liabilities | |||||||||||||
72,100 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred revenues | |||||||||||||
86,000 | 187,300 | 149,000 | 162,200 | 173,900 | 192,400 | 158,200 | 180,200 | 179,700 | 192,600 | 143,743 | 160,979 | 153,240 | 171,600 |
Revolving credit facility, short-term | |||||||||||||
- | 10,000 | 6,000 | 5,000 | 25,000 | 40,000 | - | - | - | - | - | - | 15,000 | - |
Right-of-use lease liabilities, current portion | |||||||||||||
4,300 | 4,100 | 3,900 | 4,100 | 3,900 | - | - | - | - | - | - | - | - | - |
Term loan, current portion | |||||||||||||
5,700 | 5,700 | 5,700 | 5,700 | 5,700 | 5,700 | 5,700 | 5,700 | 5,700 | 5,700 | 5,650 | 5,650 | 8,744 | 8,800 |
Total current liabilities | |||||||||||||
202,600 | 229,300 | 204,800 | 209,400 | 252,900 | 268,600 | 199,100 | 217,300 | 227,100 | 223,300 | 193,584 | 203,075 | 220,483 | 208,600 |
Noncurrent liabilities | |||||||||||||
Revolving credit facility, long-term | |||||||||||||
50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Term loan, net of discount and deferred financing fees | |||||||||||||
518,600 | 519,700 | 520,800 | 522,000 | 523,100 | 524,200 | 525,400 | 526,500 | 547,400 | 548,500 | 549,023 | 550,135 | 691,889 | 693,300 |
Deferred tax liabilities, net | |||||||||||||
2,100 | 60,000 | 75,300 | 79,500 | 70,700 | 75,400 | 105,400 | 100,400 | 100,700 | 100,200 | 163,224 | 151,046 | 154,227 | 140,100 |
Right-of-use lease liabilities, noncurrent portion | |||||||||||||
14,700 | 15,700 | 16,200 | 16,000 | 16,600 | - | - | - | - | - | - | - | - | - |
Other noncurrent liabilities | |||||||||||||
6,300 | 6,800 | 2,300 | 2,500 | 2,700 | 3,500 | 2,700 | 2,600 | 2,900 | 4,700 | 1,714 | 1,616 | 1,638 | 2,800 |
Total liabilities | |||||||||||||
794,300 | 831,500 | 819,400 | 829,400 | 866,000 | 871,700 | 832,600 | 846,800 | 878,100 | 876,700 | 907,545 | 905,872 | 1,068,237 | 1,044,800 |
Commitments and contingencies (Note 12) | |||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 |
Shareholders’ equity | |||||||||||||
Preferred stock, $0.01 par value; authorized shares: 80,000 at March 31, 2020 and December 31, 2019: no shares issued and outstanding at March 31, 2020 and December 31, 2019 | |||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - | 0 |
Common stock, $0.01 par value; authorized shares: 800,000 at March 31, 2020 and December 31, 2019; issued and outstanding shares: 71,441 and 71,851 at March 31, 2020 and December 31, 2019, respectively | |||||||||||||
700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | 722 | 722 | 619 | 600 |
Additional paid-in capital | |||||||||||||
697,900 | 701,100 | 698,400 | 696,700 | 693,100 | 689,700 | 687,100 | 684,800 | 680,900 | 677,100 | 671,316 | 670,570 | 511,068 | 510,300 |
Accumulated deficit | |||||||||||||
-631,800 | -61,600 | 15,800 | 44,600 | 39,100 | 17,900 | 132,700 | 117,100 | 116,500 | 83,400 | 48,447 | 34,294 | 45,162 | 16,800 |
Total shareholders’ equity | |||||||||||||
66,800 | 640,200 | 714,900 | 742,000 | 732,900 | 708,300 | 820,500 | 802,600 | 798,100 | 761,200 | 720,485 | 705,586 | 556,849 | 527,700 |
Total liabilities and shareholders’ equity | |||||||||||||
861,100 | 1,471,700 | 1,534,300 | 1,571,400 | 1,598,900 | 1,580,000 | 1,653,100 | 1,649,400 | 1,676,200 | 1,637,900 | 1,628,030 | 1,611,458 | 1,625,086 | 1,572,500 |