Print Page | Close Window

SEC Filings

10-Q
INCONTACT, INC. filed this Form 10-Q on 11/09/2016
Entire Document
 

 

INCONTACT, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS—(Unaudited)

(in thousands, except per share data)

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

 

2015

 

ASSETS

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

Cash and cash equivalents

$

40,873

 

 

$

29,050

 

Restricted cash

 

-

 

 

 

81

 

Investments

 

38,299

 

 

 

75,109

 

Accounts and other receivables, net of allowance for uncollectible accounts of $2,140

   and $2,555, respectively

 

40,940

 

 

 

37,185

 

Other current assets

 

10,883

 

 

 

9,243

 

Total current assets

 

130,995

 

 

 

150,668

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

53,336

 

 

 

42,569

 

Intangible assets, net

 

27,021

 

 

 

19,232

 

Goodwill

 

49,016

 

 

 

39,247

 

Other assets

 

3,866

 

 

 

2,421

 

Total assets

$

264,234

 

 

$

254,137

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

Trade accounts payable

$

13,748

 

 

$

11,607

 

Accrued liabilities

 

12,221

 

 

 

12,828

 

Accrued commissions

 

5,187

 

 

 

4,615

 

Current portion of deferred revenue

 

14,254

 

 

 

11,530

 

Total current liabilities

 

45,410

 

 

 

40,580

 

 

 

 

 

 

 

 

 

Deferred revenue

 

7,567

 

 

 

6,082

 

Deferred rent and lease incentive obligation

 

6,657

 

 

 

3

 

Deferred tax liability, net

 

466

 

 

 

230

 

Long-term debt

 

85,215

 

 

 

81,985

 

Total liabilities

 

145,315

 

 

 

128,880

 

Commitments and contingencies (see Note 10)

 

 

 

 

 

 

 

Stockholders' equity:

 

 

 

 

 

 

 

Common stock, $0.0001 par value; 100,000 shares authorized; 62,612 and 61,826

   shares issued and outstanding as of September 30, 2016 and December 31, 2015,

   respectively

 

6

 

 

 

6

 

Additional paid-in capital

 

264,616

 

 

 

253,986

 

Accumulated deficit

 

(145,702

)

 

 

(128,654

)

Accumulated other comprehensive loss

 

(1

)

 

 

(81

)

Total stockholders' equity

 

118,919

 

 

 

125,257

 

Total liabilities and stockholders' equity

$

264,234

 

 

$

254,137

 

 

See accompanying notes to Condensed Consolidated Financial Statements.

 

 

 

3