XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES:    
Net loss $ (35,901) $ (11,073)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 17,442 13,539
Net amortization of deferred financing costs (net of original issue discount and debt premium) 1,008 1,002
Net deferred taxes (benefit) and other (8,442) (4,039)
Provision for bad debts 471 49
Net (gain) loss on sale or disposal (12,404) (2,458)
Non-cash stock-based compensation expense 1,949 2,698
Deferred compensation 292 (1,725)
Impairment loss 5,050 1,521
Change in fair value of contingent consideration 0 282
Changes in assets and liabilities (net of effects of acquisitions, and dispositions):    
Accounts receivable 40,454 48,135
Prepaid expenses and deposits (17,974) (18,574)
Accounts payable and accrued liabilities (9,134) (9,202)
Accrued interest expense (1,660) (1,454)
Other long-term liabilities (3,773) (3,481)
Net cash (used in) provided by operating activities (22,622) 15,220
INVESTING ACTIVITIES:    
Additions to property, equipment and software (13,618) (14,522)
Proceeds from sale of property, equipment, intangibles and other assets 16,866 2,464
Net cash provided by (used in) investing activities 3,248 (12,058)
FINANCING ACTIVITIES:    
Payments of long-term debt (10) 0
Payments of revolving senior debt 0 (22,727)
Proceeds from issuance of employee stock plan 0 177
Purchase of vested employee restricted stock units (127) (1,839)
Payment of dividend equivalents on vested restricted stock units (60) (174)
Net cash (used in) provided by financing activities (197) (24,563)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (19,571) (21,401)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 103,344 59,439
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 83,773 38,038
Cash paid (received) during the period for:    
Interest 32,692 23,616
Income taxes $ 239 $ (15,201)