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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (302) $ 10,354
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 12,980 12,658
Deferred income taxes (129) (3,213)
Non-cash interest 179 711
Amortization of syndication contracts 240 231
Payments on syndication contracts (241) (234)
Non-cash stock-based compensation 10,021 5,209
(Gain) loss on marketable securities 61  
(Gain) loss on disposal of property and equipment 18 (638)
(Gain) loss on debt extinguishment 1,556  
Change in fair value of contingent consideration (2,942) 6,076
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 17,480 17,588
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets (3,297) (1,252)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 11,467 15,416
Net cash provided by operating activities 47,091 62,906
Cash flows from investing activities:    
Proceeds from sale of property and equipment and intangibles 50 2,671
Purchases of property and equipment (14,858) (3,209)
Purchase of a business, net of cash acquired (6,930)  
Purchases of marketable securities (10,172) (87,239)
Proceeds from sale of marketable securities 28,093 10,499
Purchases of investments (200)  
Issuance of loan receivable (8,086)  
Net cash used in investing activities (12,103) (77,278)
Cash flows from financing activities:    
Proceeds from stock option exercises 554 218
Tax payments related to shares withheld for share-based compensation plans (95) (267)
Payments on debt (213,245) (1,500)
Dividends paid (8,782) (4,291)
Distributions to noncontrolling interest (3,380)  
Repurchase of Class A common stock   (11,280)
Payment of contingent consideration (31,710) (43,606)
Pricipal payments under finance lease obligation (76) (39)
Proceeds from borrowings on debt 212,419  
Payments for debt issuance costs (1,777)  
Net cash used in financing activities (46,092) (60,765)
Effect of exchange rates on cash, cash equivalents and restricted cash 1 (6)
Net increase (decrease) in cash, cash equivalents and restricted cash (11,103) (75,143)
Cash, cash equivalents and restricted cash:    
Beginning 111,444 185,843
Ending 100,341 110,700
Cash payments for:    
Interest 8,155 3,459
Income taxes 3,582 7,438
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures financed through accounts payable, accrued expenses and other liabilities 2,097 $ 1,150
Fair value of contingent consideration related to acquisition and purchase of noncontrolling interest 1,854  
Fair value of put and call option of redeemable noncontrolling interest $ 47,300