XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 7,002 $ (35,592)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,184 4,512
Impairment charge 1,326 39,835
Deferred income taxes 2,987 (1,813)
Non-cash interest 139 169
Amortization of syndication contracts 119 130
Payments on syndication contracts (124) (130)
Non-cash stock-based compensation 1,071 789
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 9,927 7,482
(Increase) decrease in prepaid expenses and other assets 1,177 1,026
Increase (decrease) in accounts payable, accrued expenses and other liabilities (5,356) (4,394)
Net cash provided by operating activities 23,452 12,014
Cash flows from investing activities:    
Purchases of property and equipment (1,838) (2,671)
Purchases of intangible assets   (155)
Proceeds from marketable securities 12,120 16,617
Net cash provided by (used in) investing activities 10,282 13,791
Cash flows from financing activities:    
Tax payments related to shares withheld for share-based compensation plans (9)  
Payments on long-term debt (750) (750)
Dividends paid (2,126) (4,218)
Repurchase of Class A common stock   (525)
Net cash used in financing activities (2,885) (5,493)
Effect of exchange rates on cash, cash equivalents and restricted cash (24) 77
Net increase (decrease) in cash, cash equivalents and restricted cash 30,825 20,389
Cash, cash equivalents and restricted cash:    
Beginning 119,911 33,857
Ending 150,736 54,246
Cash payments for:    
Interest 1,578 2,511
Income taxes (195) 145
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures financed through accounts payable, accrued expenses and other liabilities $ 837 $ 1,770