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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES:        
Net income $ (615) $ 4,544 $ 3,351 $ 17,981
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES        
Share-based compensation     2,526 1,832
Amortization of intangible assets 2,583 2,641 7,780 12,650
Depreciation and amortization of property, technology, and equipment 1,957 1,908 5,650 5,592
Deferred income tax benefit 1,303 (2,512) (186) (4,178)
Amortization of debt issuance costs     384 373
Change in fair value of contingent consideration 0 (697) (450) (387)
Change in fair value of interest rate swap contracts 170 355 903 (231)
Other     1,013 (64)
CHANGES IN OPERATING ASSETS AND LIABILITIES:        
Accounts receivable     20,718 78,600
Contract assets     (1,076) 16,210
Income taxes     (4,582) (1,442)
Prepaid expenses, deposits, and other assets     3,743 3,335
Operating lease right-of-use assets     8,595 8,044
Accounts payable     (14,235) (43,738)
Operating partner commissions payable     (5,380) (1,811)
Accrued expenses and other liabilities     (999) (4,256)
Operating lease liabilities     (8,286) (6,374)
Payments of contingent consideration     (3,473) (2,500)
Net cash provided by operating activities     15,996 79,636
INVESTING ACTIVITIES:        
Payments to acquire businesses     (1,959) (3,250)
Purchases of property, technology, and equipment     (7,151) (6,169)
Proceeds from sale of property, technology, and equipment     235 77
Net cash used for investing activities     (8,875) (9,342)
FINANCING ACTIVITIES:        
Proceeds from revolving credit facility     0 67,500
Repayments of revolving credit facility     0 (102,500)
Payments of debt issuance costs     (119) (820)
Repayments of notes payable and finance lease liabilities     (3,946) (3,713)
Repurchases of common stock     (3,081) (5,000)
Payment of contingent consideration     (250) 0
Distributions to non-controlling interest     (495) (240)
Proceeds from exercise of stock options     5 193
Payments of employee tax withholdings related to restricted stock units and stock options     (371) (460)
Net cash used for financing activities     (8,257) (45,040)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     (100) 1,282
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH     (1,236) 26,536
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD     33,062 25,067
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 31,826 51,603 31,826 51,603
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:        
Cash and cash equivalents 31,233 51,008 31,233 51,008
Restricted cash 593 595 593 595
Total cash, cash equivalents, and restricted cash $ 31,826 $ 51,603 31,826 51,603
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:        
Income taxes paid     6,236 11,162
Interest paid     $ 394 $ 1,870