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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income and comprehensive income $ 8,768 $ 13,342
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on impairments and disposal of assets 781 5,167
Amortization of intangibles 2,956 4,031
Depreciation 9,268 9,479
Non-cash compensation expense 15,226 21,473
Deferred income taxes 1,004 586
Bad debt expense (56) 1,894
Amortization of debt issuance costs 1,270 1,698
Amortization of debt discount 118 0
Reduction in carrying amount of ROU asset, offset by change in operating lease liabilities (1,854) (1,923)
Gain on settlement of convertible debt (8,619) (30,897)
Loss on impairment of investments 0 1,440
Changes in current assets and liabilities:    
Accounts receivable (52,701) 6,809
Prepaid and other current assets (1,824) 280
Accounts payable, accrued expenses and other current liabilities 26,383 (4,337)
Income taxes 154 (227)
Other, net (109) (591)
Net cash provided by operating activities 765 28,224
Cash flows from investing activities:    
Capital expenditures (5,476) (4,853)
Other 2 0
Net cash used in investing activities (5,474) (4,853)
Cash flows from financing activities:    
Repayment of term loan (4,375) (1,250)
Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise of stock options (2,306) (1,042)
Repurchase of 0.50% Convertible Senior Notes (151,687) (156,294)
Net proceeds from term loan 125,000 0
Payment of debt costs (4,085) (1,079)
Payment of original issue discount (3,125) 0
Net cash used in financing activities (40,578) (159,665)
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (45,287) (136,294)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 112,056 298,969
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period $ 66,769 $ 162,675