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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 8,126 $ 19,406  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 27,310 25,576  
Stock-based compensation expense 5,850 6,096  
Deferred income taxes (597) 376  
Other non-cash adjustments — net 2,478 159  
Changes in assets and liabilities:      
Accounts receivable (13,271) 22,892  
Prepaid expenses and other current assets (8,136) (13,238)  
Accounts payable and accrued expenses (20,266) 10,621  
Income taxes 5,444 272  
Deferred revenue 40,249 (25,060)  
Leases 1,521 1,513  
Other assets 2,836 6,987  
Other current and long-term liabilities 15,769 2,958  
Net cash provided by operating activities 67,313 58,558  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of fixed assets (19,333) (11,595)  
Proceeds from the maturity of debt securities and sale of other investments 7,450 5,569  
Purchases of debt securities and other investments (6,225) (3,180)  
Payments and settlements for acquisitions — net of cash acquired (121) (147)  
Net cash used in investing activities (18,229) (9,353)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facility 120,000 0  
Payments under revolving credit facility (159,500) 0  
Principal payments of long-term debt (4,000) (4,000)  
Proceeds from issuance of common stock upon exercise of options and restricted stock upon purchase 4,287 8,823  
Taxes paid related to the net share settlement of stock options and restricted stock (1,525) (3,174)  
Purchase of treasury stock 0 (39,913)  
Payments of contingent consideration for acquisitions (225) (13,865)  
Net cash used in financing activities (40,963) (52,129)  
Effect of exchange rates on cash, cash equivalents and restricted cash (114) (605)  
Net increase (decrease) in cash, cash equivalents and restricted cash 8,007 (3,529)  
Cash, cash equivalents and restricted cash — beginning of period 51,894 265,281 $ 265,281
Cash, cash equivalents and restricted cash — end of period 59,901 261,752 51,894
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:      
Cash and cash equivalents 44,629 257,227 36,224
Total cash, cash equivalents and restricted cash — end of period 59,901 261,752 $ 51,894
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash payments of interest 17,848 6,168  
Cash payments of income taxes 4,903 4,072  
Cash paid for amounts included in the measurement of lease liabilities 39,379 33,884  
NON-CASH TRANSACTIONS:      
Fixed asset purchases recorded in accounts payable and accrued expenses 2,167 1,074  
Operating right-of-use assets obtained in exchange for operating lease liabilities — net 16,375 8,517  
Restricted stock reclassified from other current liabilities to equity upon vesting 8,192 3,160  
Prepaid and other current assets      
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:      
Restricted cash and cash equivalents 12,740 4,525  
Other assets      
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:      
Restricted cash and cash equivalents $ 2,532 $ 0