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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (7,348) $ (1,352)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 17,315 17,049
Amortization of intangible assets 12,191 14,691
Unrealized (gain) loss on investment in equity securities (14,025) 5,968
Share-based compensation expense 5,453 4,111
Bad debt expense 131 1,503
Amortization of debt discount 327 298
Amortization of debt issuance costs 363 502
Deferred income taxes 15,846 (1,349)
Loss on disposal of fixed assets 908 558
Loss on debt refinancing (Note 12) 0 4,434
Changes in operating assets and liabilities (excludes assets and liabilities held for sale, see Note 3):    
Accounts receivable (15,789) 6,923
Short-term investments in real estate 39,459 (5,884)
Prepaid expenses and other current assets 5,239 617
Other assets (511) 967
Accounts payable and accrued expenses (16,587) (17,152)
Other current and non-current liabilities (9,816) (8,631)
Net cash provided by operating activities 33,156 23,253
Cash flows from investing activities:    
Additions to premises and equipment (934) (2,756)
Proceeds received from sale of equity securities 6,476 0
Other 1,087 0
Net cash provided by (used in) investing activities 6,629 (2,756)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0 407,880
Repayments and repurchases of long-term debt (5,810) (421,821)
Debt issuance costs 0 (5,042)
Proceeds from stock option exercises 235 2,707
Purchase of treasury shares (6,700) (21,121)
Distributions to non-controlling interests (1,138) (1,181)
Payments of tax withholding on issuance of restricted share units and restricted shares (1,298) (410)
Net cash used in financing activities (14,711) (38,988)
Net increase (decrease) in cash, cash equivalents and restricted cash 25,074 (18,491)
Cash, cash equivalents and restricted cash at the beginning of the period 64,046 108,843
Cash, cash equivalents and restricted cash at the end of the period 89,120 90,352
Supplemental cash flow information:    
Interest paid 11,279 11,540
Income taxes (received) paid, net (27) 2,865
Non-cash investing and financing activities:    
Net (decrease) increase in payables for purchases of premises and equipment (25) 398
Acquisition of right-to-use assets with lease obligations 6,200 0
Reduction of lease obligations from lease terminations and amendments $ (3,409) $ 0