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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (46,409) $ (7,348)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 7,701 10,522
Amortization of right-of-use assets under operating leases 5,474 6,793
Amortization of intangible assets 7,049 12,191
Unrealized loss (gain) on investment in equity securities 12,571 (14,025)
Share-based compensation expense 4,824 5,453
Bad debt expense 1,066 131
Amortization of debt discount 333 327
Amortization of debt issuance costs 366 363
Deferred income taxes 261 15,846
Loss on disposal of fixed assets 99 908
Changes in operating assets and liabilities:    
Accounts receivable 7,212 (15,789)
Short-term investments in real estate 0 39,459
Prepaid expenses and other current assets 1,057 5,239
Other assets 868 (511)
Accounts payable and accrued expenses (6,734) (16,587)
Current and non-current operating lease liabilities (6,024) (6,734)
Other current and non-current liabilities (930) (3,082)
Net cash (used in) provided by operating activities (11,216) 33,156
Cash flows from investing activities:    
Additions to premises and equipment (1,466) (934)
Proceeds received from sale of equity securities 0 6,476
Other 0 1,087
Net cash (used in) provided by investing activities (1,466) 6,629
Cash flows from financing activities:    
Repayments and repurchases of long-term debt 0 (5,810)
Proceeds from stock option exercises 0 235
Purchase of treasury shares 0 (6,700)
Distributions to non-controlling interests (491) (1,138)
Payments of tax withholding on issuance of restricted share units and restricted shares (1,417) (1,298)
Net cash used in financing activities (1,908) (14,711)
Net (decrease) increase in cash, cash equivalents and restricted cash (14,590) 25,074
Cash, cash equivalents and restricted cash at the beginning of the period 86,583 64,046
Cash, cash equivalents and restricted cash at the end of the period 71,993 89,120
Supplemental cash flow information:    
Interest paid 8,463 11,279
Income taxes received, net (944) (27)
Acquisition of right-of-use assets with operating lease liabilities 958 6,200
Reduction of right-of-use assets from operating lease modifications or reassessments (1,715) (3,409)
Non-cash investing and financing activities:    
Net increase (decrease) in payables for purchases of premises and equipment $ 469 $ (25)