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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (59,306) $ 228
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 11,521 14,196
Amortization of right-of-use assets under operating leases 8,107 9,145
Amortization of intangible assets 11,344 15,489
Unrealized loss (gain) on investment in equity securities 12,433 (11,731)
Share-based compensation expense 6,556 8,284
Bad debt expense 1,423 114
Amortization of debt discount 500 499
Amortization of debt issuance costs 548 552
Deferred income taxes 274 15,568
Loss on disposal of fixed assets 459 330
Gain on sale of business 0 (17,558)
Changes in operating assets and liabilities (excludes effect of sale of business):    
Accounts receivable 10,136 (31,580)
Short-term investments in real estate 0 39,873
Prepaid expenses and other current assets 621 12,588
Other assets 853 (55)
Accounts payable and accrued expenses (10,676) (17,058)
Current and non-current operating lease liabilities (8,518) (9,713)
Other current and non-current liabilities (352) (6,977)
Net cash (used in) provided by operating activities (14,077) 22,194
Cash flows from investing activities:    
Additions to premises and equipment (2,502) (1,204)
Proceeds received from sale of equity securities 0 7,819
Proceeds from the sale of business 3,307 38,027
Other 0 1,087
Net cash provided by investing activities 805 45,729
Cash flows from financing activities:    
Repayments and repurchases of long-term debt 0 (44,820)
Proceeds from stock option exercises 0 392
Purchase of treasury shares 0 (13,397)
Distributions to non-controlling interests (976) (2,003)
Payments of tax withholding on issuance of restricted share units and restricted shares (1,495) (1,516)
Net cash used in financing activities (2,471) (61,344)
Net (decrease) increase in cash, cash equivalents and restricted cash (15,743) 6,579
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 70,840 70,625
Supplemental cash flow information:    
Interest paid 12,218 16,271
Income taxes paid, net 742 2,397
Acquisition of right-of-use assets with operating lease liabilities 1,051 5,888
Reduction of right-of-use assets from operating lease modifications or reassessments (1,715) (3,458)
Non-cash investing and financing activities:    
Net increase in payables for purchases of premises and equipment $ 60 $ 203