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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 12,053 $ (66,315)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 4,592 14,890
Amortization of right-of-use assets under operating leases 7,935 10,245
Amortization of intangible assets 9,467 14,720
Unrealized gain on investment in equity securities 0 (4,004)
Share-based compensation expense 2,825 7,804
Bad debt expense 1,354 2,229
Amortization of debt discount 665 666
Amortization of debt issuance costs 847 730
Deferred income taxes (705) 5,033
Loss on disposal of fixed assets 47 461
Gain on sale of businesses (88,930) 0
Other non-cash items 137 0
Changes in operating assets and liabilities:    
Accounts receivable 2,963 14,973
Prepaid expenses and other current assets 1,146 (4,140)
Other assets 902 947
Accounts payable and accrued expenses (8,442) (10,338)
Current and non-current operating lease liabilities (8,803) (10,599)
Other current and non-current liabilities 1,542 297
Net cash used in operating activities (60,405) (22,401)
Cash flows from investing activities:    
Additions to premises and equipment (1,379) (2,705)
Proceeds received from sale of equity securities 0 46,622
Proceeds from the sale of businesses 104,141 3,307
Net cash provided by investing activities 102,762 47,224
Cash flows from financing activities:    
Proceeds from revolving credit facility 20,000 0
Repayments of long-term debt and revolving credit facility (20,000) (46,622)
Debt issuance costs (531) 0
Proceeds from convertible debt payable to related parties (Note 2) 1,200 0
Distributions to non-controlling interests (1,959) (1,101)
Payments of tax withholding on issuance of restricted share units and restricted shares (1,014) (1,587)
Net cash used in financing activities (2,304) (49,310)
Net increase (decrease) in cash, cash equivalents and restricted cash 40,053 (24,487)
Cash, cash equivalents and restricted cash at the beginning of the period 62,096 86,583
Cash, cash equivalents and restricted cash at the end of the period 102,149 62,096
Supplemental cash flow information:    
Interest paid 12,532 15,697
Income taxes paid, net 2,455 2,061
Acquisition of right-of-use assets with operating lease liabilities 7,318 1,075
Reduction of right-of-use assets from operating lease modifications or reassessments (6,119) (1,691)
Non-cash investing and financing activities:    
Net (decrease) increase in payables for purchases of premises and equipment $ (116) $ 139