XML 198 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (52,833) $ 12,053
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 3,440 4,592
Amortization of right-of-use assets under operating leases 2,730 7,935
Amortization of intangible assets 5,129 9,467
Share-based compensation expense 5,050 2,825
Bad debt expense 885 1,354
Amortization of debt discount 661 665
Amortization of debt issuance costs 932 847
Deferred income taxes 1,098 (705)
Loss on disposal of fixed assets 10 47
Loss (gain) on sale of business 242 (88,930)
Other non-cash items 0 137
Changes in operating assets and liabilities:    
Accounts receivable 4,134 2,963
Prepaid expenses and other current assets (1,922) 1,146
Other assets 341 902
Accounts payable and accrued expenses (12,964) (8,442)
Current and non-current operating lease liabilities (2,911) (8,803)
Other current and non-current liabilities 1,090 1,542
Net cash used in operating activities (44,888) (60,405)
Cash flows from investing activities:    
Additions to premises and equipment (863) (1,379)
Proceeds from the sale of businesses 346 104,141
Other investing activities (250) 0
Net cash (used in) provided by investing activities (767) 102,762
Cash flows from financing activities:    
Proceeds from revolving credit facility 0 20,000
Repayments of long-term debt and revolving credit facility 0 (20,000)
Debt issuance costs 0 (531)
Proceeds from convertible debt payable to related parties 0 1,200
Distributions to non-controlling interests (1,082) (1,959)
Payments of tax withholding on issuance of restricted share units and restricted shares (1,139) (1,014)
Net cash used in financing activities (2,221) (2,304)
Net (decrease) increase in cash, cash equivalents and restricted cash (47,876) 40,053
Cash, cash equivalents and restricted cash at the beginning of the period 102,149 62,096
Cash, cash equivalents and restricted cash at the end of the period 54,273 102,149
Supplemental cash flow information:    
Interest paid 14,962 12,532
Income taxes paid, net 3,299 2,455
Acquisition of right-of-use assets with operating lease liabilities 920 7,318
Reduction of right-of-use assets from operating lease modifications or reassessments (463) (6,119)
Non-cash investing and financing activities:    
Net decrease in payables for purchases of premises and equipment (64) (116)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 51,025 98,132
Restricted cash 3,248 4,017
Total cash, cash equivalents and restricted cash reported in the statements of cash flow $ 54,273 $ 102,149