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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (4,765) $ (5,409)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 37,138 29,687
Non-cash reduction to the right-of-use asset 2,759 5,227
Amortization of debt discount and issuance costs 1,332 1,995
Stock-based compensation 35,148 22,325
Deferred taxes and other (4,249) (5,902)
Gain on sale of intangible asset (1,000) 0
Net gain on extinguishment of debt (10,267) (12,767)
Changes in operating assets and liabilities:    
Accounts receivable, net of allowances (21,318) (654)
Prepaid expenses and other assets 2,482 2,102
Accounts payable (11,940) 4,164
Accrued expenses and other liabilities 24,991 (13,031)
Operating right-of-use liability (2,946) (8,004)
Net cash provided by operating activities 47,365 19,733
Cash flows from investing activities    
Purchase of property, plant and equipment (10,636) (5,287)
Refund of deposits for construction in progress 2,707 0
Capitalized software development costs (8,571) (8,384)
Purchase of marketable securities (32,081) (60,625)
Proceeds from sales and maturities of marketable securities 48,649 100,109
Proceeds from sale of business 624 1,070
Proceeds from sale of intangible assets 1,000 0
Net cash provided by investing activities 1,692 26,883
Cash flows from financing activities    
Borrowings on line of credit 165,500 0
Repayments on line of credit (140,500) 0
Payments on finance leases (68) (124)
Net cash paid for debt extinguishment (128,534) (51,259)
Payment of debt issuance costs (379) (696)
Proceeds from exercises of stock options 128 413
Value of equity awards withheld for tax liabilities (2,291) (1,056)
Net cash used in financing activities (106,144) (52,722)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 41 (887)
Net decrease in cash, cash equivalents, and restricted cash (57,046) (6,993)
Cash, cash equivalents, and restricted cash, beginning of period 132,307 114,622
Cash, cash equivalents, and restricted cash, end of period 75,261 107,629
Reconciliation of cash, cash equivalents, and restricted cash, end of period    
Cash and cash equivalents 74,940 107,373
Restricted cash included in prepaid expenses and other current assets 321 256
Total cash, cash equivalents, and restricted cash, end of period 75,261 107,629
Supplemental disclosure of cash flow information    
Cash paid for (received from) interest 21 (814)
Cash paid for taxes, net 3,212 5,688
Right-of-use assets obtained in exchange for new operating lease liabilities 0 155,588
Supplemental disclosure of noncash investing and financing activities    
Purchase of property, plant and equipment, accrued but not paid 2,884 3,825
Purchase of property and equipment through lease incentive 0 57,329
Purchase of property and equipment through use of escrow deposits $ 0 $ 20,674