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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
OPERATING ACTIVITIES:          
Net loss $ (7,174) $ (7,751) $ (21,893) $ (15,287)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:          
Provision (recovery) for bad debt     1,824 (171) $ (1,097)
Depreciation and amortization 11,398 12,280 21,953 24,424  
Amortization of right-of-use asset     5,041 4,582  
Stock-based compensation expense 11,090 10,932 24,125 21,357  
Fair value changes in financial instruments     1,008 (2,856)  
Fair value changes in business acquisition contingencies 353 (3,510) (45) (3,531)  
Deferred income taxes     1,518 2,100  
Other     1,134 370  
Changes in operating assets and liabilities—net of acquisitions:          
Accounts receivable and contract assets     2,078 8,248  
Prepaid expenses and other current assets     (1,673) (433)  
Accounts payable and other accrued liabilities     (5,553) (10,171)  
Accrued payroll and benefits     411 (7,794)  
Payment of contingent consideration     (611) (19,457)  
Change in operating leases     (4,805) (4,323)  
Net cash provided by (used in) operating activities     24,512 (2,942)  
INVESTING ACTIVITIES:          
Purchases of property and equipment     (20,951) (3,501)  
Proprietary software development and other software costs     (2,041) (147)  
Proceeds from insurance     86 277  
Payment of purchase price true ups     (1,027) (631)  
Cash paid for acquisitions—net of cash acquired     (63,050) (14,328)  
Net cash used in investing activities     (86,983) (18,330)  
FINANCING ACTIVITIES:          
Proceeds from the aircraft loan     10,935    
Repayment of term loan     (6,597) (6,563)  
Payment of contingent consideration     (1,194) (10,722)  
Repayment of finance leases     (2,198) (1,911)  
Proceeds from issuance of common stock for exercised stock options     3,295 483  
Dividend payment to the Series A-2 shareholders     (8,200) (8,200)  
Payments of deferred offering costs       (183)  
Net cash used in financing activities     (3,959) (27,096)  
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     (66,430) (48,368)  
Foreign exchange impact on cash balance     (91) 41  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:          
Beginning of year     89,828 146,741 146,741
End of period $ 23,307 $ 98,414 23,307 98,414 $ 89,828
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:          
Cash paid for interest     2,937 3,196  
Cash paid for income tax     1,261 699  
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Accrued purchases of property and equipment     2,304 1,408  
Property and equipment purchased under finance leases     3,326 1,273  
Common stock issued to acquire new businesses     2,598    
Acquisitions unpaid contingent consideration     $ 6,430 $ 6,374