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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 17,807 $ 4,025
Adjustments to reconcile net income to net cash provided by operations    
Depreciation and amortization 40,028 40,848
Deferred income taxes 3,409 (699)
Stock-based compensation 11,131 1,653
Impairments of long-lived assets 612 2,925
Provision for bad debts 659 496
Amortization of financing fees 218 249
Amortization of debt discount 959 1,156
Deferred rent (146) (1,223)
Unrealized translation gain on investment in foreign subsidiaries (1,220) (229)
Changes in fair value of derivatives (4,102) (2,904)
Excess payment on contingent consideration for acquisition 0 (166)
Changes in operating assets and liabilities    
Accounts receivable (36,451) (24,828)
Insurance receivable 0 750
Prepaid expenses (702) (2,436)
Other assets (3,180) (1,109)
Accounts payable 14,249 12,600
Litigation settlement obligation 0 (750)
Accrued expenses (8,610) 15,637
Other liabilities (1,382) (705)
Net cash provided by operating activities 33,279 45,290
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (3,266) (1,260)
Purchases of intangible assets and capitalized software (7,616) (8,035)
Proceeds from disposition of property and equipment 9 0
Net cash used in investing activities (10,873) (9,295)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 814 2,427
Payments of IPO issuance costs (225) 0
Payments of long-term debt (3,231) (9,916)
Payment of contingent consideration for acquisition (215) (738)
Payments of finance lease obligations (1) (7)
Net cash used in financing activities (2,858) (8,234)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (1,735) (103)
NET CHANGE IN CASH AND CASH EQUIVALENTS 17,813 27,658
Beginning of period 47,998 66,633
Cash and cash equivalents at end of period 65,811 94,291
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest, net of capitalized amounts of $137 and $150 for the six months ended June 30, 2021 and 2022, respectively 17,225 12,320
Income taxes 9,531 2,743
Noncash investing activities    
Purchases of property and equipment in accounts payable and accrued expenses $ 222 $ 205