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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ 27,110 $ (21,231)
Adjustments to reconcile net (loss) income to net cash provided by operations    
Depreciation and amortization 56,598 61,193
Deferred income taxes 4,885 (13,349)
Stock-based compensation 17,424 27,236
Impairments of long-lived assets 805 2,940
Provision for bad debts 1,016 604
Amortization of financing fees 327 362
Amortization of debt discount 1,444 1,741
Deferred rent (170) (1,334)
Unrealized translation gain on investment in foreign subsidiaries (1,838) (100)
Changes in fair value of derivatives (4,102) (5,024)
Excess payment on contingent consideration for acquisition 0 (1,159)
Changes in operating assets and liabilities    
Accounts receivable (33,145) (40,383)
Insurance receivable 0 750
Prepaid expenses 3,579 (1,421)
Other assets (2,097) 1,464
Accounts payable 6,546 12,116
Litigation settlement obligation 0 (750)
Accrued expenses 84 15,609
Other liabilities (4,868) (338)
Net cash provided by operating activities 73,598 38,926
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (3,978) (2,619)
Purchases of intangible assets and capitalized software (11,719) (11,987)
Proceeds from disposition of property and equipment 25 7
Net cash used in investing activities (15,672) (14,599)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 2,291 2,483
Proceeds from issuance of common stock in IPO, net of underwriting discounts and commissions 0 102,638
Payments of IPO issuance costs (225) (6,120)
Capital contribution from certain stockholders 0 15,576
Payments of long-term debt (4,846) (11,531)
Payment of contingent consideration for acquisition (226) (738)
Payments of finance lease obligations (3) (8)
Net cash provided by (used in) financing activities (3,009) 102,300
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (3,725) (863)
NET CHANGE IN CASH AND CASH EQUIVALENTS 51,192 125,764
Beginning of period 47,998 66,633
Cash and cash equivalents at end of period 99,190 192,397
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest, net of capitalized amounts of $220 and $245 for the nine months ended September 30, 2021 and 2022, respectively 24,277 21,494
Income taxes 11,513 4,663
Offering costs included in accounts payable and accrued liabilities 0 1,996
Noncash investing activities    
Purchases of property and equipment in accounts payable and accrued expenses $ 8 $ 35