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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 914 $ 17,807
Adjustments to reconcile net income to net cash provided by operations    
Depreciation and amortization 31,242 40,028
Deferred income taxes 188 3,409
Stock-based compensation 17,401 11,131
Impairments and disposals of long-lived assets 7,145 612
Provision for bad debts 459 659
Amortization of financing fees 539 218
Amortization of debt discount 392 959
Deferred rent 1,023 (146)
Unrealized translation (gain) loss on investment in foreign subsidiaries 108 (1,220)
Changes in fair value of derivatives 0 (4,102)
Interest rate swap settlements 585 0
Changes in operating assets and liabilities    
Accounts receivable (7,399) (36,451)
Insurance receivable (2,500) 0
Prepaid expenses 2,251 (702)
Other assets (8,650) (3,180)
Accounts payable 1,314 14,249
Litigation settlement obligation 1,848 0
Accrued expenses (10,515) (8,610)
Other liabilities (3,447) (1,382)
Net cash provided by operating activities 32,898 33,279
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (593) (3,266)
Purchases of intangible assets and capitalized software (8,589) (7,616)
Acquisitions, net of cash acquired (48,641) 0
Proceeds from disposition of property and equipment 125 9
Net cash used in investing activities (57,698) (10,873)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 611 814
Repurchases of common stock (25,342) 0
Payments of initial public offering issuance costs 0 (225)
Cash paid for tax withholding on vesting of restricted shares (572) 0
Payments of long-term debt (3,750) (3,231)
Payment of contingent consideration for acquisition (305) (215)
Payments of finance lease obligations 0 (1)
Net cash used in financing activities (29,358) (2,858)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (120) (1,735)
NET CHANGE IN CASH AND CASH EQUIVALENTS (54,278) 17,813
Beginning of period 103,095 47,998
Cash and cash equivalents at end of period 48,817 65,811
Cash paid during the period for    
Interest, net of capitalized amounts of $150 and $189 for the six months ended June 30, 2022 and 2023, respectively 20,239 17,225
Income taxes 9,703 9,531
Noncash investing activities    
Purchases of property and equipment in accounts payable and accrued expenses 165 222
Noncash purchase price of business combinations $ 4,706 $ 0