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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (116) $ 19,410 $ (18,527)
Adjustments to reconcile net (loss) income net cash provided by operations      
Loss on extinguishment of debt 0 3,673 0
Depreciation and amortization 62,853 73,140 82,064
Deferred income taxes (13,875) (3,344) (21,996)
Stock-based compensation 34,650 23,805 32,580
Impairments and disposals of long-lived assets 7,371 1,008 3,274
Provision for bad debts 937 877 1,169
Amortization of financing fees 1,078 453 471
Amortization of debt discount 798 1,675 3,262
Deferred rent (158) (226) (1,621)
Unrealized translation gain (loss) on investment in foreign subsidiaries 183 (2,345) (154)
Changes in fair value of derivatives 0 (4,102) (7,422)
Change in fair value of contingent consideration, net (2,631) 0 0
Excess payment on contingent consideration for acquisition 0 0 (1,159)
Changes in operating assets and liabilities, net of acquisitions      
Accounts receivable 1,481 (11,184) (40,086)
Insurance receivable (2,015) 921 750
Prepaid expenses 4,852 (1,101) (4,975)
Other assets (94) (4,515) (3,181)
Accounts payable 111 7,885 12,950
Litigation settlement obligation 1,114 4,165 (750)
Accrued expenses (4,610) 303 30,212
Other liabilities 4,932 (6,235) 1,744
Net cash provided by operations 96,861 104,263 68,605
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (2,560) (4,498) (3,234)
Purchases of intangible assets and capitalized software (17,802) (15,689) (15,860)
Acquisitions, net of cash acquired (49,210) 0 (66,323)
Proceeds from disposition of property and equipment 122 51 41
Net cash used in investing activities (69,450) (20,136) (85,376)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of common stock 5,361 2,416 2,483
Repurchases of common stock (67,762) (13,962) 0
Proceeds from issuance of common stock in IPO, net of underwriting discounts and commissions 0 0 102,638
Payments of initial public offering issuance costs 0 (225) (7,890)
Cash paid for tax withholding on vesting of restricted shares (5,697) 0 0
Capital contribution from certain stockholders 0 0 15,576
Payments of long-term debt (7,500) (510,340) (113,147)
Proceeds from term loan borrowings 0 300,000 0
Repayments of revolving credit facility 0 (17,495) 0
Borrowings on revolving credit facility 0 222,989 0
Payments of debt issuance costs 0 (9,093) 0
Payment of contingent consideration for acquisition (305) (226) (738)
Payments of finance lease obligations 0 (3) (9)
Net cash used in financing activities (75,903) (25,939) (1,087)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (379) (3,091) (777)
NET CHANGE IN CASH AND CASH EQUIVALENTS (48,871) 55,097 (18,635)
Beginning of period 103,095 47,998 66,633
Cash and cash equivalents at end of period 54,224 103,095 47,998
Cash and cash equivalents at end of period      
Interest, net of capitalized amounts of $437, $378 and $322, respectively 37,729 32,348 30,782
Income taxes 17,484 18,532 5,574
Offering costs included in accounts payable and accrued liabilities 0 0 225
Noncash investing and financing activities      
Purchases of property and equipment in accounts payable and accrued expenses 548 25 109
Unsettled share repurchases included in other liabilities 600 0 0
Unsettled employee stock options exercised included in other receivables 505 0 0
Noncash purchase price of business combinations $ 4,706 $ 0 $ 1,445