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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net (loss) income $ (5,864) $ 10,803 $ 8,311
Non-cash items included in net (loss) income:      
Depreciation and amortization of property and equipment 26,398 20,782 16,768
Amortization of route and customer acquisition costs and location contracts acquired 17,975 14,681 9,792
Amortization of debt issuance costs 655 394 284
Contributed capital, professional service fees paid by shareholder 2,891 0 0
Stock option compensation 2,236 453 804
Loss (gain) on disposal of property and equipment 100 61 338
Loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable 342 516 395
Loss on debt extinguishment 1,141 0 0
Remeasurement of contingent consideration 6,723 852 0
Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration 1,623 912 695
Deferred income taxes 4,081 4,300 1,519
Changes in operating assets and liabilities, net of acquisition of businesses:      
Prepaid expenses and other current assets (3,507) (491) (3,825)
Income taxes receivable (1,804) (1,436) (667)
Route and customer acquisition costs (5,438) (3,719) (2,778)
Route and customer acquisition costs payable (1,342) (956) (1,354)
Accounts payable and accrued expenses (405) (2,649) 3,222
Consideration payable 0 (196) 0
Other assets (240) 36 (407)
Net cash provided by operating activities 45,565 44,343 33,097
Cash flows from investing activities:      
Purchases of property and equipment (20,796) (23,246) (23,626)
Proceeds from the sale of property and equipment 121 1,173 259
Payments for route acquisition costs 0 (80) (2,374)
Purchase of investment in convertible notes (30,000) 0 0
Business and asset acquisitions, net of cash acquired (100,857) (51,394) (45,129)
Net cash used in investing activities (151,532) (73,547) (70,870)
Cash flows from financing activities:      
Proceeds from term loan 240,000 46,250 0
Payments on term loan (115,625) (11,625) (9,000)
Proceeds from delayed draw term loans 169,000 75,000 60,000
Payments on delayed draw term loans (159,000) (59,000) (9,000)
Net proceeds from line of credit (8,500) 3,000 18,500
Payments for debt issuance costs (9,374) (533) 0
Payments for repurchase of common shares 0 (3,343) (123)
Proceeds from exercise of stock options and warrants 3,583 396 1,584
Payments on consideration payable (2,321) (814) (351)
Payments on capital lease obligation (531) (3,276) (2,729)
Net increase in outstanding checks in excess of bank balance 0 67 200
Proceeds from capital infusion in reverse recapitalization 27,030 0 0
Tax withholding on share-based payments (5,121) 0 0
Net cash provided by financing activities 139,141 46,122 59,081
Net increase in cash 33,174 16,918 21,308
Cash:      
Beginning of year 92,229 75,311 54,003
End of year 125,403 92,229 75,311
Supplemental disclosures of cash flow information:      
Interest, net of amount of capitalized 12,024 8,719 6,224
Income taxes paid 1,759 1,594 0
Supplemental schedules of noncash investing and financing activities:      
Purchases of property and equipment in accounts payable and accrued liabilities 11,501 2,243 1,050
Reclassification of contingent stock consideration from liabilities to equity 0 2,575 890
Acquisition of businesses and assets:      
Total identifiable net assets acquired 119,178 63,745 65,119
Less cash acquired (8,861) (3,633) (4,926)
Less contingent consideration (7,216) (5,350) (595)
Less promissory note (2,244) (3,368) 0
Less common stock consideration 0 0 (10,794)
Less contingent stock consideration 0 0 (3,675)
Cash purchase price $ 100,857 $ 51,394 $ 45,129