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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) income $ (12,984) $ (15,701) $ 10,803
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization of property and equipment 20,969 26,398 20,782
Amortization of route and customer acquisition costs and location contracts acquired 22,608 17,975 14,681
Amortization of debt issuance costs 2,064 655 394
Contributed capital, professional service fees paid by shareholder 0 2,891 0
Stock-based compensation 5,538 2,236 453
(Gain)/loss on change in fair value of contingent earnout shares (8,484) 9,837 0
Loss on disposal of property and equipment 47 100 61
Loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable 910 342 516
Loss on debt extinguishment 0 1,141 0
Remeasurement of contingent consideration (584) 6,723 852
Payments on consideration payable (1,766) 0 0
Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration 2,030 1,623 912
Deferred income taxes (16,836) 4,081 4,300
Changes in operating assets and liabilities, net of acquisition of businesses:      
Prepaid expenses and other current assets (2,904) (3,507) (491)
Income taxes receivable 566 (1,804) (1,436)
Route and customer acquisition costs (603) (5,438) (3,719)
Route and customer acquisition costs payable (780) (1,342) (956)
Accounts payable and accrued expenses (16,876) (899) (1,749)
Accrued compensation and related expenses 3,452 494 (900)
Consideration payable 0 0 (196)
Other assets (72) (240) 36
Net cash (used in) provided by operating activities (3,705) 45,565 44,343
Cash flows from investing activities:      
Purchases of property and equipment (25,761) (20,796) (23,246)
Proceeds from the sale of property and equipment 394 121 1,173
Payments for location contracts acquired 0 0 (80)
Purchase of investment in convertible notes 0 (30,000) 0
Payments on consideration payable (299) 0 0
Business and asset acquisitions, net of cash acquired (35,769) (100,857) (51,394)
Net cash used in investing activities (61,435) (151,532) (73,547)
Cash flows from financing activities:      
Proceeds from term loan 0 240,000 46,250
Payments on term loan (12,000) (115,625) (11,625)
Proceeds from delayed draw term loans 65,000 169,000 75,000
Payments on delayed draw term loans (5,438) (159,000) (59,000)
Net (payments on) proceeds from line of credit (58,500) (8,500) 3,000
Payments for debt issuance costs (677) (9,374) (533)
Payments for repurchase of common shares 0 0 (3,343)
Proceeds from issuance of common stock, net 90,422 0 0
Proceeds from exercise of stock options and warrants 847 3,583 396
Payments on consideration payable (5,448) (2,321) (814)
Payments on capital lease obligation 0 (531) (3,276)
Net increase in outstanding checks in excess of bank balance 0 0 67
Proceeds from capital infusion in reverse recapitalization 0 27,030 0
Tax withholding on share-based payments (18) (5,121) 0
Net cash provided by financing activities 74,188 139,141 46,122
Net increase in cash and cash equivalents 9,048 33,174 16,918
Cash and cash equivalents:      
Beginning of year 125,403 92,229 75,311
End of year 134,451 125,403 92,229
Supplemental disclosures of cash flow information:      
Interest, net of amount of capitalized 12,854 12,024 8,719
Income taxes paid 0 1,759 1,594
Supplemental schedules of noncash investing and financing activities:      
Purchases of property and equipment in accounts payable and accrued liabilities 14,992 11,501 2,243
Common stock offering costs in accounts payable and accrued liabilities 364 0 0
Less impact from conversion of treasury stock and issuance of warrants (19,924) 0 0
Reclassification of contingent stock consideration from liabilities to equity 0 0 2,575
Acquisition of businesses and assets:      
Total identifiable net assets acquired 39,731 119,178 63,745
Less cash acquired (716) (8,861) (3,633)
Less contingent consideration (3,246) (7,216) (5,350)
Less promissory note 0 (2,244) (3,368)
Cash purchase price $ 35,769 $ 100,857 $ 51,394