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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 1,501 $ 48,043
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 5,989 4,867
Amortization of route and customer acquisition costs and location contracts acquired 6,106 5,565
Amortization of debt issuance costs 504 472
Gain on change in fair value of warrants 2,797 (17,406)
Gain on change in fair value of warrants 0 (32,603)
Stock-based compensation 1,593 1,060
Gain on disposal of property and equipment (34) (119)
Net loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable 104 291
Remeasurement of contingent consideration 228 (2,744)
Payments on consideration payable (89) (1,520)
Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration 615 604
Deferred income taxes 1,700 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (908) 656
Income taxes receivable 3,341 0
Route and customer acquisition costs (650) (426)
Route and customer acquisition costs payable 39 131
Accounts payable and accrued expenses (886) (10,868)
Accrued compensation and related expenses (335) (392)
Other assets (29) 40
Net cash provided by (used in) operating activities 21,586 (4,349)
Cash flows from investing activities:    
Purchases of property and equipment (2,044) (3,855)
Proceeds from the sale of property and equipment 65 121
Business and asset acquisitions, net of cash acquired (483) 0
Net cash used in investing activities (2,462) (3,734)
Cash flows from financing activities:    
Payments on term loan (3,000) (3,000)
Proceeds from delayed draw term loans 0 65,000
Payments on delayed draw term loans (1,563) (750)
Proceeds from line of credit 27,000 49,000
Payments on line of credit (3,000) (57,000)
Payments for debt issuance costs 0 (325)
Payments on consideration payable (334) (3,707)
Net cash provided by financing activities 19,103 49,218
Net increase in cash and cash equivalents 38,227 41,135
Cash and cash equivalents:    
Beginning of period 134,451 125,403
End of period 172,678 166,538
Supplemental disclosures of cash flow information:    
Interest, net of amount of capitalized 3,008 3,737
Supplemental schedules of noncash investing and financing activities:    
Purchases of property and equipment in accounts payable and accrued liabilities 3,853 7,290
Conversion of contingent earnout shares 0 19,160
Acquisition of businesses and assets:    
Total identifiable net assets acquired 483 0
Cash purchase price $ 483 $ 0