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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (42,901) $ 5,557
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 1,139 1,321
Amortization of intangible assets 40,099 38,007
Amortization of debt issuance costs 1,146 1,156
Provision for credit losses 52 468
Loss on retirement of assets 29 56
Equity-based compensation expense 20,798 23,818
Change in fair value of contingent considerations 11,316 0
Goodwill impairment 46,984 0
Lease abandonment expense 1,602 0
Deferred income taxes (18,532) (3,209)
Changes in assets and liabilities:    
Accounts receivable 6,441 (7,895)
Prepaid expenses and other assets 85 4,209
Accounts payable and accrued expenses (1,558) (3,404)
Deferred revenue (6,978) (1,727)
Other liabilities (293) (1,299)
Net cash provided by operating activities 59,429 57,058
Cash flows from investing activities:    
Capital expenditures (899) (1,249)
Capitalized development costs (10,000) (8,106)
Investment in intangible assets (54) 0
Business acquisitions, net of cash acquired (7,550) (5,883)
Net cash used in investing activities (18,503) (15,238)
Cash flows from financing activities:    
Payments on long-term debt and finance lease obligations (2,290) (2,483)
Payments on financing component of interest rate swap 0 (1,085)
Payment of taxes on shares withheld for employee taxes (5,905) (2,827)
Net cash used in financing activities (8,195) (6,395)
Effect of foreign exchange rate changes on cash and cash equivalents, and restricted cash (107) (8,266)
Net increase in cash and cash equivalents, and restricted cash 32,624 27,159
Cash and cash equivalents, and restricted cash, at beginning of period 239,688 186,624
Cash and cash equivalents, and restricted cash, at end of period 272,312 213,783
Supplemental disclosures of cash flow information    
Cash paid for interest 13,668 12,310
Cash paid for taxes 12,365 7,784
Supplemental schedule of non-cash investing and financing activities    
Contingent liabilities established in connection with business acquisition $ 790 $ 0