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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (22,027) $ (12,965)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 43,689 43,388
Provision for expected credit losses 604 627
Amortization of debt issuance costs 747 897
Share-based compensation expense 34,683 22,216
Deferred income taxes 546 (4,507)
Loss on disposal of property and equipment 90 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (7,060) (1,726)
Prepaid expenses and other assets (1,896) (4,595)
Accounts payable 1,758 3,632
Accrued liabilities 944 (782)
Deferred revenue 11,911 9,301
Net cash provided by operating activities 63,989 55,486
Cash flows from investing activities:    
Capitalized software additions (5,483) (7,004)
Purchases of property and equipment (213) (347)
Return of escrow deposit 0 30,000
Funds received in connection with former business combination 0 1,219
Acquisition, net of cash acquired – Beanstalk Networks LLC 0 326
Net cash (used in) provided by investing activities (5,696) 24,194
Cash flows from financing activities:    
Repurchases of common stock (104,847) (35,660)
Proceeds from exercise of stock options 4,728 1,633
Proceeds from employee stock purchase plan 944 793
Taxes paid related to net share settlement of restricted stock units (2,910) (1,403)
Principal payments of debt (3,468) (3,263)
Proceeds from debt 50,000 0
Payments of debt issuance costs (840) 0
Payments of deferred offering costs (75) 0
Net cash used in financing activities (56,468) (37,900)
Net increase in cash and cash equivalents 1,825 41,780
Cash and cash equivalents, beginning of period 80,441 55,780
Cash and cash equivalents, end of period 82,266 97,560
Supplemental disclosures of cash flow information:    
Cash paid for interest 28,988 27,498
Cash paid for income taxes 455 2,610
Non-cash investing and financing activities:    
Shares withheld with respect to net settlement of restricted stock units 2,910 1,403
Purchase price allocation adjustment for Beanstalk Networks LLC acquisition 0 757
Excise taxes payable included in repurchases of common stock 704 162
Share-based compensation expense included in capitalized software additions 206 219
Purchase price allocation adjustment related to income tax effects for StreetShares acquisition 0 245
Purchases of property and equipment included in accounts payable and accrued liabilities 46 611
Vesting of restricted stock awards and restricted stock units $ 2 $ 4