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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (2,976) $ (99,925)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,196 1,816
Amortization of deferred financing costs and debt discount 9,794 12,463
Interest expense on 5.75% Convertible Notes paid in shares 1,423  
Stock-based compensation expense 804 971
Provision for doubtful accounts 1,685 (1,107)
Periodic lease cost 2,243 2,124
(Earnings) loss on equity investments in joint ventures 1,364 (14)
Distributions from equity investments 3,928 2,681
Contract asset impairment 4,467 5,143
Asset impairment 62 1,766
Trademark impairment 35,053 65,587
Impairment of equity method investment 19,607 26,613
Mark to market adjustment on convertible note 3,590 3,861
Loss (gain) on debt to equity conversions   1,310
Gain on sale of trademarks and other investments (75,705) (141)
Income on other equity investment   294
Deferred income tax expense 731 (80)
(Gain) Loss on foreign currency translation 1,570 858
Changes in operating assets and liabilities:    
Accounts receivable 4,020 6,927
Other assets – current 4,788 12,173
Other assets (937) (1,882)
Deferred revenue (104) 29
Accounts payable and accrued expenses (14,902) (8,836)
Other liabilities 18,722 (2,319)
Net Cash provided by operating activities 20,423 30,312
Cash flows provided by (used in) investing activities:    
Purchases of property and equipment (602) (626)
Acquisition of trademarks and other investments (2,358) (6,001)
Issuance of loan to equity investee (2,750)  
Proceeds from loan to equity investee 2,750  
Proceeds from sale of trademarks and investments 80,101 18,695
Net cash provided by investing activities 77,141 12,068
Cash flows (used in) financing activities:    
Payment of long-term debt (96,012) (41,171)
Proceeds from Paycheck Protection Program Loan 1,307  
Distributions to non-controlling interests (6,765) (12,018)
Distributions to redeemable non-controlling interests (8,785) (461)
Cost of shares repurchased on vesting of restricted stock (84) (189)
Net cash (used in) financing activities (110,339) (53,839)
Effect of exchange rate changes on cash and restricted cash 541 235
Net increase (decrease) in cash and cash equivalents, and restricted cash (12,234) (11,224)
Cash, cash equivalents, and restricted cash, beginning of period 71,411 82,635
Cash, cash equivalents, and restricted cash, end of period 59,177 71,411
Cash paid during the period:    
Income taxes (net of refunds received) (1,615) (8,704)
Interest 35,217 45,066
Non-cash investing and financing activities:    
Non-cash additions to operating lease assets $ 288 10,462
Non-cash repurchase of China JV equity   1,265
Shares issued upon conversion of debt to equity   $ 6,225