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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) $ (1,107) $ 51,949
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation 18,722 17,052
Amortization 74,716 78,817
Amortization of operating lease right-of-use assets 9,190 8,296
Amortization of deferred debt issuance costs 3,415 3,435
Deferred income taxes (25,207) (9,059)
Stock-based compensation expense 17,537 21,884
Gain on divestiture 0 (38,452)
Other 2,168 2,483
Changes in operating assets and liabilities:    
Receivables 42,012 5,767
Accounts payable (7,198) (3,047)
Accrued employee compensation (2,879) (3,872)
Deferred revenue 4,404 (6,367)
Other current and noncurrent assets and liabilities (52,999) (26,920)
Net cash flows from operating activities 82,774 101,966
Cash flows from investing activities:    
Purchases of property and equipment (7,956) (8,123)
Purchases of software and distribution rights (22,571) (18,394)
Proceeds from divestiture 0 100,139
Net cash flows from investing activities (30,527) 73,622
Cash flows from financing activities:    
Proceeds from issuance of common stock 2,122 2,801
Proceeds from exercises of stock options 3,132 1,792
Repurchase of stock-based compensation awards for tax withholdings (4,203) (5,820)
Repurchases of common stock 0 (90,934)
Proceeds from revolving credit facility 75,000 85,000
Repayment of revolving credit facility (51,000) (75,000)
Repayment of term portion of credit agreement (53,556) (70,825)
Payments on or proceeds from other debt, net (12,473) (10,106)
Payments for debt issuance costs (2,160) 0
Net increase (decrease) in settlement assets and liabilities (4,635) 20,084
Net cash flows from financing activities (47,773) (143,008)
Effect of exchange rate fluctuations on cash 4,388 (60)
Net increase in cash and cash equivalents 8,862 32,520
Cash and cash equivalents, including settlement deposits, beginning of period 214,672 184,142
Cash and cash equivalents, including settlement deposits, end of period 223,534 216,662
Reconciliation of cash and cash equivalents to the Consolidated Balance Sheets    
Cash and cash equivalents 139,520 134,799
Settlement deposits 84,014 81,863
Total cash and cash equivalents, including settlement deposits 223,534 216,662
Supplemental cash flow information    
Income taxes paid 43,915 24,987
Interest paid $ 60,597 $ 39,217