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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Activities:        
Net loss $ (9,809) $ (3,562) $ (17,374) $ (3,315)
Adjustments to net loss:        
Provision for credit losses     1,046 810
Deferred taxes     915 (8,171)
Stock-based compensation 1,398 1,038 3,698 2,162
Depreciation 279 297 1,079 1,392
Gain on sale of business 28 0 (1,221) 0
Amortization of acquisition-related intangibles 3,126 4,014 9,379 12,043
Amortization of software development costs 3,057 2,194 11,779 5,506
Amortization of deferred finance costs     320 269
Change in fair value of contingent consideration (1,044) 0 (1,044) 0
Non-cash operating lease costs     1,879 1,478
Loss on disposal of property and equipment 1,648 0 1,648 117
Changes in operating assets and liabilities:        
Accounts receivable     2,946 (8,632)
Financing receivables     (129) 2,029
Inventories     (449) (157)
Prepaid expenses and other current assets     3,228 (1,972)
Accounts payable     3,925 6,333
Deferred revenue     2,162 (2,784)
Operating lease liabilities     (1,415) (1,462)
Other liabilities     (189) 6,656
Prepaid income taxes     (344) 1,017
Net cash provided by operating activities     21,839 13,319
Investing Activities:        
Purchase of business, net of cash and cash equivalents acquired     (664) 0
Sale of business, net of cash and cash equivalents sold     21,410 0
Investment in software development     (13,666) (17,981)
Purchase of property and equipment     (1,277) (332)
Net cash provided by (used in) investing activities     5,803 (18,313)
Financing Activities:        
Payments of long-term debt principal     (6,625) (2,625)
Proceeds from revolving line of credit     23,765 9,716
Payments of revolving line of credit     (39,072) (5,000)
Debt issuance costs     (529) 0
Treasury stock purchases     (402) (2,575)
Net cash used in financing activities     (22,863) (484)
Increase (decrease) in cash and cash equivalents     4,779 (5,478)
Change in cash and cash equivalents included in assets sold (41) 0 (41) 0
Cash and cash equivalents at beginning of period     3,848 6,951
Cash and cash equivalents at end of period $ 8,586 $ 1,473 8,586 1,473
Supplemental disclosure of cash flow information:        
Cash paid for interest     12,330 6,217
Cash paid for income taxes     $ 3,060 $ 1,796