XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (32,923) $ (36,829)
Adjustments to reconcile net loss to net cash provided by (used by) operating activities    
Stock-based compensation 10,606 11,056
Depreciation expense and amortization of intangible assets 2,361 2,342
Bad debt expense (135) 120
Amortization of debt issuance costs 140 70
(Benefit) provision for deferred income taxes (450) 357
Foreign currency transaction losses, net 11,806 0
Changes in assets and liabilities    
Accounts receivable 40,061 17,609
Prepaid expenses and other assets (2,245) (8,803)
Deferred commissions 1,569 (314)
Accounts payable and accrued expenses 5,187 (1,878)
Accrued compensation and related benefits (8,703) (9,369)
Other current and non-current liabilities 1,944 1,582
Deferred revenue (10,120) (2,177)
Operating lease assets and liabilities (232) 969
Net cash provided by (used by) operating activities 18,866 (25,265)
Cash flows from investing activities    
Proceeds from maturities of investments 9,657 16,289
Payments for investments 0 (24,184)
Purchases of property and equipment (2,198) (4,421)
Net cash provided by (used by) investing activities 7,459 (12,316)
Cash flows from financing activities    
Proceeds from borrowings 50,000 92,000
Payments for debt issuance costs (463) (278)
Debt repayments (1,250) (750)
Repurchase of common stock (50,019) 0
Payments for employee taxes related to the net share settlement of equity awards (2,862) (2,959)
Proceeds from exercise of common stock options 345 131
Net cash (used by) provided by financing activities (4,249) 88,144
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (1,319) 15
Net increase in cash, cash equivalents, and restricted cash 20,757 50,578
Cash, cash equivalents, and restricted cash at beginning of period 149,351 150,381
Cash, cash equivalents, and restricted cash at end of period 170,108 200,959
Supplemental disclosure of cash flow information    
Cash paid for interest 5,325 1,233
Cash paid for income taxes 751 284
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 484 $ 2,233