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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 5 Months Ended 6 Months Ended
Jan. 31, 2020
Jun. 30, 2020
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) $ (36,530) $ (38,180) $ (15,619)
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,105 61,059 70,681
Loss on extinguishment of debt 10,533   13,938
Amortization of deferred financing costs 569 1,456 5,059
Bad debt (recovery) expense 102 56 (367)
Deferred taxes (997) (9,231) (5,975)
Share-based compensation 3,976 801 3,226
(Gain) on foreign currency exchange rates (82) (285) (319)
Loss on disposal of fixed assets 8 63 81
Change in fair value of interest rate swaps   5,156 (953)
Changes in operating assets and liabilities:      
Accounts receivable 9,384 7,058 (16,895)
Prepaid expenses and other current assets (4,604) 4,468 (2,654)
Other assets (62) (287) (1,032)
Accounts payable (8,871) 3,651 2,590
Accrued compensation and accrued liabilities 4,102 (11,337) 2,780
Deferred revenue 11 (16) 106
Other liabilities 767 (389) 545
Income taxes receivable and payable, net 373 (634) 906
Net cash provided by (used in) operating activities (19,216) 23,409 56,098
CASH FLOWS FROM INVESTING ACTIVITIES      
Changes in short-term investments (163) 706 (92)
Acquisition of business     (7,588)
Purchase of property and equipment (951) (2,724) (3,841)
Capitalized software development costs (929) (4,465) (7,482)
Net cash used in investing activities (2,043) (6,483) (19,003)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commissions     320,559
Payments of initial public offering issuance costs     (1,028)
Shareholder distribution     (313)
Capital contributions 41,143 59,423 241
Distributions to Predecessor Members and Option holders (17,991) (4,087)  
Borrowings on Successor Revolver   25,000  
Repayments on Successor Revolver   (25,000)  
Payments of debt issuance costs   (1,397) (1,257)
Payments on capital lease obligations (274) (977) (925)
Payments on Deferred Purchase Agreements     (362)
Net cash provided by (used in) financing activities (11,122) 52,962 67,869
Effect of exchange rate on cash. cash equivalents, and restricted cash (102) (1,141) (656)
(Increase) decrease in cash, cash equivalents, and restricted cash (32,483) 68,747 104,308
Cash, cash equivalents, and restricted cash at beginning of period 80,746 48,263 152,970
Cash, cash equivalents, and restricted cash at end of period 48,263 117,010 257,278
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFROMATION:      
Cash paid for income taxes, net of refunds received 279 1,915 3,736
Cash paid for interest 224 19,994 13,721
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Offering costs included in accounts payable and accrued expenses and other current liabilities     3,006
Non-cash property and equipment additions 289 274 2,797
Distributions declared to Optionholders but not paid 781 $ 0 0
First Lien [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings from Successor First Lien Credit Facility     261,413
Repayments of Credit Facility $ (34,000)   (363,875)
Second Lien [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Repayments of Credit Facility     $ (146,584)