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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2020
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES            
Net income (loss) $ (36,530)   $ (47,492) $ 16,051   $ 34,250
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:            
Depreciation and amortization 2,105   135,057 142,815   25,953
Loss on extinguishment of debt 10,533   0 13,938   0
Amortization of deferred financing costs 569   3,242 5,936   3,174
Bad debt (recovery) expense 102   350 (17)   88
Deferred Taxes (997)   (16,747) (2,924)   2,085
Share-based compensation 3,976   1,876 9,530   1,216
(Gain) on foreign currency exchange rates (82)   (31) (575)   (110)
Loss (gain) on disposal of fixed assets 8   19 76   (23)
Change in fair value of interest rate swaps 0   3,616 (2,284)   0
Changes in operating assets and liabilities:            
Accounts receivable 9,384   (28,541) (40,842)   (10,964)
Prepaid expenses and other current assets (4,604)   3,561 (5,430)   9,901
Other assets (62)   55 (5,072)   424
Accounts payable (8,871)   16,530 7,516   12,760
Accrued compensation and accrued liabilities 4,102   880 8,541   (7,335)
Deferred revenue 11   (271) 196   (13)
Other liabilities 767   826 (87)   836
Income taxes receivable and payable, net 373   (79) 1,309   (659)
Net cash provided by (used in) operating activities (19,216)   72,851 148,677   71,583
CASH FLOWS FROM INVESTING ACTIVITIES            
Changes in short-term investments (163)   257 305   (1,120)
Proceeds from sale of property and equipment 0   0 0   34
Acquisitions of businesses, net of cash acquired 0   0 (48,934)   0
Purchases of property and equipment (951)   (5,304) (7,313)   (6,578)
Capitalized software development costs (929)   (10,522) (16,485)   (10,125)
Net cash used in investing activities (2,043)   (15,569) (72,427)   (17,789)
CASH FLOWS FROM FINANCING ACTIVITIES            
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commissions 0   0 320,559   0
Payments of initial public offering issuance costs 0   0 (4,034)   0
Shareholder distribution 0   0 (313)   0
Capital contributions 41,143 $ 50,000 59,423 241   0
Distributions to Predecessor Members and Optionholders (17,991)   (5,834) 0   0
Borrowings on Successor Revolver 0   25,000 0   0
Repayments on Successor Revolver 0   (25,000) 0   0
Payments of debt issuance costs 0   (1,397) (1,257)   0
Payments on capital lease obligations (274)   (2,438) (1,652)   (3,176)
Payments on deferred purchase agreements 0   0 (705)   0
Proceeds from stock option exercises 0   0 387   0
Net settlement of stock option exercises 0   0 (332)   0
Net cash provided by (used in) financing activities (11,122)   46,404 63,848   (3,176)
Effect of exchange rate on cash. cash equivalents, and restricted cash (102)   1,021 (278)   (130)
Increase (decrease) in cash, cash equivalents, and restricted cash (32,483)   104,707 139,820   50,488
Cash, cash equivalents, and restricted cash at beginning of period 80,746 $ 48,263 48,263 152,970 $ 80,746 30,258
Cash, cash equivalents, and restricted cash at end of period 48,263   152,970 292,790 $ 152,970 80,746
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:            
Cash paid for income taxes, net of refunds received 279   4,786 10,361   5,249
Cash paid for interest 224   41,145 23,029   55,784
NON-CASH INVESTING AND FINANCING ACTIVITIES:            
Lease Obligation Incurred 0   0 0   1,860
Non-cash property and equipment additions 289   88 3,643   651
Distributions declared to Optionholders but not paid 781   0 0   0
Successor First Lien [Member]            
CASH FLOWS FROM FINANCING ACTIVITIES            
Borrowings from Successor First Lien Credit Facility 0   0 261,413   0
Repayments of Lien Credit Facility 0   (3,350) (363,875)   0
Successor Second Lien [Member]            
CASH FLOWS FROM FINANCING ACTIVITIES            
Repayments of Lien Credit Facility 0   0 (146,584)   0
Predecessor First Lien [Member]            
CASH FLOWS FROM FINANCING ACTIVITIES            
Repayments of Lien Credit Facility $ (34,000)   $ 0 $ 0   $ 0