XML 19 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2020
Dec. 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES          
NET INCOME (LOSS) $ (36,530) $ (47,492) $ 64,604 $ 16,051  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:          
Depreciation and amortization 2,105 135,057 138,246 142,815  
Loss on extinguishment of debt 10,533 0 0 13,938  
Amortization of deferred financing costs 569 3,242 1,804 5,936  
Bad debt expense (recovery) 102 350 207 (17)  
Deferred Taxes (997) (16,747) 4,597 (2,924)  
Share-based compensation 3,976 1,876 7,856 9,530  
Loss (gain) on foreign currency exchange rates (82) (31) 91 (575)  
Loss on disposal of fixed assets and impairment of ROU assets 8 19 1,263 76  
Change in fair value of interest rate swaps 3,616 (12,429) (2,284)  
Changes in operating assets and liabilities:          
Accounts receivable 9,384 (28,541) 9,149 (40,842)  
Prepaid expenses and other assets (4,666) 3,616 4,892 (10,502)  
Accounts payable (8,871) 16,530 2,983 7,516  
Accrued compensation and accrued liabilities 4,102 880 (11,365) 8,541  
Deferred revenues 11 (271) 91 196  
Operating lease liabilities (898)  
Other liabilities 767 826 4,724 (87)  
Income taxes receivable and payable, net 373 (79) (3,045) 1,309  
Net cash provided by (used in) operating activities (19,216) 72,851 212,770 148,677  
CASH FLOWS FROM INVESTING ACTIVITIES          
Changes in short-term investments (163) 257 (1,106) 305  
Acquisitions of businesses, net of cash acquired (19,052) (48,934)  
Purchases of property and equipment (951) (5,304) (6,165) (7,313)  
Capitalized software development costs (929) (10,522) (22,363) (16,485)  
Proceeds from disposal of property and equipment 90  
Net cash used in investing activities (2,043) (15,569) (48,596) (72,427)  
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 (4,034)  
Shareholder distribution (313)  
Capital contributions 41,143 59,423 241  
Distributions to Predecessor Members and Optionholders (17,991) (5,834)  
Share repurchases (60,530)  
Borrowings on Successor Revolver 25,000  
Repayments on Successor Revolver (25,000)  
Payments of debt issuance costs (1,397) (1,257)  
Payments on capital and finance lease obligations (274) (2,438) (884) (1,652)  
Payments on deferred purchase agreements (884) (705)  
Proceeds from issuance of common stock under share-based compensation plans 3,522 387  
Net settlement of share-based compensation plan awards (378) (332)  
Net cash (used in) provided by financing activities (11,122) 46,404 (59,154) 63,848  
Effect of exchange rate on cash, cash equivalents, and restricted cash (102) 1,021 (6,014) (278)  
Increase (decrease) in cash, cash equivalents, and restricted cash (32,483) 104,707 99,006 139,820  
Cash, cash equivalents, and restricted cash at beginning of period 80,746 48,263 292,790 152,970 $ 80,746
Cash, cash equivalents, and restricted cash at end of period 48,263 152,970 391,796 292,790 $ 152,970
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:          
Cash paid for income taxes, net of refunds received 279 4,786 17,475 10,361  
Cash paid for interest 224 41,145 27,042 23,029  
NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Property and equipment acquired on account 289 88 105 3,643  
Distributions declared to Optionholders but not paid 781  
Successor First Lien [Member]          
CASH FLOWS FROM FINANCING ACTIVITIES          
Borrowings from Successor First Lien Credit Facility 261,413  
Repayments of Lien Credit Facility (3,350) (363,875)  
Successor Second Lien [Member]          
CASH FLOWS FROM FINANCING ACTIVITIES          
Repayments of Lien Credit Facility (146,584)  
Predecessor First Lien [Member]          
CASH FLOWS FROM FINANCING ACTIVITIES          
Repayments of Lien Credit Facility $ (34,000)