XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ 37,293 $ 64,604 $ 16,051
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 129,473 138,246 142,815
Loss on extinguishment of debt 0 0 13,938
Amortization of deferred financing costs 1,807 1,804 5,936
Bad debt (recovery) expense (56) 207 (17)
Deferred taxes (19,497) 4,597 (2,924)
Share-based compensation 15,265 7,856 9,530
Loss (gain) on foreign currency exchange rates 8 91 (575)
Loss on disposal of fixed assets and impairment of ROU assets 1,608 1,263 76
Change in fair value of interest rate swaps 116 (12,429) (2,284)
Changes in operating assets and liabilities:      
Accounts receivable 2,339 9,149 (40,842)
Prepaid expenses and other assets 13,440 4,892 (10,502)
Accounts payable (8,503) 2,983 7,516
Accrued compensation and accrued liabilities (9,301) (11,365) 8,541
Deferred revenues 788 91 196
Operating lease liabilities (1,378) (898) 0
Other liabilities 347 4,724 (87)
Income taxes receivable and payable, net (929) (3,045) 1,309
Net cash provided by operating activities 162,820 212,770 148,677
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisitions of businesses, net of cash acquired (41,122) (19,052) (48,934)
Purchases of property and equipment (2,085) (6,165) (7,313)
Capitalized software development costs (25,614) (22,363) (16,485)
Other investing activities 1,974 (1,016) 305
Net cash used in investing activities (66,847) (48,596) (72,427)
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash dividends paid (217,739) 0 0
Share repurchases (58,990) (60,530) 0
Proceeds from issuance of common stock under share-based compensation plans 4,565 3,522 387
Payments on deferred purchase agreements (938) (884) (705)
Net settlement of share-based compensation plan awards (350) (378) (332)
Payments on capital and finance lease obligations (104) (884) (1,652)
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commissions 0 0 320,559
Payments of initial public offering issuance costs 0 0 (4,034)
Payments of debt issuance costs 0 0 (1,257)
Shareholder distribution 0 0 (313)
Capital contributions 0 0 241
Net cash (used in) provided by financing activities (273,556) (59,154) 63,848
Effect of exchange rate on cash, cash equivalents, and restricted cash (301) (6,014) (278)
(Decrease) increase in cash, cash equivalents, and restricted cash (177,884) 99,006 139,820
Cash, cash equivalents, and restricted cash at beginning of period 391,796 292,790 152,970
Cash, cash equivalents, and restricted cash at end of period 213,912 391,796 292,790
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid for income taxes, net of refunds received 31,623 17,475 10,361
Cash paid for interest 45,697 27,042 23,029
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Property and equipment acquired on account 118 105 3,643
Excise taxes on share repurchases incurred but not paid 490 0 0
Dividends declared but not paid 614 0 0
Successor First Lien [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings from First Lien Credit Facility 0 0 261,413
Repayments of First Lien Credit Facility 0 0 (363,875)
Successor Second Lien [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Repayment of Second Lien Credit Facility $ 0 $ 0 $ (146,584)