XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net (loss) income $ (3,567) $ 5,050
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 1,687 1,836
Amortization of intangible assets 30,435 29,804
Amortization of debt issuance costs 1,144 1,142
Provision for doubtful accounts 39 31
Loss on retirement of assets 304 9
Equity-based compensation expense 20,846 2,286
Unrealized loss on interest rate swap 1,750  
Deferred income taxes 1,796 1,263
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (6,148) 1,565
Prepaid expenses and other assets (5,504) (8,610)
Accounts payable and other liabilities (1,650) (1,658)
Deferred revenues (1,575) (589)
Net cash provided by operating activities 39,557 32,129
Cash flows from investing activities:    
Capital expenditures (995) (782)
Capitalized development costs (5,490) (5,752)
Business acquisitions, net of cash acquired (14,114) (675)
Net cash used in investing activities (20,599) (7,209)
Cash flows from financing activities:    
Capital contributions   250
Unit repurchase   (1,079)
Net proceeds from public offering of common stock 133,351  
Proceeds from borrowings on long-term debt 89  
Payments on long-term debt and capital lease obligations (3,147) (23,511)
Payments on financing component of interest rate swap (216)  
Proceeds from line of credit   19,880
Payment of taxes on shares withheld for employee taxes (100)  
Payment of debt issuance costs (2,942)  
Proceeds from borrowings from affiliate   237
Payments on line of credit   (19,880)
Net cash provided by (used in) financing activities 127,035 (24,103)
Effect of foreign exchange rate changes on cash and cash equivalents, and restricted cash (1,326) 1,170
Net increase in cash and cash equivalents, and restricted cash 144,667 1,987
Cash and cash equivalents, and restricted cash, at beginning of period 273,291 29,762
Cash and cash equivalents, and restricted cash, at end of period 417,958 31,749
Supplemental disclosures of cash flow information    
Cash paid for interest 10,671 21,077
Cash paid for taxes 6,744 6,675
Supplemental schedule of non-cash investing and financing activities    
Liabilities assumed in connection with business acquisition $ 1,912  
Capital lease   831
Deferred offering costs, accrued but not paid   $ 1,430