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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ (12,051) $ (55,357) $ 14,731
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization of property and equipment 1,994 1,552 1,731
Amortization of intangible assets 66,039 54,519 50,739
Amortization of debt issuance costs 1,035 1,527 1,540
Provision for credit losses 1,464 684 1,072
Equity-based compensation expense 34,774 28,300 30,345
Change in fair value of contingent considerations 8,089 24,118 0
Goodwill impairment 0 46,984 0
Deferred income taxes (12,695) (16,523) (11,511)
Changes in assets and liabilities      
Accounts receivable (16,225) 152 (15,009)
Prepaid and other assets (2,873) 711 126
Accounts payable and accrued expenses, and other liabilities (4,765) (5,607) 9,080
Deferred revenue 13,834 28 9,530
Other operating activities, net 1,846 1,667 169
Net cash provided by operating activities 80,466 82,755 92,543
Cash flows from investing activities:      
Capital expenditures (1,625) (1,777) (1,430)
Capitalized software development costs (19,416) (13,491) (11,099)
Investment in intangible assets 0 (54) 0
Business acquisitions, net of cash acquired (91,327) (64,228) (15,308)
Net cash used in investing activities (112,368) (79,550) (27,837)
Cash flows from financing activities:      
Proceeds from borrowings on term loan debt 6,305 0 0
Payment of debt issuance costs (1,216) 0 0
Payments on long-term debt and finance lease obligations (2,255) (3,045) (3,313)
Payments for business acquisition related contingent consideration (15,156) 0 0
Payments on financing component of interest rate swap 0 0 (1,088)
Payment of taxes on shares and units withheld for employee taxes (8,688) (6,402) (2,962)
Net cash used in financing activities (21,010) (9,447) (7,363)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (2,856) 1,505 (4,279)
Net increase (decrease) in cash, cash equivalents, and restricted cash (55,768) (4,737) 53,064
Cash, cash equivalents, and restricted cash, at beginning of year 234,951 239,688 186,624
Cash, cash equivalents, and restricted cash, at end of year 179,183 234,951 239,688
Supplemental disclosures of cash flow information      
Cash paid for interest 22,737 19,089 17,268
Cash paid for taxes 14,658 19,320 10,141
Supplemental schedule of noncash investing and financing activities      
Contingent liabilities established in connection with business acquisition 0 11,308 19,813
Stock issuance related to business acquisition contingent consideration $ 3,707 $ 0 $ 0