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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Cash flows from operating activities        
Net (loss) income $ (9,233) $ (10,934) $ (3,890) $ 3,611
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities        
Depreciation and amortization 12,414     8,894
Non-cash reduction to the right-of-use asset 1,141     1,601
Amortization of debt discount and issuance costs 525     1,011
Stock-based compensation 12,339     7,378
Deferred taxes and other (1,373)     (4,683)
Net gain on extinguishment of debt 0     (12,767)
Changes in operating assets and liabilities:        
Accounts receivable, net of allowances (11,464)     11,335
Prepaid expenses and other assets 1,230     (1,509)
Accounts payable (8,640)     (10,707)
Accrued expenses and other liabilities 6,707     (8,619)
Operating right-of-use liability (1,181)     (1,899)
Net cash provided by (used in) operating activities 2,465     (6,354)
Cash flows from investing activities        
Purchase of property, plant and equipment (3,316)     (2,889)
Capitalized software development costs (3,556)     (1,657)
Purchase of marketable securities (21,764)     (10,849)
Proceeds from sales and maturities of marketable securities 1,422     43,938
Proceeds from sale of business 208     418
Net cash (used in) provided by investing activities (27,006)     28,961
Cash flows from financing activities        
Payments on finance leases (17)     (55)
Net cash paid for debt extinguishment 0     (51,146)
Proceeds from exercises of stock options 103     155
Value of equity awards withheld for tax liabilities (1,893)     (1,016)
Net cash used in financing activities (1,807)     (52,062)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (394)     308
Net decrease in cash, cash equivalents, and restricted cash (26,742)     (29,147)
Cash, cash equivalents, and restricted cash, beginning of period 132,307   $ 85,475 114,622
Cash, cash equivalents, and restricted cash, end of period 105,565 132,307   85,475
Reconciliation of cash, cash equivalents, and restricted cash, end of period        
Cash and cash equivalents 105,390 131,987   85,298
Restricted cash included in prepaid expenses and other current assets 175     177
Total cash, cash equivalents, and restricted cash, end of period 105,565 $ 132,307   85,475
Supplemental disclosure of cash flow information        
Cash received from interest (1,113)     (334)
Cash paid (refunded) for taxes, net 440     (553)
Supplemental disclosure of noncash investing and financing activities        
Purchase of property, plant and equipment, accrued but not paid 1,069     1,348
Purchase of property and equipment through lease incentive $ 0     $ 2,155