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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Cash flows from operating activities        
Net loss $ (3,740) $ (1,759) $ 4,055 $ (9,233)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities        
Depreciation and amortization 12,503     12,414
Non-cash reduction to the right-of-use asset 753     1,141
Amortization of debt discount and issuance costs 365     525
Stock-based compensation 13,575     12,339
Deferred taxes and other (1,776)     (1,373)
Net gain on extinguishment of debt (1,082)     0
Changes in operating assets and liabilities:        
Accounts receivable, net of allowances (253)     (11,464)
Prepaid expenses and other assets (5,366)     1,230
Accounts payable (10,932)     (8,640)
Accrued expenses and other liabilities (8,072)     6,707
Operating right-of-use liability 942     (1,181)
Net cash (used in) provided by operating activities (3,083)     2,465
Cash flows from investing activities        
Purchase of property, plant and equipment (7,368)     (3,316)
Capitalized software development costs (2,844)     (3,556)
Purchase of marketable securities (4,717)     (21,764)
Proceeds from sales and maturities of marketable securities 987     1,422
Proceeds from sale of business 103     208
Net cash used in investing activities (13,839)     (27,006)
Cash flows from financing activities        
Borrowings on line of credit 15,000     0
Repayments on line of credit (15,000)     0
Payments on finance leases (15)     (17)
Net cash paid for debt extinguishment (26,120)     0
Proceeds from exercises of stock options 9     103
Value of equity awards withheld for tax liabilities (2,907)     (1,893)
Net cash used in financing activities (29,033)     (1,807)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (124)     (394)
Net decrease in cash, cash equivalents, and restricted cash (46,079)     (26,742)
Cash, cash equivalents, and restricted cash, beginning of period 82,234   $ 105,565 132,307
Cash, cash equivalents, and restricted cash, end of period 36,155 82,234   105,565
Reconciliation of cash, cash equivalents, and restricted cash, end of period        
Cash and cash equivalents 35,933 81,812   105,390
Restricted cash included in prepaid expenses and other current assets 222     175
Total cash, cash equivalents, and restricted cash, end of period 36,155 $ 82,234   105,565
Supplemental disclosure of cash flow information        
Cash received from interest (232)     (1,113)
Cash (refunded) paid for taxes, net (4)     440
Right-of-use assets obtained in exchange for new operating lease liabilities 567     0
Supplemental disclosure of noncash investing and financing activities        
Purchase of property, plant and equipment, accrued but not paid 2,107     1,069
Purchase of property and equipment through lease incentive $ 1,014     $ 0