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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Net income (loss) $ 837 $ (1,688)
Adjustments to reconcile net income (loss) to net cash, cash equivalents, and restricted cash used in operating activities:    
Depreciation and amortization 3,347 1,440
Loss (gain) on disposal of property, equipment, and software 82 (2)
Share-based compensation expense 924  
Deferred income taxes (1,214) (445)
Amortization of debt issuance costs and debt discount 822 24
Fair value adjustments to contingent earnout obligations 759 0
Non-cash lease expense 911 0
Changes in operating assets and liabilities:    
Accounts receivable 14,361 3,484
Commissions receivable (45,942) (18,945)
Other assets 1,790 (721)
Accounts payable and accrued expenses (8,718) 4,933
Operating lease liabilities (995) 0
Other liabilities 23,691 201
Net cash used in operating activities (9,345) (11,697)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (2,751) (3,002)
Proceeds from sales of property and equipment 0 3
Purchases of software and capitalized software development costs (1,585) (1,282)
Acquisition of business 121 0
Net cash used in investing activities (4,215) (4,281)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving line of credit 0 42,868
Payments on revolving line of credit 0 (31,153)
Proceeds from other debt 0 4,600
Payments on other debt (68) (831)
Proceeds from common stock option exercises 309 1,663
Payments of tax withholdings related to net share settlement of equity awards (2,509) 0
Payments of debt issuance costs 0 (885)
Net cash (used in) provided by financing activities (7,938) 16,262
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (21,498) 284
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period 368,869 570
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period 347,371 854
Reconciliation to the Consolidated Balance Sheets:    
Total cash, cash equivalents, and restricted cash 347,371 854
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net (5,992) (582)
(Payments) refunds of income taxes, net (13) 27
Private Placement    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of stock issuance costs (1,771) 0
IPO    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of stock issuance costs $ (3,899) $ 0