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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (747) $ (484)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation expense 1,355 1,352
Amortization of intangible assets 1,705 2,007
Deferred tax expense from stock issuances 884 115
Write-off of deferred financing costs 167  
Amortization of deferred financing costs 218 312
Stock-based compensation 4,385 4,694
Provisions for accounts receivable 676 313
Deferred tax provision 315 675
Loss on disposal of fixed assets   4
Changes in operating assets and liabilities:    
Accounts receivable and contract assets 8,708 (6,970)
Prepaid expense and other assets 1,699 1,067
Accounts payable 1,433 (617)
Contract liabilities (1,747) (2,611)
Accrued expenses 7,920 725
Net cash provided by operating activities 26,971 582
Cash flows from investing activities    
Purchase of furniture, fixtures and equipment (427) (674)
Net cash used in investing activities (427) (674)
Cash flows from financing activities    
Principal payments on borrowings, net (5,938) (2,125)
Payment of contingent consideration   (865)
Proceeds from issuance of employee stock purchase plan shares 279 429
Debt financing costs (934)  
Payments related to tax withholding for stock-based compensation (1,631) (2,571)
Equity securities repurchased (4,775) (2,976)
Net cash used in financing activities (12,999) (8,108)
Effect of exchange rate changes on cash (146) (26)
Net increase (decrease) in cash, cash equivalents, and restricted cash 13,399 (8,226)
Cash, cash equivalents, and restricted cash, beginning of period 18,241 18,725
Cash, cash equivalents, and restricted cash, end of period 31,640 $ 10,499
Non-cash investing and financing activities:    
Issuance of treasury stock for vested restricted stock awards $ 5,641