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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income (loss) $ 7,530 $ (747)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation expense 1,257 1,355
Amortization of intangible assets 1,358 1,705
Deferred tax (benefit) expense from stock issuances (1,358) 884
Write-off of deferred financing costs   167
Amortization of deferred financing costs 179 218
Stock-based compensation 3,576 4,385
Change in fair value of contingent consideration 66  
(Benefits) provisions for accounts receivable (149) 676
Deferred tax provision 1,785 315
Changes in operating assets and liabilities:    
Accounts receivable and contract assets (2,300) 8,708
Prepaid expense and other assets 1,290 1,699
Accounts payable 4,849 1,433
Contract liabilities 2,365 (1,747)
Accrued expenses 482 7,920
Net cash provided by operating activities 20,930 26,971
Cash flows from investing activities    
Purchase of furniture, fixtures and equipment (965) (427)
Net cash used in investing activities (965) (427)
Cash flows from financing activities    
Principal payments on borrowings (2,150) (5,938)
Proceeds from issuance of employee stock purchase plan shares 287 279
Debt financing costs   (934)
Payments related to tax withholding for stock-based compensation (4,595) (1,631)
Cash dividends paid to shareholders (1,451)  
Treasury shares repurchased (11,216) (4,775)
Net cash used in financing activities (19,125) (12,999)
Effect of exchange rate changes on cash (778) (146)
Net increase in cash, cash equivalents, and restricted cash 62 13,399
Cash, cash equivalents, and restricted cash, beginning of period 43,825 18,241
Cash, cash equivalents, and restricted cash, end of period 43,887 31,640
Non-cash investing and financing activities:    
Issuance of treasury stock for vested restricted stock awards $ 6,323 $ 5,641