XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (1,690) $ (7,748)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 484 551
Stock-based compensation 882 23
Deferred income tax 541 (609)
Impairment of intangible assets and goodwill 0 2,920
Loss on long-lived assets 0 437
Loss on equity investment in WeGo 0 195
Net foreign currency effect (152) (681)
Provision for (reversal of) loss on accounts receivable, refund reserve and other (454) 1,441
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (2,229) 2,509
Prepaid income taxes (545) 989
Prepaid expenses and other (2,357) 862
Accounts payable 1,727 547
Merchant payable 13,212 (6,940)
Accrued expenses and other (641) 704
Income tax payable (126) (333)
Other liabilities 412 2,077
Net cash provided by (used in) operating activities 9,064 (3,056)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired 0 (679)
Purchases of property and equipment (7) (131)
Net cash used in investing activities (7) (810)
Cash flows from financing activities:    
Repurchase of common stock (1,583) (1,205)
Payment of promissory notes payable 0 (1,000)
Net cash used in financing activities (1,583) (2,205)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 270 (272)
Net increase (decrease) in cash, cash equivalents and restricted cash 7,744 (6,343)
Cash, cash equivalents and restricted cash at beginning of period 64,385 20,710
Cash, cash equivalents and restricted cash at end of period 72,129 14,367
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 592 542
Right-of-use assets obtained in exchange for lease obligations—operating leases 1,020 3,207
Cash paid for amounts included in the measurement of lease liabilities 1,099 1,310
Non-cash investing and financing activities:    
Issuance of promissory notes to the sellers of Jack's Flight Club 0 11,000
Accrued employee payroll taxes on cashless exercise $ 2,841 $ 0