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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss applicable to common stockholders $ (38,446) $ (4,042)
Less:    
Income from discontinued operations, net of tax 3,572 5,690
Loss from continuing operations (42,018) (9,732)
Adjustments to reconcile net loss to net cash provided by continuing operating activities:    
Amortization and depreciation 7,248 8,125
Acquisition and disposition related benefits (1,596) (1,082)
Allowance for doubtful accounts and advertiser credits 1,274 246
Deferred income taxes (826) (1,733)
Stock-based compensation 3,834 3,147
Impairment of goodwill [1] 14,688  
Impairment of intangible assets from acquisitions 4,959  
Change in certain assets and liabilities:    
Accounts receivable, net (80) 36
Prepaid expenses, other current assets, and other assets (1,116) 903
Accounts payable 1,791 (218)
Accrued expenses and other current liabilities 4,309 376
Deferred revenue and deposits 527 (783)
Other non-current liabilities   (121)
Net cash (used in) continuing operating activities (7,006) (836)
Net cash provided by discontinued operating activities 3,633 5,930
Net cash provided by (used in) operating activities (3,373) 5,094
Cash flows from investing activities:    
Cash from sale of discontinued operations 2,250  
Purchases of property and equipment (1,353) (1,623)
Purchases of intangible assets and changes in other non-current assets (4) (60)
Cash paid for acquisitions, net of cash acquired 88 (7,921)
Net cash provided by (used in) continuing investing activities 981 (9,604)
Net cash provided by (used in) discontinued investing activities   (79)
Net cash provided by (used in) investing activities 981 (9,683)
Cash flows from financing activities:    
Repurchase of Class B common stock for treasury stock (10,852)  
Proceeds from Cares Act loans 5,119  
Proceeds from exercises of stock options, issuance and vesting of restricted stock and employee stock purchase plan, net 80 1,885
Net cash provided by (used in) continuing financing activities (5,653) 1,885
Net cash provided by (used in) discontinued financing activities 165  
Net cash provided by (used in) financing activities (5,488) 1,885
Net decrease in cash and cash equivalents (7,880) (2,704)
Cash and cash equivalents at beginning of period 41,731 45,230
Less: Cash and cash equivalents of discontinued operations at end of period   (795)
Cash and cash equivalents of continuing operations at end of period 33,851 41,731
Supplemental disclosure of cash flow information:    
Cash received (paid) during the period for income taxes, net of refunds (35) 31
Cash received during the period for interest, net 105 779
Cash paid for operating leases 1,765 1,693
Right-of-use assets obtained in exchanged for new operating lease liabilities 1,121  
Change in right-of-use assets obtained in exchange for operating lease liabilities 1,741  
Supplemental disclosure of non-cash investing and financing activities:    
Deferred issuance of Class B common stock in connection with acquisition   3,803
Issuance of deferred Class B common stock in connection with prior deferred issuance from acquisition 11 8
Property and equipment acquired in accounts payable and accrued expenses 15 45
Acquisition-related liabilities not paid   $ 1,016
Retirement of treasury stock $ 10,852  
[1]

(2) The impairment is recorded on the Company's Consolidated Statement of Operations within Impairment of goodwill.