XML 20 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,045 $ (26,682)
Net loss from discontinued operations 0 21,124
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 3,317 3,331
Non-cash interest expense and related amortization 319 724
Share-based compensation expense 2,275 6,648
Recovery of bad debt 0 (14)
Allocation of expenses to Red Violet 0 (325)
Deferred income taxes (35) 0
Changes in assets and liabilities:    
Accounts receivable 4,629 2,127
Prepaid expenses and other current assets (601) (1,609)
Other non-current assets (21) 537
Operating lease assets and liabilities 587  
Accounts payable (1,629) (3,291)
Accrued expenses and other current liabilities (4,929) 359
Deferred revenue 230 (46)
Other liabilities (22) 0
Net cash provided by operating activities from continuing operations 5,165 2,883
Net cash used in operating activities from discontinued operations 0 (5,835)
Net cash provided by (used in) operating activities 5,165 (2,952)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (1,385) (22)
Capitalized costs included in intangible assets (357) (177)
Capital contributed to Red Violet 0 (19,728)
Net cash used in investing activities from continuing operations (1,742) (19,927)
Net cash used in investing activities from discontinued operations 0 (1,386)
Net cash used in investing activities (1,742) (21,313)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of shares, net of issuance costs 0 13,392
Proceeds from debt obligations, net of debt costs 0 67,182
Repayments of long-term debt (875) (67,107)
Taxes paid related to net share settlement of vesting of restricted stock units (1,610) (398)
Net cash (used in) provided by financing activities (2,485) 13,069
Net increase (decrease) in cash, cash equivalents and restricted cash 938 (11,196)
Cash, cash equivalents and restricted cash at beginning of period 19,249 16,564
Cash, cash equivalents and restricted cash at end of period 20,187 5,368
SUPPLEMENTAL DISCLOSURE INFORMATION    
Cash paid for interest 1,402 1,678
Cash paid for income taxes 0 0
Share-based compensation capitalized in intangible assets 15 55
Non-cash additions to property and equipment 138 0
Reclassification of puttable option from liability to equity $ 1,150 $ 0