XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (11,437) $ 860
Adjustments to reconcile net (loss) income to net cash provided by (used in) by operating activities:    
Depreciation and amortization 6,739 7,586
Non-cash loan amortization expense 287 694
Share-based compensation expense 2,432 3,678
Non-cash loss on early extinguishment of debt 2,198 0
Non-cash accrued compensation expense for Put/Call Consideration 2,627 530
Goodwill impairment 0 817
Write-off of intangible assets 199 0
Provision for bad debt 98 131
Changes in assets and liabilities, net of business acquisition:    
Accounts receivable (3,334) 5,513
Prepaid expenses and other current assets 763 (75)
Other non-current assets (258) (599)
Operating lease assets and liabilities, net (91) (81)
Accounts payable 8,672 (9,973)
Accrued expenses and other current liabilities (9,345) (515)
Deferred revenue (151) 1,328
Other (64) (62)
Net cash (used in) provided by operating activities (665) 9,832
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capitalized costs included in intangible assets (1,535) (1,211)
Business acquisition, net of cash acquired 0 (1,426)
Acquisition of property and equipment (23) (37)
Net cash used in investing activities (1,558) (2,674)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt, net of debt financing costs 49,624 0
Repayments of long-term debt (42,986) (3,873)
Exercise of stock options 934 0
Prepayment penalty on debt extinguishment (766) 0
Taxes paid related to net share settlement of vesting of restricted stock units (667) (446)
Proceeds from the issuance of stock 136 0
Repurchase of treasury stock 0 (1,300)
Net cash provided by (used in) financing activities 6,275 (5,619)
Net increase in cash, cash equivalents and restricted cash 4,052 1,539
Cash, cash equivalents and restricted cash at beginning of period 22,567 20,159
Cash, cash equivalents and restricted cash at end of period 26,619 21,698
SUPPLEMENTAL DISCLOSURE INFORMATION    
Cash paid for interest 1,097 2,100
Cash paid for income taxes 340 0
Share-based compensation capitalized in intangible assets $ 71 $ 86