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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 500 $ 20,917
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,145 25,827
Amortization of contract acquisition costs 283 716
Amortization of debt issuance costs 643 268
Imputed interest expense and fair value adjustments to contingent consideration, net (1,240) 3,178
Provision for credit losses (31) 2,263
(Gain) loss on disposal of assets 510 605
Impairment losses 140 4,307
Loss on dissolution of subsidiary 0 301
Deferred income taxes (12,628) (4,994)
Excess tax benefit from equity-based awards 292 (1)
Equity-based compensation expense 5,812 4,154
(Gain) loss on foreign currency derivatives 77 (493)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (11,301) 11,089
Prepaids and other assets 3,094 13,325
Accounts payable and accrued expenses (25,845) (22,352)
Deferred revenue and other liabilities (1,080) (10,052)
Net cash (used in) provided by operating activities (15,629) 49,058
Cash flows from investing activities    
Proceeds from sale of long-live assets 25 26
Purchases of property, plant and equipment (13,473) (13,669)
Net cash used in investing activities (13,448) (13,643)
Cash flows from financing activities    
Net proceeds (borrowings) from line of credit (42,000) (30,000)
Payments on other debt (741) (600)
Payments of contingent consideration and hold back payments to acquisitions 0 (9,162)
Dividends paid to shareholders 0 0
Payments of debt issuance costs (1,100) 0
Payments to noncontrolling interest (2,520) (3,367)
Tax payments related to issuance of restricted stock units (127) (510)
Net cash (used in) provided by financing activities (46,488) (43,639)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,847 878
Increase (decrease) in cash, cash equivalents and restricted cash (73,718) (7,346)
Cash, cash equivalents and restricted cash, beginning of period 173,905 167,064
Cash, cash equivalents and restricted cash, end of period 100,187 159,718
Supplemental disclosures    
Cash paid for interest 19,755 17,097
Cash paid for income taxes 17,561 4,793
Non-cash investing and financing activities    
Acquisition of long lived assets through finance leases 200 197
Acquisition of equipment through increase in accounts payable, net (2,426) 5,079
Dividends declared but not paid $ 2,847 $ 24,572