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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,529 $ 159
Reconciliation of net income to net cash provided (used in) by operating activities:    
Depreciation 2,517 2,480
Amortization of intangible assets 4,235 4,146
Gain on sale of property and equipment 0 (246)
Provision for credit losses (147) (682)
Fair value adjustment on contingent consideration 531 0
Amortization of debt issuance costs 458 427
Restricted stock compensation expense 370 380
Deferred income taxes 411 580
Net change in operating assets and liabilities (18,224) 1,333
Net cash provided by operating activities 2,680 8,577
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (740) (680)
Proceeds from the sale of property and equipment 0 1,297
Acquisition of business, net of cash acquired (5,316) 0
Net cash (used in) provided by investing activities (6,056) 617
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (825) (825)
Preferred Stock dividends paid (23) (23)
Purchase of treasury stock (8,315) 0
Payment for employee taxes withheld from stock awards (159) (517)
Net cash used in financing activities (9,322) (1,365)
Effect of foreign currency on cash 268 204
Net change in cash and restricted cash (12,430) 8,033
Cash and restricted cash at beginning of period 49,080 119,419
Cash and restricted cash at end of period 36,650 127,452
Supplemental schedule of non-cash investing and financing activities:    
Shares issued for acquisitions (Note 13) $ 527 $ 0