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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Consolidated net income (loss) $ 54,429 $ (16,964)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 7,132 10,472
Provision for allowances 3,836 3,355
Deferred income tax expense (benefit) 2,797 (650)
Non-cash lease expense 1,866 2,932
Impairment charges 2,070 16,082
Equity compensation 5,257 4,063
Other non-cash costs 833 460
Changes in operating assets and liabilities:    
Accounts receivable (122,887) (2,597)
Prepaid expenses and other assets (259) 291
Accounts payable and accrued expenses 36,675 10,388
Operating lease liabilities (4,592) (4,394)
Other 590 1,837
Net cash (used in) provided by operating activities (12,253) 25,275
Cash flows from investing activities    
Acquisitions, net of cash acquired (24,470) 0
Purchases of property and equipment (4,890) (3,659)
Net cash used in investing activities (29,360) (3,659)
Cash flows from financing activities    
Proceeds from term loan 100,000 0
Principal payments on term loan (250) 0
Debt issuance costs (4,573) (81)
Borrowings under revolving credit facility 288,467 310,965
Repayments on revolving credit facility (337,876) (325,900)
Cash paid for shares withheld for taxes (2,230) (658)
Principal payments on note payable (2,426) (2,426)
Cash payments to noncontrolling shareholder (210) (968)
Other (33) (115)
Net cash provided by (used in) financing activities 40,869 (19,183)
Effect of exchange rate changes on cash (14) (19)
Change in cash and cash equivalents (758) 2,414
Cash and cash equivalents at beginning of period 1,600 1,032
Cash and cash equivalents at end of period $ 842 $ 3,446