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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net (loss) income $ 132,002 $ (12,142) $ (55,943)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation and amortization 9,852 12,671 14,075
Provision for allowances 6,499 4,269 3,243
Deferred income tax (benefit) expense (9,927) (932) 31,159
Non-cash lease expense 2,424 3,547 4,989
Impairment charges 2,070 16,248 16,306
Loss on early extinguishment of debt 0 0 1,978
Equity compensation 6,894 5,403 3,396
Other non-cash costs 1,828 990 513
Changes in operating assets and liabilities:      
Accounts receivable (318,420) (4,745) (6,642)
Prepaid expenses and other assets (3,364) (2,083) (1,574)
Accounts payable and accrued expenses 83,286 7,239 (1,308)
Operating lease liabilities (6,753) (5,872) (5,820)
Other 7,991 2,611 1,170
Net cash (used in) provided by operating activities (85,618) 27,204 5,542
Cash flows from investing activities      
Acquisitions, net of cash acquired (26,876) 0 0
Purchases of property and equipment (7,170) (4,615) (2,940)
Net cash used in investing activities (34,046) (4,615) (2,940)
Cash flows from financing activities      
Proceeds from term loan 175,000 0 0
Principal payments on term loan (688) 0 (83,876)
Principal payments on note payable (2,426) (2,426) 0
Borrowings under revolving credit facility 0 0 5,000
Repayments on revolving credit facility 0 0 (5,000)
Debt issuance costs (6,098) (81) (2,058)
Proceeds under Senior Secured Asset-Based revolving credit facility 0 0 76,640
Borrowings under Senior Secured Asset-Based revolving credit facility 443,544 420,334 71,934
Repayments on Senior Secured Asset-Based revolving credit facility (487,753) (437,900) (77,600)
Cash paid for shares withheld for taxes (2,230) (658) (801)
Cash payments to noncontrolling shareholder (210) (1,153) (1,573)
Other (45) (126) (265)
Net cash provided by (used in) financing activities 119,094 (22,010) (17,599)
Effect of exchange rate changes on cash 6 (11) 10
Change in cash and cash equivalents (564) 568 (14,987)
Cash and cash equivalents at beginning of year 1,600 1,032 16,019
Cash and cash equivalents at end of year 1,036 1,600 1,032
Supplemental disclosure of cash flow information:      
Interest paid 5,773 2,666 4,554
Income taxes paid $ 3,608 $ 612 $ 555