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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net (loss) income for the period $ (5,357) $ 11,889
Adjustments for:    
Depreciation of property and equipment 1,292 1,211
Amortization of right-of-use assets 1,081 1,164
Amortization of intangible assets 2,486 2,293
Unrealized foreign exchange loss 1,122 394
Equity-settled share-based payment transactions 3,129 5,172
Finance costs 843 211
Deferred income tax (recovery) expense (130) 969
Impairment charges 1,798  
Derivative contracts designated as cash flow hedges 599 1,106
Changes in cash held in trust 2,254 (2,034)
Changes in non-cash balances related to operations (13,331) 2,200
Interest paid (812) (211)
Net cash (used in) provided by operating activities (5,026) 24,364
Cash flows from investing activities    
Acquisition of property and equipment (450) (1,231)
Additions to intangible assets (1,837) (1,147)
Net cash used in investing activities (2,287) (2,378)
Cash flows from financing activities    
Proceeds from long term debt 40,000  
Repayment of long term debt (25,000)  
Payment of lease liabilities (1,293) (1,229)
Proceeds from exercise of share options 67 21
Shares repurchased and cancelled (1,042) (10,258)
Purchase of share capital held in trust   (6,350)
Taxes paid on net settlement of RSUs (1,209) (3,122)
Net cash provided by (used in) financing activities 11,523 (20,938)
Effect of exchange rate fluctuations on cash held (1,105) (214)
Net increase in cash and cash equivalents 3,105 834
Cash and cash equivalents at beginning of the period 69,965 69,131
Cash and cash equivalents at end of the period 73,070 69,965
Interest Received 365 930
Taxes Paid $ (1,852) $ (1,601)