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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income (loss) $ (47,024) $ (16,627)
Non-cash items included in net income (loss):    
Depreciation and amortization 4,914 3,225
Net investment (gains) losses (1) 18
Restricted stock units recognized, net 17,228 23,218
Deferred taxes, net (2,230) (1,470)
Non-cash interest expense 7,734 0
Allowance for doubtful accounts 222 (335)
Changes in operating assets and liabilities:    
Fees receivable 19,352 1,621
Other receivables and assets (15,414) (12,066)
Compensation payable (61) (19,686)
Accounts payable and accrued expenses 3,931 4,523
Current income taxes payable (8,399) (6,402)
Net cash provided (used) by operating activities (19,748) (23,981)
Investing activities:    
Purchases of property and equipment (2,328) (3,600)
Net cash used in investing activities (2,328) (3,600)
Financing activities:    
Proceeds from secured promissory note 270,079 0
Repayment of secured term loan (271,875) 0
Dividends paid (8,233) (6,148)
Purchase of treasury stock (10,760) (30,434)
Net cash used in financing activities (20,789) (36,582)
Effect of exchange rate changes (950) (6,149)
Net decrease in cash and cash equivalents (43,815) (70,312)
Cash and cash equivalents, beginning of the period 104,336 134,624
Cash and cash equivalents, end of the period 60,521 64,312
Supplemental disclosure of cash flow information:    
Cash paid for interest 9,173 7,541
Cash paid for taxes, net of refunds $ 5,511 $ 4,823