XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income (loss) $ 12,301 $ (2,370)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and accretion 3,768 2,633
Deferred income tax expense 5,605 157
Stock-based compensation 2,743 2,953
Provisions for credit losses, service credits and other 415 1,244
Changes in assets and liabilities:    
Accounts receivable 1,305 (1,276)
Prepaid expenses and other assets (1,102) (984)
Net operating lease liabilities (1,243) 500
Accounts payable, accrued liabilities and other (7,396) (3,068)
Deferred revenue (2,000) 63
Net cash provided by (used in) operating activities 14,396 (148)
Investing activities:    
Purchases of property and equipment (2,419) (1,773)
Purchase of short-term investments 0 (14,967)
Maturity of short-term investments 0 30,000
Net cash (used in) provided by investing activities (2,419) 13,260
Financing activities:    
Cash distributions to stockholders (19,404) (18,849)
Proceeds from issuance of common stock under the Employee Stock Purchase Plan 90 0
Purchase of common stock for tax withholding on vested equity awards (1,245) (1,209)
Net cash used in financing activities (20,559) (20,058)
Effect of exchange rate on cash and cash equivalents 129 (472)
Net decrease in cash and cash equivalents (8,453) (7,418)
Cash and cash equivalents, beginning of period 35,754 44,583
Cash and cash equivalents, end of period 27,301 37,165
Supplemental disclosure:    
Income taxes paid $ 236 $ 212