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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net loss $ (82,794) $ (49,281)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 5,739 7,140
Stock-based compensation 5,930 5,507
Deferred income taxes (77) (2,210)
Change in provision for doubtful accounts (487) 152
Change in provision for excess and obsolete inventory 2,934 4,230
Gain on disposal of assets 12  
Non-cash operating lease expense 1,138  
Loss on extinguishment of debt [1] 28,822  
Changes in operating assets and liabilities:    
Accounts receivable 27,155 17,585
Inventory (5,251) 2,249
Prepaid expenses and other assets (2,746) 1,226
Prepaid income taxes 2,943 21,441
Accounts payable (6,549) (13,865)
Accrued expenses and other current liabilities 2,352 (11,375)
Operating lease liabilities (1,055)  
Accrued income taxes (3,440) 3,839
Deferred revenue 21,382 22,972
Net cash (used in) provided by operating activities (3,992) 9,610
Investing activities:    
Purchases of property and equipment (984) (1,597)
Purchases of software licenses (92) (513)
Net cash used in investing activities (1,076) (2,110)
Financing activities:    
Principal repayments of debt (41,988) (1,500)
Payment for debt issuance costs (13,279)  
Proceeds from exercise of stock options 2 254
Employee taxes paid related to net share settlement of equity awards (2,995) (1,628)
Proceeds from sale of common stock, net of issuance costs   39,370
Payments of dividends and equitable adjustments   (1)
Repurchases of common stock   (1,192)
Net cash (used in) provided by financing activities (58,260) 35,303
Effect of exchange rate changes on cash and cash equivalents (207) (1,671)
Net (decrease) increase in cash, cash equivalents and restricted cash (63,535) 41,132
Cash, cash equivalents and restricted cash at beginning of period 129,425 157,804
Cash, cash equivalents and restricted cash at end of period [2] 65,890 198,936
Supplemental disclosures of cash flow information:    
Cash paid for interest 9,114 6,999
Cash paid for income taxes 4,129 7,511
Supplemental disclosures of non-cash operating, investing and financing activities:    
Purchases of property and equipment included in accounts payable $ 20 $ 469
[1] Loss related to Term Loan B refinancing and issuance of warrants during the three and six months ended June 30, 2023 (see Note 10)
[2] See Note 2 of the accompanying notes for a reconciliation of the ending balance of cash, cash equivalents and restricted cash shown in these unaudited condensed consolidated statements of cash flows.