XML 30 R5.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ (6,550) $ 1,588
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 3,253 2,425
Deferred income taxes (1,262) (55)
Amortization of deferred financing costs 37 37
Stock based compensation 1,796 1,458
Impairment of fixed assets 7,200 0
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount 2,002 0
Change in accrual for unrecognized tax benefits (81) 121
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable (2,111) (2,209)
Prepaid expense and other assets 42 376
Capitalized contract costs 859 708
Accounts payable and accrued expenses (6,768) (7,619)
Income taxes receivable/payable 154 1,496
Deferred revenue 4,382 4,785
Other, net (20) 127
Net cash flows from operating activities 2,933 3,238
Cash flows from (used in) investing activities:    
Purchases of fixed assets (4,288) (3,052)
Net cash flows from (used in) investing activities (4,288) (3,052)
Cash flows from financing activities:    
Payments on long-term debt (2,000) (15,000)
Proceeds from long-term debt 29,000 14,000
Payments under stock repurchase plan (1,643) (491)
Purchase of treasury stock related to vested restricted stock (1,348) (532)
Net cash flows used in financing activities 24,009 (2,023)
Effect of exchange rate changes (212) 59
Net change in cash and cash equivalents for the period 22,442 (1,778)
Cash and cash equivalents, beginning of period 5,381 6,472
Cash and cash equivalents, end of period $ 27,823 $ 4,694