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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities attributable to continuing operations:    
Net income (loss) and comprehensive income (loss) $ 14,401 $ (512)
Less: Loss from discontinued operations, net of tax 4,575 1,062
Net income from continuing operations 18,976 550
Adjustments to reconcile income from continuing operations to net cash provided by operating activities attributable to continuing operations:    
Loss on impairments and disposal of assets 530 468
Amortization of intangibles 13,757 13,427
Depreciation 3,378 2,482
Non-cash compensation expense 11,917 14,053
Deferred income taxes (3,061) (7,752)
Change in fair value of contingent consideration (8,122) 14,592
Bad debt expense 880 510
Amortization of debt issuance costs 582 483
Amortization of convertible debt discount 3,111 2,951
ROU asset amortization, offset by change in lease liabilities (196) 35
Changes in current assets and liabilities:    
Accounts receivable (6,952) (27,534)
Prepaid and other current assets (1,430) (207)
Accounts payable, accrued expenses and other current liabilities (3,271) 5,653
Current contingent consideration 0 (1,000)
Income taxes receivable 65 4,288
Other, net (862) 270
Net cash provided by operating activities attributable to continuing operations 29,302 23,269
Cash flows from investing activities attributable to continuing operations:    
Capital expenditures (4,189) (4,960)
Equity investment (80,000) 0
Net cash used in investing activities attributable to continuing operations (84,189) (110,405)
Cash flows from financing activities attributable to continuing operations:    
Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise of stock options (5,087) (3,585)
Contingent consideration payments (3,000) (3,000)
Net proceeds from revolving credit facility 55,000 60,000
Payment of debt issuance costs (306) (31)
Purchase of treasury stock 0 (3,976)
Other financing activities (6) 0
Net Cash Provided by (Used in) Financing Activities 46,601 49,408
Total cash used in continuing operations (8,286) (37,728)
Net cash used in operating activities attributable to discontinued operations (752) (2,827)
Total cash used in discontinued operations (752) (2,827)
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (9,038) (40,555)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 60,339 105,158
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 51,301 64,603
Non-cash investing activities:    
Capital additions from tenant improvement allowance 0 852
ValuePenguin    
Cash flows from investing activities attributable to continuing operations:    
Acquisition of businesses, net of cash acquired 0 (105,445)
QuoteWizard    
Adjustments to reconcile income from continuing operations to net cash provided by operating activities attributable to continuing operations:    
Change in fair value of contingent consideration (8,262) 14,359
Ovation    
Adjustments to reconcile income from continuing operations to net cash provided by operating activities attributable to continuing operations:    
Change in fair value of contingent consideration 141 (648)
SnapCap    
Adjustments to reconcile income from continuing operations to net cash provided by operating activities attributable to continuing operations:    
Change in fair value of contingent consideration $ (1) $ 1,592