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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities attributable to continuing operations:        
Net (loss) income and comprehensive (loss) income $ (29,757) $ 12,218 $ (15,356) $ 11,706
Less: Loss from discontinued operations, net of tax 21,141 763 25,716 1,825
Net income from continuing operations (8,616) 12,981 10,360 13,531
Adjustments to reconcile income from continuing operations to net cash provided by operating activities attributable to continuing operations:        
Loss (gain) on impairments and disposal of assets     552 (1,729)
Amortization of intangibles 13,756 14,280 27,513 27,707
Depreciation 3,550 2,559 6,928 5,041
Non-cash compensation expense     25,075 30,035
Deferred income taxes     (7,000) (13,624)
Change in fair value of contingent consideration 9,175 2,790 1,053 17,382
Bad debt expense 69 772 949 1,282
Amortization of debt issuance costs     1,158 970
Amortization of convertible debt discount     6,250 5,929
ROU asset amortization, offset by change in lease liabilities     1,956 184
Changes in current assets and liabilities:        
Accounts receivable     35,501 (48,396)
Prepaid and other current assets     1,369 (190)
Accounts payable, accrued expenses and other current liabilities     (19,134) 28,105
Current contingent consideration     (2,670) (3,000)
Income taxes receivable     63 4,388
Other, net     (2,007) 260
Net cash provided by operating activities attributable to continuing operations     87,916 67,875
Cash flows from investing activities attributable to continuing operations:        
Capital expenditures     (9,108) (9,769)
Proceeds from sale of fixed assets     0 24,062
Equity investment     (80,000) 0
Net cash used in investing activities attributable to continuing operations     (89,108) (90,838)
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     (6,068) (7,646)
Contingent consideration payments     (3,330) (3,000)
Net proceeds from (repayment of) revolving credit facility     55,000 (10,000)
Payment of debt issuance costs     (306) (31)
Purchase of treasury stock     0 (3,976)
Other financing activities     (14) 0
Net Cash Provided by (Used in) Financing Activities     45,282 (24,653)
Total cash provided by (used in) continuing operations     44,090 (47,616)
Net cash used in operating activities attributable to discontinued operations     (2,571) (6,152)
Total cash used in discontinued operations     (2,571) (6,152)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents     41,519 (53,768)
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 101,858 51,390 101,858 51,390
Non-cash investing activities:        
Capital additions from tenant improvement allowance     0 1,111
ValuePenguin        
Cash flows from investing activities attributable to continuing operations:        
Acquisition of businesses, net of cash acquired     0 (105,578)
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 8,058 2,534 (204) 16,893
Cash flows from investing activities attributable to continuing operations:        
Acquisition of businesses, net of cash acquired     0 447
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 1,039 634 1,180 (14)
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 $ 78 $ (142) $ 77 $ 1,450