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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 33,511 $ 36,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,969 19,718
Amortization of debt issuance costs 1,441 433
Deferred income taxes (5,671) (13,249)
Provision for credit losses and service credits 5,467 6,546
Stock-based compensation expense 1,928 1,971
Other components of net periodic pension (benefit) (70) (453)
Loss on foreign currency exchange rates 1,077 835
Bargain purchase gain (7,297) 0
Other 1,440 320
Changes in working capital items, excluding acquisitions:    
Accounts receivable (12,361) 26,846
Contract assets 1,285 1,446
Prepaid expenses and other assets (6,920) (10,998)
Accounts payable and accrued liabilities (9,775) (57,861)
Other liabilities 3,303 2,144
Net cash provided by operating activities 29,327 14,204
Cash Flows from Investing Activities    
Additions to fixed assets and capitalized software (3,999) (3,668)
Acquisition of a business, net of cash acquired (22,003) (174,190)
Net cash (used in) investing activities (26,002) (177,858)
Cash Flows from Financing Activities    
Proceeds from ABL Facility 302,374 249,936
Payments of ABL Facility (279,327) (285,492)
Proceeds from exercises of stock options and stock warrants 839 1,560
Other 0 (3,598)
Net cash provided by financing activities 6,386 191,796
Effect of exchange rate changes on cash and cash equivalents 541 (707)
Increase in cash and cash equivalents and restricted cash 10,252 27,435
Cash and cash equivalents and restricted cash, beginning of period 13,557 2,406
Cash and cash equivalents and restricted cash, end of period 23,809 29,841
Supplemental Information    
Cash paid for interest 11,966 17,286
Cash paid for income taxes, net 15,421 15,753
New Term Loan    
Cash Flows from Financing Activities    
Proceeds from issuance of senior long-term debt 0 418,070
Proceeds from related party debt 0 260,930
Repayments of senior debt (15,444) 0
Repayments of term loan, related party (2,056) 0
Senior Term Loan    
Cash Flows from Financing Activities    
Repayments of senior debt 0 (335,821)
Repayments of term loan, related party $ 0 $ (113,789)