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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net income $ 25,292 $ 91,513
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,098 42,561
Amortization of deferred commissions 5,032 5,174
Amortization of debt issuance costs 2,721 2,883
Deferred income taxes (9,135) (16,752)
Provision for credit losses and service credits 11,580 13,043
Stock-based compensation expense 11,191 5,738
Other components of net periodic pension cost (benefit) 1,986 (9,223)
Impairment charges 0 222
Gain on foreign currency exchange rates (881) (1,622)
Non-cash loss (gain) from remeasurement of indemnification asset 10,734 (887)
Bargain purchase gain 0 (7,005)
Other 0 1,688
Changes in working capital items, excluding acquisitions:    
Accounts receivable 25,075 (10,298)
Contract assets 837 1,793
Prepaid expenses and other assets 10,090 2,748
Accounts payable and accrued liabilities (38,654) (29,472)
Other liabilities (29,230) (35,201)
Net cash provided by operating activities 57,736 56,903
Cash Flows from Investing Activities    
Additions to fixed assets and capitalized software (14,016) (9,648)
Acquisition of a business, net of cash acquired (8,897) (22,777)
Other (217) 0
Net cash (used in) investing activities (23,130) (32,425)
Cash Flows from Financing Activities    
Proceeds from ABL Facility 483,473 488,547
Payments of ABL Facility (469,750) (471,866)
Other 3,826 4,338
Net cash (used in) financing activities (34,951) (21,481)
Effect of exchange rate changes on cash and cash equivalents (240) (627)
(Decrease) increase in cash and cash equivalents and restricted cash (585) 2,370
Cash and cash equivalents and restricted cash, beginning of period 18,180 13,557
Cash and cash equivalents and restricted cash, end of period 17,595 15,927
Supplemental Information    
Cash paid for interest 29,592 24,915
Cash paid for income taxes, net 7,419 36,934
Non-cash investing and financing activities    
Repurchase of Treasury stock as a result of the settlement of the indemnification asset 15,760 0
Term Loan    
Cash Flows from Financing Activities    
Payments of Term Loan (52,500) (36,828)
Payments of Term Loan, related party $ 0 $ (5,672)