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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
Net (loss) $ (82,099) $ (1,754)
Adjustments to reconcile net (loss) to net cash provided by operating activities:    
Depreciation and amortization 41,144 46,940
Amortization of deferred commissions 14,251 10,304
Amortization of debt issuance costs 3,151 4,080
Deferred income taxes (11,823) 808
Provision for credit losses and service credits 16,496 15,594
Stock-based compensation expense 17,653 16,653
Other components of net periodic pension cost 4,743 3,888
Impairment charges 83,094 0
Loss on foreign currency exchange rates 933 164
Non-cash loss from the remeasurement of the indemnification asset 0 10,734
Loss on early extinguishment of debt 6,638 0
Other (3,167) 0
Changes in working capital items, excluding acquisitions:    
Accounts receivable 18,161 59,238
Contract assets (6,160) 1,111
Prepaid expenses and other assets (7,079) 23,489
Accounts payable and accrued liabilities (14,108) (63,469)
Other liabilities (18,188) (24,132)
Net cash provided by operating activities 63,640 103,648
Cash Flows from Investing Activities    
Additions to fixed assets and capitalized software (24,730) (22,920)
Acquisition of a business, net of cash acquired 0 (8,897)
Other 0 (215)
Net cash used in investing activities (24,730) (32,032)
Cash Flows from Financing Activities    
Debt issuance costs (5,480) 0
Purchase of treasury stock (499) 0
Proceeds from exercise of stock warrants 0 15,899
Other 5,646 4,124
Net cash used in financing activities (45,446) (72,138)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (120) (707)
(Decrease) in cash, cash equivalents and restricted cash (6,656) (1,229)
Cash, cash equivalents and restricted cash, beginning of period 20,530 18,180
Cash, cash equivalents and restricted cash, end of period 13,874 16,951
Supplemental Information    
Cash paid for interest 35,299 44,029
Cash paid for income taxes, net 14,960 7,605
Non-cash investing and financing activities    
Repurchase of Treasury stock as a result of the settlement of the indemnification asset 0 15,760
Term Loan | Nonrelated Party    
Cash Flows from Financing Activities    
Proceeds from Term Loan 234,256 0
Payments of Term Loan (345,151) (95,000)
Term Loan | Related Party    
Cash Flows from Financing Activities    
Proceeds from Term Loan 109,444 0
Payments of Term Loan (16,717) 0
ABL Facility | Revolving Credit Facility    
Cash Flows from Financing Activities    
Proceeds from ABL Facility 247,579 697,234
Payments of ABL Facility $ (274,524) $ (694,395)