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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income $ 60,865 $ 39,566
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49,626 75,429
Amortization of debt issuance costs 1,930 534
Deferred income taxes (51,439) (42,150)
Provision for credit losses 292 22,436
Provision for service credits 8,719 17,197
Stock-based compensation expense (benefit) 3,892 (5,484)
Other components of net periodic pension (benefit) cost (725) 1,137
Loss on termination of leaseback obligations 3,409 0
(Gain) loss on disposal/write-off of fixed assets and capitalized software (44) 3,491
Impairment charges 3,611 18,230
Non-cash (gain) loss from remeasurement of indemnification asset (844) 4,418
Loss on foreign currency exchange rates 640 0
Other, net (17) 0
Changes in working capital items, excluding acquisitions:    
Accounts receivable 70,491 (28,791)
Contract assets 2,402 (2,050)
Prepaid expenses and other assets (7,567) 3,177
Accounts payable and accrued liabilities (51,133) (67,064)
Accrued income taxes, net 3,258 64,821
Operating lease liability (2,407) (3,482)
Contract liabilities (13,157) (3,544)
Net cash provided by operating activities 81,802 97,871
Cash Flows from Investing Activities    
Additions to fixed assets and capitalized software (14,315) (12,975)
Proceeds from the sale of building and fixed assets 63 1,502
Acquisition of a business, net of cash acquired (174,190) 0
Net cash (used in) investing activities (188,442) (11,473)
Cash Flows from Financing Activities    
Proceeds from New Term Loan 418,070 0
Proceeds from New Term Loan, related party 260,930 0
Proceeds from ABL Facility 545,809 606,455
Payments of ABL Facility (567,025) (596,969)
Purchase of treasury stock 0 (30,626)
Other 3,305 (191)
Net cash provided by (used in) financing activities 123,479 (86,721)
Effect of exchange rate changes on cash and cash equivalents (819) 0
Increase (decrease) in cash and cash equivalents and restricted cash 16,020 (323)
Cash and cash equivalents and restricted cash, beginning of period 2,406 1,912
Cash and cash equivalents and restricted cash, end of period 18,426 1,589
Supplemental Information    
Interest expense 37,608 39,671
Cash paid for income taxes, net 38,411 11,902
Senior Term Loan, related party, net    
Cash Flows from Financing Activities    
Repayments of term loan (335,821) (45,090)
Repayments of term loan, related party (113,789) (20,300)
New Term Loan    
Cash Flows from Financing Activities    
Repayments of term loan (62,089) 0
Repayments of term loan, related party $ (25,911) $ 0