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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 $ 11,886 $ 11,214
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,915 12,722
Bad debt expense 261 3,860
Equity-based compensation expense 18,307 4,933
Deferred income tax expense 335 1,099
Fair value adjustments to contingent consideration 10 (355)
Non-cash lease expense (benefit) (635)  
Other, net 177 229
Changes in operating assets and liabilities (13,917) (17,379)
Net cash provided by operating activities 30,339 16,323
Cash flows from investing activities:    
Purchases of property, equipment and capitalization of software (7,551) (3,102)
Net cash used in investing activities (7,551) (3,102)
Cash flows from financing activities:    
Payments on debt (1,253) (1,322)
Distributions paid to non-controlling unitholders (6,999) (5,566)
Dividends and dividend equivalents paid to Class A common stockholders (9,143) (8,262)
Payments related to tax withholding for share-based compensation (5,298) (2,268)
Net cash used in financing activities (22,693) (17,418)
Effect of exchange rate changes on cash 355 (107)
Net increase (decrease) in cash, cash equivalents and restricted cash 450 (4,304)
Cash, cash equivalents and restricted cash, beginning of period 121,227 103,601
Cash, cash equivalents and restricted cash, end of period 121,677 99,297
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,955 4,608
Net cash paid for income taxes $ 9,792 $ 1,682