XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 3,997 $ (80,107)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 22,489 24,236
Equity-based compensation expense 14,443 14,050
Bad debt expense 1,039 4,903
Deferred income tax expense (benefit) 434 51,799
Fair value adjustments to contingent consideration (300) (379)
Settlement payment, net   55,000
Loss (gain) on sale or disposition of assets, net 160 386
Non-cash lease benefit (2,110) (2,242)
Non-cash debt charges 646 644
Payment of contingent consideration in excess of acquisition date fair value (360)  
Gain on reduction in tax receivable agreement liability   (24,917)
Other, net 53 (73)
Changes in operating assets and liabilities 2,376 (23,675)
Net cash provided by operating activities 42,867 19,625
Cash flows from investing activities:    
Purchases of property, equipment and capitalization of software (5,821) (4,249)
Other 698 679
Net cash used in investing activities (5,123) (3,570)
Cash flows from financing activities:    
Payments on debt (3,450) (3,450)
Distributions paid to non-controlling unitholders   (8,667)
Dividends and dividend equivalents paid to Class A common stockholders (591) (13,492)
Payments related to tax withholding for share-based compensation (2,548) (4,014)
Common shares repurchased   (3,408)
Payment of contingent consideration   (360)
Other financing (21)  
Net cash used in financing activities (6,610) (33,391)
Effect of exchange rate changes on cash (519) 21
Net increase (decrease) in cash, cash equivalents and restricted cash 30,615 (17,315)
Cash, cash equivalents and restricted cash, beginning of period 125,763 138,128
Cash, cash equivalents and restricted cash, end of period $ 156,378 $ 120,813