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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 18,736 $ 342
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 13,945 15,121
Depreciation 31,310 30,766
Amortization of intangibles 27,031 27,800
Amortization of debt issuance costs and debt discount 2,445 2,338
Deferred income taxes (4,458) (2,139)
Change in fair value of acquisition-related contingent consideration 0 3
Other 1,252 1,008
Changes in assets and liabilities:    
Accounts receivable (13,324) (2,293)
Prepaid expenses and other current assets (6,835) (110)
Income taxes receivable (2,505) (2,517)
Other assets 1,206 (1,458)
Accounts payable and accrued expenses 0 3,649
Accrued compensation (9,323) (6,533)
Other current and non-current liabilities 2,062 (3,158)
Deferred revenue (4,018) 472
Payment for acquisition-related contingent consideration 0 (160)
Net cash provided by operating activities 57,524 63,131
Cash flows from investing activities:    
Purchases of property and equipment (8,279) (12,787)
Investment in capitalized software (32,216) (22,677)
Purchase of intangible assets (9,254) (10,819)
Net cash used in investing activities (49,749) (46,283)
Cash flows from financing activities:    
Proceeds from credit facility borrowings 0 99,000
Repayment of credit facility borrowings (4,900) (103,900)
Payments for debt issuance costs 0 (1,000)
Proceeds from exercise of stock options 1,110 183
Finance lease liabilities paid (2,414) (1,331)
Tax payments for equity award issuances (7,536) (5,110)
Payment for acquisition-related contingent consideration 0 (2,173)
Net cash used in financing activities (13,740) (14,331)
(Decrease) Increase in cash and cash equivalents (5,965) 2,517
Cash and cash equivalents, beginning of period 123,880 93,094
Cash and cash equivalents, end of period 117,915 95,611
Supplemental cash flow disclosure:    
Income taxes paid, net 9,966 352
Interest paid 22,271 26,994
Non-cash transactions:    
Accruals for purchases of property and equipment 5,876 3,559
Accruals for investment in capitalized software 6,839 773
Accruals for purchase of intangible assets 1,390 0
Leasehold improvements paid by lessor $ 0 $ 305