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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 9,885 $ 11,244
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation 7,857 7,980
Amortization of intangible assets 39,697 42,998
Amortization of Accumulated other comprehensive loss on interest rate swap 2,362 2,835
Stock-based compensation 11,628 10,670
Deferred income taxes (92) (442)
Provision for doubtful accounts 463 211
Amortization of debt issuance costs 1,630 1,657
Amortization of deferred revenue related to Accu-Trade Acquisition (1,767) 0
Other, net 173 (44)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (4,383) (7,053)
Prepaid expenses and other assets (6,683) 7,829
Accounts payable (2,422) 8,888
Accrued compensation (9,904) (4,393)
Other liabilities (6,164) (2,761)
Net cash provided by operating activities 42,280 79,619
Cash flows from investing activities:    
Payments for acquisitions, net of cash acquired (64,770) 0
Purchase of property and equipment (8,555) (13,095)
Net cash used in investing activities (73,325) (13,095)
Cash flows from financing activities:    
Proceeds from Revolving Loan borrowings 45,000 0
Payments of long-term debt (5,000) (75,000)
Payments for stock-based compensation plans, net (6,838) (7,049)
Repurchases of common stock (23,052) 0
Payments of debt issuance costs and other fees 0 (9)
Net cash provided by (used in) financing activities 10,110 (82,058)
Net decrease in cash and cash equivalents (20,935) (15,534)
Cash and cash equivalents at beginning of period 39,069 67,719
Cash and cash equivalents at end of period 18,134 52,185
Supplemental cash flow information:    
Cash paid (received) for income taxes 629 (8,875)
Cash paid for interest and interest rate swap $ 17,664 $ 19,634