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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2017
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:        
Net income (loss) $ (3,318,000) $ (10,174,000) $ 19,609,000 $ (7,244,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization 382,000 16,645,000 12,689,000 15,671,000
Share-based compensation 2,916,000 1,846,000 2,609,000 5,826,000
Provision for bad debts 84,000 1,401,000 1,626,000 1,236,000
Debt origination costs amortization 39,200 335,000 734,000 4,448,000
Deferred income tax provision (benefit), net (2,214,000) 370,000 1,863,000 191,000
Debt extinguishment costs 0 0 0 1,843,000
Loss on disposal of property and equipment 12,000 128,000 265,000 216,000
Total adjustments 1,219,000 20,725,000 19,786,000 29,431,000
Changes in operating assets and liabilities:        
Accounts receivable 3,612,000 (29,173,000) (5,655,000) 14,337,000
Prepaid wires 7,849,000 (4,144,000) 8,805,000 (19,000,000)
Prepaid expenses and other assets 71,000 (1,011,000) (659,000) (2,080,000)
Wire transfers and money orders payable (1,884,000) 27,638,000 3,416,000 (11,899,000)
Accounts payable and accrued other liabilities 1,103,000 3,556,000 7,232,000 16,293,000
Net cash provided by operating activities 8,652,000 7,417,000 52,534,000 19,838,000
Cash flows from investing activities:        
Purchases of property and equipment (249,000) (4,351,000) (6,469,000) (5,331,000)
Net cash used in business acquisition   (924,000) 0 0
Acquisition of agent locations 0 0 (250,000) (120,000)
Net cash used in investing activities (249,000) (5,275,000) (6,719,000) (5,451,000)
Cash flows from financing activities:        
Borrowings under term loan 0 102,000,000 12,000,000 90,000,000
(Repayments) borrowings under revolving loan, net (2,000,000) 12,000,000 (30,000,000) 10,000,000
Repayments of term loan 0 (76,212,000) (4,956,000) (95,788,000)
Debt origination costs 0 (4,683,000) (240,000) (3,487,000)
Debt extinguishment costs 0 0 0 (1,843,000)
Proceeds from reverse recapitalization 0 0   101,664,000
Cash consideration to Intermex shareholders 0 0   (101,659,000)
Cash paid in warrant exchange 0 0 (10,031,000) 0
Proceeds from exercise of options 0 0 283,000 0
Common dividend distributions 0 (20,178,000) 0 0
Net cash (used in) provided by financing activities (2,000,000) 12,927,000 (32,944,000) (1,113,000)
Effect of exchange rate changes on cash (16,000) 98,000 217,000 (40,000)
Net increase in cash and restricted cash 6,387,000 15,167,000 13,088,000 13,234,000
Cash and restricted cash, beginning of the period 38,241,000 44,628,000 73,029,000 59,795,000
Cash and restricted cash, end of the period 44,628,000 59,795,000 86,117,000 73,029,000
Supplemental disclosure of cash flow information:        
Cash paid for interest 659,000 11,687,000 8,768,000 10,703,000
Cash paid for income taxes 0 400,000 4,870,000 1,495,000
Restricted cash at end of period (included in Prepaid expenses and other current assets) 640,000 640,000 0 0
Supplemental disclosure of non-cash investing activity:        
Agent business acquired in exchange for receivables 0 640,000 85,000 0
Noncash Investing and Financing Items [Abstract]        
Issuance of common stock for cashless exercise of options 0 0 21,000 0
Intermex transaction accruals settled by acquisition proceeds 0 0 0 9,062,000
Net assets acquired in the Merger $ 0 $ 0 $ 0 $ 922,000