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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES:    
Net (loss) income $ (22,246,000) $ 712,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 15,819,000 13,180,000
Provision for credit loss 114,000 205,000
Amortization of debt discount and issuance costs 829,000 5,631,000
Stock-based compensation expense 39,814,000 20,296,000
Deferred income taxes (64,000) (1,000)
Gain on mark-to-market adjustment of contingent consideration (5,304,000) 0
Expense on repurchase of convertible senior notes 16,621,000 0
Other, net 115,000 34,000
Changes in assets and liabilities:    
Accounts receivable 29,270,000 24,852,000
Prepaid expenses and other current assets 2,056,000 (3,367,000)
Other long-term assets 4,397,000 (5,067,000)
Accounts payable (2,070,000) (967,000)
Accrued compensation and benefits (9,742,000) 1,548,000
Other accrued expenses and current liabilities (61,648,000) 2,999,000
Deferred revenue 10,080,000 (5,333,000)
Net cash provided by operating activities 18,041,000 54,722,000
INVESTING ACTIVITIES:    
Payments for acquisition of businesses, net of cash acquired (37,660,000) 0
Capital expenditures (3,457,000) (5,391,000)
Other investing activities, net (322,000) (389,000)
Net cash used in investing activities (41,439,000) (5,780,000)
FINANCING ACTIVITIES:    
Proceeds from issuance of convertible senior notes, net of underwriters' discounts and commissions 224,265,000 0
Repurchase of convertible senior notes (192,792,000) 0
Proceeds from employee stock purchase plan contributions 4,431,000 0
Repurchase and retirement of common stock (4,387,000) 0
Proceeds from the exercise of common stock options 1,689,000 885,000
Payments of debt issuance costs (1,157,000) 0
Payments on revolving commitment 0 (30,000,000)
Other financing activities (131,000) (206,000)
Net cash provided by (used in) financing activities 31,918,000 (29,321,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6,226,000) (847,000)
Net increase in cash, cash equivalents and restricted cash 2,294,000 18,774,000
Cash, cash equivalents and restricted cash at beginning of year 414,012,000 241,547,000
Cash, cash equivalents and restricted cash at end of period 416,306,000 260,321,000
Supplemental disclosure of cash flow:    
Interest paid 289,000 339,000
Income taxes paid 4,891,000 3,744,000
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment in accounts payable, other current liabilities and other liabilities $ 1,530,000 $ 631,000