XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities          
Net loss $ (4,237,000) $ (5,330,000) $ (9,602,000) $ (33,262,000)  
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation and amortization 26,771,000 26,483,000 53,799,000 52,623,000  
Stock based compensation     12,028,000 10,570,000  
Amortization of debt issuance costs     1,423,000 1,423,000  
Loss on business disposition   149,000   10,027,000  
Other loss       118,000  
Fair value change in tax receivable agreement liability 3,366,000 (4,056,000) 6,279,000 482,000  
Deferred tax expense     (1,673,000) 3,306,000  
Change in accounts receivable     (3,303,000) (1,858,000)  
Change in prepaid expenses and other     (313,000) 4,842,000  
Change in operating lease ROU assets     2,368,000 87,000  
Change in accounts payable     2,325,000 (3,388,000)  
Change in accrued expenses and other     (6,378,000) (2,957,000)  
Change in operating lease liabilities     (2,599,000) (34,000)  
Change in other liabilities     1,426,000 (1,195,000)  
Net cash provided by operating activities     55,780,000 40,784,000  
Cash flows from investing activities          
Purchases of property and equipment     (571,000) (114,000)  
Capitalized software development costs     (22,249,000) (23,600,000)  
Proceeds from sale of business, net of cash retained       40,273,000  
Net cash (used in) provided by investing activities     (22,820,000) 16,559,000  
Cash flows from financing activities          
Payments on long-term debt       (20,000,000)  
Payments for tax withholding related to shares vesting under Incentive Plan and ESPP     (2,489,000) (1,376,000)  
Distributions to Members       (609,000)  
Payment of Tax Receivable Agreement ("TRA")     (580,000)    
Payment of contingent consideration liability up to acquisition-date fair value       (1,000,000)  
Net cash used in financing activities     (3,069,000) (22,985,000)  
Increase in cash, cash equivalents and restricted cash     29,891,000 34,358,000  
Cash, cash equivalents and restricted cash at beginning of period     144,145,000 93,563,000 $ 93,563,000
Cash, cash equivalents and restricted cash at end of period $ 174,036,000 $ 127,921,000 174,036,000 127,921,000 $ 144,145,000
Cash paid during the year for:          
Interest     397,000 647,000  
Income taxes     $ 1,489,000 $ 797,000