XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net loss $ (20,524) $ (24,200)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization expense 11,990 12,424
Amortization of deferred contract costs 6,325 4,774
Amortization of debt issuance costs 689 684
Non-cash lease expense 1,450 1,493
Provision for credit losses and returns (24) 14
Stock-based compensation 20,579 19,550
Deferred tax benefit (267) (27)
Other (26) (677)
Changes in operating assets and liabilities:    
Trade accounts receivable 12,696 3,915
Prepaid expenses and other assets (15,472) (8,936)
Deferred contract costs (8,334) (8,145)
Accounts payable (5,677) (575)
Accrued liabilities (10,602) (19,765)
Income taxes payable 119 65
Deferred revenue (8,885) (5,394)
Other liabilities 59 0
Net cash used in operating activities (15,904) (24,800)
Investing activities    
Purchases of equipment and leasehold improvements (1,755) (1,121)
Purchase of investments (1,500) (750)
Other 25 14
Net cash used in investing activities (3,230) (1,857)
Financing activities    
Cash paid for contingent consideration 0 (206)
Proceeds from the exercise of stock options 280 2,723
Net cash provided by financing activities 280 2,517
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (184) 42
Net decrease in cash, cash equivalents, and restricted cash (19,038) (24,098)
Cash, cash equivalents, and restricted cash, beginning of period 250,809 231,921
Cash, cash equivalents, and restricted cash, end of period 231,771 207,823
Cash paid for:    
Interest 314 313
Income taxes, net of refunds 1,141 894
Non-cash activities:    
Operating lease assets obtained in exchange for operating lease liabilities 1,767 0
Purchases of equipment and leasehold improvements accrued but not paid 121 83
Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:    
Cash and cash equivalents 224,497 200,340
Restricted cash included in other current assets 7,274 283
Restricted cash included in other assets 0 7,200
Total cash, cash equivalents, and restricted cash $ 231,771 $ 207,823