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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net loss $ (39,786) $ (60,399)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization expense 23,869 24,838
Amortization of deferred contract costs 12,862 9,987
Amortization of debt issuance costs 1,397 1,368
Non-cash lease expense 2,856 2,955
Provision for credit losses and returns 130 217
Stock-based compensation 46,862 49,733
Deferred tax benefit (517) (355)
Other (590) (1,856)
Changes in operating assets and liabilities:    
Trade accounts receivable (1,072) (12,047)
Prepaid expenses and other assets (16,553) (6,999)
Deferred contract costs (17,935) (19,124)
Accounts payable (7,235) (483)
Accrued liabilities (2,997) (10,205)
Income taxes payable 244 386
Deferred revenue (3,188) 8,753
Other liabilities 62 0
Net cash used in operating activities (1,591) (13,231)
Investing activities    
Purchases of equipment and leasehold improvements (2,733) (1,786)
Purchase of investments (2,500) (750)
Other (305) (25)
Net cash used in investing activities (5,538) (2,561)
Financing activities    
Debt issuance costs (1,549) 0
Cash paid for offering costs (197) 0
Cash paid for contingent consideration 0 (206)
Payment of acquisition-related holdback (3,600) (277)
Repurchase and retirement of common stock (35,357) 0
Proceeds from the exercise of stock options 1,756 2,965
Net cash (used in) provided by financing activities (38,947) 2,482
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (216) 92
Net decrease in cash, cash equivalents, and restricted cash (46,292) (13,218)
Cash, cash equivalents, and restricted cash, beginning of period 250,809 231,921
Cash, cash equivalents, and restricted cash, end of period 204,517 218,703
Cash paid for:    
Interest 420 391
Income taxes, net of refunds 2,653 1,981
Non-cash activities:    
Employee stock purchase plan 2,729 3,131
Offering costs accrued but not paid 675 0
Operating lease assets obtained in exchange for operating lease liabilities 3,256 522
Purchases of equipment and leasehold improvements accrued but not paid 324 170
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 200,858 211,471
Restricted cash included in other current assets 3,659 32
Restricted cash included in other assets 0 7,200
Total cash, cash equivalents, and restricted cash $ 204,517 $ 218,703