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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (2,667) $ (2,062)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,589 946
Operating lease right-of-use assets amortization expense 636 0
Bad debt expense 45 (107)
Deferred income taxes (87) (1,192)
Stock-based compensation 8,661 5,671
Change in fair value of warrants 0 859
Changes in assets and liabilities:    
Accounts receivable (2,573) (2,951)
Unbilled receivables (866) (430)
Prepaid income taxes (199) 83
Prepaid expenses and other current assets (1,268) (1,553)
Accounts payable 159 1,576
Accrued liabilities (131) 268
Accrued compensation and benefits 5,384 2,021
Operating lease liabilities (987) 0
Accrued income taxes 1,898 (70)
Other current liabilities (77) (15)
Net cash provided by operating activities 9,517 3,044
Cash flows from investing activities    
Purchase of property and equipment (1,653) (851)
Net cash used in investing activities (1,653) (851)
Cash flows from financing activities    
Proceeds from exercises of stock options, net of shares withheld for taxes 292 162
Payments of tax obligations resulted from net share settlement of vested stock awards (1,802) (15,297)
Payment of contingent consideration related to previously acquired business (1,933) 0
Proceeds from debt 5,000 0
Debt issuance cost (194) 0
Net cash provided by/(used in) financing activities 1,363 (15,135)
Effect of exchange rate changes on cash and cash equivalents (283) 49
Net increase/(decrease) in cash and cash equivalents 8,944 (12,893)
Cash and cash equivalents, beginning of period 144,364 112,745
Cash and cash equivalents, end of period 153,308 99,852
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 643 $ 834