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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (7,970) $ (2,667)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,645 1,589
Operating lease right-of-use assets amortization expense 650 636
Bad debt expense 20 45
Deferred income taxes (923) (87)
Debt issuance cost amortization 23 0
Stock-based compensation 13,257 8,661
Changes in assets and liabilities:    
Accounts receivable (2,613) (2,573)
Unbilled receivables (921) (866)
Prepaid income taxes (1,639) (199)
Prepaid expenses and other current assets (368) (1,268)
Accounts payable (691) 159
Accrued compensation and benefits 6,054 5,384
Operating lease liabilities (462) (987)
Accrued income taxes 3,306 1,898
Accrued expenses and other current liabilities 2,306 (208)
Net cash provided by operating activities 11,674 9,517
Cash flows from investing activities    
Purchase of property and equipment (1,589) (1,653)
Net cash used in investing activities (1,589) (1,653)
Cash flows from financing activities    
Proceeds from exercises of stock options, net of shares withheld for taxes 10 292
Payments of tax obligations resulted from net share settlement of vested stock awards (8,951) (1,802)
Payment of contingent consideration related to previously acquired businesses 0 (1,933)
Proceeds from debt 0 5,000
Debt issuance cost 0 (194)
Net cash (used in)/provided by financing activities (8,941) 1,363
Effect of exchange rate changes on cash and cash equivalents 495 (283)
Net increase in cash and cash equivalents 1,639 8,944
Cash and cash equivalents, end of period 258,368 153,308
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 2,926 $ 643