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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (3,948) $ (7,970)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,914 1,645
Operating lease right-of-use assets amortization expense 998 650
Bad debt expense 86 20
Deferred income taxes (912) (923)
Stock-based compensation 11,339 13,257
Other (income)/expenses, net (287) 23
Changes in assets and liabilities:    
Accounts receivable (3,301) (2,613)
Unbilled receivables (1,914) (921)
Prepaid income taxes (1,611) (1,639)
Prepaid expenses and other current assets 382 (368)
Accounts payable (728) (691)
Accrued compensation and benefits 651 6,054
Operating lease liabilities (1,105) (462)
Accrued income taxes 1,067 3,306
Accrued expenses and other current liabilities (391) 2,306
Net cash provided by operating activities 3,240 11,674
Cash flows from investing activities    
Purchase of property and equipment (3,197) (1,589)
Other investing activities, net (739) 0
Net cash used in investing activities (3,936) (1,589)
Cash flows from financing activities    
Proceeds from exercises of stock options 571 10
Payments of tax obligations resulted from net share settlement of vested stock awards (7,569) (8,951)
Net cash used in financing activities (6,998) (8,941)
Effect of exchange rate changes on cash and cash equivalents (96) 495
Net increase/(decrease) in cash and cash equivalents (7,790) 1,639
Cash and cash equivalents, beginning of period 257,227 256,729
Cash and cash equivalents, end of period 249,437 258,368
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 2,495 $ 2,926