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Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (23,569) $ 735
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 5,002 5,169
Equity-based compensation expense 9,845 56
Loss (gain) on sale of property and equipment 11 (36)
Write-off of deferred financing costs related to debt extinguishment 1,712 40
Amortization of deferred financing costs 249 58
Provision for bad debts 92 96
Changes in assets & liabilities:    
Decrease in accounts receivable and unbilled receivable 193 7,807
Decrease in prepaid expenses 789 1,071
Decrease in other current assets 283 83
(Decrease) in trade accounts payable (3,948) (4,875)
(Decrease) in accrued liabilities (1,248) (1,180)
(Decrease) in other current and long-term liabilities (1,956) (7,682)
(Increase) in other long-term assets (27) (754)
Net cash (used) provided by operating activities (12,572) 588
Cash flows from investing activities:    
Purchases of property and equipment (1,080) (1,585)
Proceeds from disposal of property and equipment 188
Purchase of business, net of cash acquired (10,500)
Net cash (used in) investing activities (11,580) (1,397)
Cash flows from financing activities:    
Proceeds from issuance of debt 302,000 187,634
Payment of loan acquisition costs (11,886) (1,274)
Repayments of debt (171,144) (127,399)
Proceeds from issuance of redeemable preferred stock 141,840
Issuance of common stock 10,229
Member distributions (21,830)
Payment to shareholders associated with Atlas Business Combination (226,318)
Payment of contingent earn-out (2,500)
Net cash provided by financing activities 22,891 56,461
Net change in cash and equivalents (1,261) 55,652
Cash and equivalents - beginning of period 20,185 6,509
Cash and equivalents - end of period 18,924 62,161
Cash paid during the period for:    
Interest 3,508 730
Taxes 5
Capital assets financed 157
Contingent consideration share settled 1,060
Dividends on preferred shares accrued and note paid $ 912