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Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (21,324) $ 4,863
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 10,327 10,534
Equity based compensation expense 10,035 569
(Gain) on sale of property and equipment (1) (82)
Write-off of deferred financing costs related to debt extinguishment 1,712 40
Amortization of deferred financing costs 984 121
Provision for bad debts 1,465 569
Changes in assets & liabilities:    
Decrease (increase) in accounts receivable and unbilled receivable 1,060 (70)
Decrease (increase) in prepaid expenses 1,166 (1,656)
(Increase) decrease in other current assets (224) 79
(Decrease) in trade accounts payable (10,142) (183)
(Decrease) in accrued liabilities (947) (2,665)
(Decrease) in other current and long-term liabilities (352) (4,701)
(Increase) in other long-term assets (9) (476)
Net cash (used in) provided by operating activities (6,250) 6,942
Cash flows from investing activities:    
Purchases of property and equipment (2,133) (4,339)
Proceeds from disposal of property and equipment 248
Purchase of business, net of cash acquired (10,748)
Net cash (used in) investing activities (12,881) (4,091)
Cash flows from financing activities:    
Proceeds from issuance of debt 320,000 178,039
Payment of loan acquisition costs (17,506)
Repayments of debt (189,657) (121,358)
Proceeds from issuance of redeemable preferred stock 141,840
Payments of redeemable preferred stock dividends (931)  
Issuance of common stock 10,229
Member distributions (21,830) (53,400)
Payment to shareholders associated with Atlas Business Combination (226,318)
Payment of contingent earn-out (2,500)
Net cash provided by financing activities 15,827 781
Net change in cash and equivalents (3,304) 3,632
Cash and equivalents - beginning of period 20,185 6,509
Cash and equivalents - end of period 16,881 10,141
Supplemental information:    
Interest 9,009 2,053
Taxes 195
Capital assets financed 94
Contingent consideration share settled 1,060
Dividends due on redeemable preferred stock $ 1,819