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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (27,647) $ 8,030
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 26,057 19,881
Equity based compensation expense 10,795 1,984
Loss (gain) on sale of property and equipment 39 (170)
Write-off of deferred financing costs related to debt extinguishment 1,712 40
Amortization of deferred financing costs 2,508 360
Provision for bad debts 607 1,017
Changes in assets & liabilities:    
Decrease in accounts receivable and unbilled receivable 3,519 6,567
(Increase) decrease in prepaid expenses (45) 1,180
(Increase) in other current assets (3,745) (359)
(Decrease) increase in trade accounts payable (4,603) 6,233
Increase (decrease) in accrued liabilities 5,127 (3,961)
(Decrease) in other current and long-term liabilities 2,370 (8,450)
(Increase) in other long-term assets (1,211) (845)
Net cash provided by operating activities 15,483 31,507
Cash flows from investing activities:    
Purchases of property and equipment (3,498) (8,453)
Proceeds from disposal of property and equipment 318 1,140
Purchase of engineering license   (2,000)
Purchase of business, net of cash acquired (20,387) (294)
Net cash used in investing activities (23,567) (9,607)
Cash flows from financing activities:    
Proceeds from issuance of debt 339,000 181,687
Payment of loan acquisition costs (17,949) (1,274)
Repayments of debt (215,683) (129,209)
Proceeds from issuance of redeemable preferred stock 141,840
Payments of redeemable preferred stock dividends (6,611)
Issuance of common stock 10,229
Member distributions (21,830) (54,365)
Distributions to non-controlling interests (717)
Payment to shareholders associated with Atlas Business Combination (226,318)
Payment of contingent earn-out (5,063)
Net cash provided by (used in) financing activities 1,961 (8,224)
Net change in cash and equivalents (6,123) 13,676
Cash and equivalents - beginning of period 20,185 6,509
Cash and equivalents - end of period 14,062 20,185
Supplemental information:    
Interest 20,453 10,284
Taxes 745 2,169
Capital assets financed 165 276
Contingent consideration share settled $ 1,060