XML 24 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net (loss) $ (29,705) $ (27,647)
Adjustments to reconcile net (loss) to net cash provided by operating activities:    
Depreciation and amortization 23,679 26,057
Equity based compensation expense 3,627 10,795
Interest expense, paid in kind 6,392
(Gain) loss on sale of property and equipment (21) 39
Write-off of deferred financing costs related to debt extinguishment 15,197 1,712
Amortization of deferred financing costs 1,248 2,508
Provision for bad debts 36 607
Changes in assets & liabilities:    
(Increase) decrease in accounts receivable and unbilled receivable (2,629) 3,519
(Increase) decrease in prepaid expenses (1,523) (45)
(Increase) in other current assets (187) (3,745)
Increase (decrease) in trade accounts payable 13,261 (4,603)
(Decrease) increase in accrued liabilities (3,320) 5,127
Increase in other current and long-term liabilities 2,806 2,370
Decrease (Increase) in other long-term assets 243 (1,211)
Net cash provided by operating activities 29,104 15,483
Cash flows from investing activities:    
Purchases of property and equipment (3,956) (3,498)
Proceeds from disposal of property and equipment 78 318
Purchase of business, net of cash acquired (32,669) (20,387)
Net cash used in investing activities (36,547) (23,567)
Cash flows from financing activities:    
Proceeds from issuance of debt 496,754 339,000
Payment of loan acquisition costs (8,589) (17,949)
Repayments of debt (294,463) (215,683)
Net payments on revolving line of credit (29,760)
Proceeds from issuance of redeemable preferred stock 141,840
Repayment of redeemable preferred stock (156,186)
Payments of redeemable preferred stock dividends (1,185) (6,611)
Issuance of common stock 10,229
Member distributions (21,830)
Distributions to non-controlling interests (787) (717)
Payment to shareholders associated with Atlas Business Combination (226,318)
Payment of contingent earn-out (1,706)
Net cash provided by financing activities 4,078 1,961
Net change in cash and equivalents (3,365) (6,123)
Cash and equivalents - beginning of period 14,062 20,185
Cash and equivalents - end of period 10,697 14,062
Supplemental information:    
Interest 24,927 20,453
Taxes 906 745
Capital assets financed 6 165
Contingent consideration share settled 2,000 1,060
Payroll taxes, share settled $ 585