XML 19 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (2,768) $ (99,584)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Cost of lots sold 4,346 5,339
Depreciation and amortization 7,078 8,120
Provision for bad debt 4,529 5,380
Non-cash compensation expense 1,080 2,814
Loss on debt extinguishment   8,478
Loss on impairment of goodwill   24,862
Non-cash interest expense 16,159 12,435
Gain on sale of businesses (31,120)  
Other losses, net 2,169 3,558
Changes in assets and liabilities:    
Accounts receivable, net of allowance (16,180) (14,305)
Merchandise trust fund (12,284) (11,137)
Other assets 3,799 (1,339)
Deferred selling and obtaining costs (4,974) (1,850)
Deferred revenues 39,238 23,860
Deferred taxes, net (3,490) 4,620
Payables and other liabilities (3,797) 1,994
Net cash provided by (used in) operating activities 3,785 (26,755)
Cash Flows From Investing Activities:    
Cash paid for capital expenditures (4,784) (5,743)
Proceeds from divestitures 48,336 1,250
Net cash provided by (used in) investing activities 43,552 (4,493)
Cash Flows From Financing Activities:    
Proceeds from issuance of Series A Preferred Stock 8,800  
Proceeds from issuance of Common Stock 8,200  
Proceeds from issuance of redeemable convertible preferred units, net   57,500
Proceeds from borrowings 3,672 406,087
Repayments of debt (54,782) (366,644)
Principal payment on finance leases (1,061) (1,098)
Cost of financing activities (4,294) (17,972)
Shares repurchased related to share-based compensation (35) (677)
Net cash (used in) provided by financing activities (39,500) 77,196
Net increase in cash, cash equivalents and restricted cash 7,837 45,948
Cash, cash equivalents and restricted cash—Beginning of period 56,767 18,147
Cash, cash equivalents and restricted cash—End of period 64,604 64,095
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 20,361 24,444
Cash paid during the period for income taxes 1,077 1,470
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases 2,372 2,759
Operating cash flows from finance leases 328 370
Financing cash flows from finance leases 1,061 1,098
Non-cash investing and financing activities:    
Acquisition of assets by financing   $ 2,234
Net transfers within assets held for sale 81,108  
Accrued paid-in-kind interest on Senior Secured Notes $ 10,572