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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 2,980 $ 1,484
Adjustments to reconcile net income to net cash provided by/ (used in) operating activities:    
Depreciation and amortization 1,021 810
Provision for doubtful accounts 186 198
Share-based compensation 1,956 619
Change in operating assets and liabilities:    
Accounts receivable (3,664) (2,114)
Prepaid expenses and other assets 584 (402)
Operating lease obligations 2,091 (104)
Accounts payable (551) (116)
Accrued wages and related liabilities (3,408) (2,160)
Other accrued liabilities 813 372
Net cash provided by/ (used in) operating activities 2,090 (1,413)
Cash flows from investing activities:    
Purchase of property and equipment (2,916) (901)
Cash payments for business acquisitions (2,968) (1,500)
Escrow deposits (700) 0
Restricted and other assets (188) (164)
Net cash used in investing activities (6,772) (2,565)
Cash flows from financing activities:    
Net investment from parent 0 3,978
Proceeds from revolver agreement 23,500 0
Payments on revolver agreement (14,500) 0
Payments for deferred financing costs (26) 0
Issuance of common stock upon the exercise of options 138 0
Net cash provided by financing activities 9,112 3,978
Net increase in cash 4,430 0
Cash beginning of period 402 41
Cash end of period 4,832 41
Cash paid during the period for:    
Interest 483 0
Lease liabilities 8,092 8,296
Right-of-use assets obtained in exchange for new operating lease obligations 2,846 187
Net non-cash adjustment to right-of-use assets and lease liabilities from lease modifications 233 0
Non-cash financing and investing activity:    
Capital expenditures $ 655 $ 400