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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 21,210 $ 5,208
Adjustments to reconcile net income to net cash provided by operating activities    
Noncash interest expense, net (22,136) 419
Depreciation and amortization 116,212 122,287
Change in fair value of warrant liability (20,356) (1,533)
Fair value adjustments related to contingent consideration 5,788 3,361
Deferred income taxes (11,648) (7,403)
Equity-based compensation of Karman Topco L.P. (6,314) (7,110)
Stock-based compensation 22,732 20,204
Equity in earnings of unconsolidated affiliates (4,687) (3,260)
Distribution received from unconsolidated affiliates 1,143 1,154
Loss on disposal of property and equipment 0 6,199
Loss on divestiture 2,850 0
Changes in operating assets and liabilities, net of effects from purchases of businesses:    
Accounts receivable, net (11,053) (64,802)
Prepaid expenses and other assets (42,580) (3,447)
Accounts payable (26,485) 8,901
Accrued compensation and benefits (9,260) (23,224)
Deferred revenues (539) 1,717
Other accrued expenses and other liabilities 15,115 (2,747)
Net cash provided by operating activities 29,992 55,924
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of businesses, net of cash acquired (67,611) (20,426)
Purchase of property and equipment (21,533) (12,958)
Net cash used in investing activities (89,144) (33,384)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under lines of credit 67,134 41,736
Payments on lines of credit (22,034) (92,756)
Proceeds from issuance of long-term debt 278 0
Principal payments on long-term debt (6,653) (6,849)
Proceeds from issuance of common stock 1,653 0
Contingent consideration payments (20,882) (6,247)
Holdback payments (715) (173)
Redemption of noncontrolling interest 0 (200)
Net cash provided by (used in) financing activities 18,781 (64,489)
Net effect of foreign currency changes on cash (6,603) (855)
Net change in cash, cash equivalents and restricted cash (46,974) (42,804)
Cash, cash equivalents and restricted cash, beginning of period 180,637 219,966
Cash, cash equivalents and restricted cash, end of period 133,663 177,162
SUPPLEMENTAL CASH FLOW INFORMATION    
Purchase of property and equipment recorded in accounts payable and accrued expenses $ 311 $ 628