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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (5,558) $ 8,090
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 32,740 36,062
Net book value of property buyouts 10,020 10,586
Impairment expense 3,224 3,800
Bad debt expense 0 4,887
Change in fair value of warrant liability (3,089) 358
Stock-based compensation 1,089 80
Amortization of debt discount 537 697
Amortization of debt issuance costs 91 89
Accrued PIK interest 388 377
Amortization of right-of-use assets 89  
Change in operating assets and liabilities:    
Accounts receivable 0 (4,594)
Property held for lease (36,398) (51,253)
Prepaid expenses and other current assets 1,849 (2,025)
Accounts payable 401 518
Accrued liabilities (1,444) (794)
Lease liabilities (99)  
Unearned revenues (99) 380
Net cash provided by operating activities 3,741 7,258
Cash flows from investing activities:    
Purchases of property and equipment (139) (103)
Additions to capitalized software (472) (166)
Net cash used in investing activities (611) (269)
Cash flows from financing activities:    
Proceeds from revolving line of credit, net of deferred financing costs 0 542
Principal repayments of revolving line of credit (13,224) (6,547)
Proceeds from exercise of stock options 60 84
Repurchases of restricted stock (195) 0
Net cash used in financing activities (13,359) (5,921)
Net (decrease) increase in cash and restricted cash (10,229) 1,068
Cash and restricted cash at beginning of period 96,431 69,597
Cash and restricted cash at end of period 86,202 70,665
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,588 2,949
Right-of-use assets obtained in exchange for operating lease liabilities 1,139 0
Cash paid for operating leases $ 126 $ 0