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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (37,871) $ 21,206
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 116,329 143,993
Net book value of property buyouts 30,505 45,589
Impairment expense 17,216 14,566
Bad debt expense 0 28,299
Change in fair value of warrant liability (6,439) (36,573)
Stock-based compensation 6,439 13,020
Amortization of debt discount 5,275 2,701
Amortization of debt issuance costs 361 357
Accrued PIK interest 2,121 1,547
Amortization of right-of-use assets 367  
Change in operating assets and liabilities:    
Accounts receivable 0 (28,670)
Property held for lease (151,843) (198,841)
Prepaid expenses and other current assets (4,266) (3,847)
Accounts payable (765) 344
Accrued liabilities 2,719 (1,008)
Lease liabilities (413)  
Unearned revenues (583) (517)
Net cash (used in) provided by operating activities (20,848) 2,166
Cash flows from investing activities:    
Purchases of property and equipment (168) (384)
Additions to capitalized software (1,337) (1,052)
Net cash used in investing activities (1,505) (1,436)
Cash flows from financing activities:    
Principal repayments on revolving line of credit (22,477) (20,471)
Proceeds from revolving line of credit 18,517 7,036
Proceeds from exercise of stock options 67 678
Repurchases of restricted stock (344) 0
PIPE proceeds 0 150,000
Merger financing, net of redemptions 0 251,109
Consideration paid to selling shareholders 0 (329,560)
Transaction cost paid 0 (32,688)
Net cash (used in) provided by financing activities (4,237) 26,104
Net (decrease) increase in cash, cash equivalents and restricted cash (26,590) 26,834
Cash, cash equivalents and restricted cash at beginning of period 96,431 69,597
Cash, cash equivalents and restricted cash at end of period 69,841 96,431
Supplemental disclosure of cash flow information:    
Cash paid for interest 12,032 11,628
Cash paid for taxes 446 416
Right-of-use assets obtained in exchange for operating lease liabilities 1,139 0
Cash paid for operating leases 511 0
Exchange of redeemable convertible preferred shares 0 49,894
Assumed warrant liability in connection with Merger 0 44,272
Exercise of common stock warrant accounted for as a liability 0 13,102
Transaction costs included in other assets $ 0 $ 846