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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (570) $ (10,545)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 34,026 29,677
Net book value of property held for lease buyouts 7,613 6,747
Impairment on property held for lease expense 5,636 5,258
Change in fair value of warrants liability 162 (132)
Stock-based compensation 1,391 2,090
Loss on partial extinguishment of debt 0 2,391
Amortization of debt discount 669 1,093
Amortization of debt issuance costs, net 66 81
Accrued PIK Interest 347 530
Amortization of right-of-use assets 76 98
Change in operating assets and liabilities:    
Property held for lease (45,249) (43,299)
Prepaid expenses and other current assets 1,029 3,109
Accounts payable 754 252
Accrued liabilities (4,123) (594)
Lease liabilities (55) (112)
Unearned revenues 208 450
Net cash provided by (used in) operating activities 1,980 (2,906)
Cash flows from investing activities:    
Purchases of property and equipment 0 (4)
Additions to capitalized software (126) (297)
Net cash used in investing activities (126) (301)
Cash flows from financing activities:    
Proceeds from revolving line of credit 10,058 4,350
Principal repayments on revolving line of credit (2,840) (872)
Principal repayment on term loan 0 (25,000)
Repurchases of restricted stock (312) (163)
Net cash provided by (used in) financing activities 6,906 (21,685)
Net increase (decrease) in cash, cash equivalents and restricted cash 8,760 (24,892)
Cash, cash equivalents and restricted cash at beginning of period 28,811 69,841
Cash, cash equivalents and restricted cash at end of period 37,571 44,949
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,382 3,459
Cash paid for income taxes 112 2
Deferred financing costs included in accrued liabilities 0 493
Issuance of warrants to purchase common stock in connection with debt refinancing 0 4,060
Right-of-use assets obtained in exchange for operating lease liabilities 0 1,139
Cash paid for operating leases $ 82 $ 126