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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,458) $ (17,983)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 68,730 60,891
Net book value of property held for lease buyouts 14,757 13,296
Impairment on property held for lease expense 11,568 10,600
Change in fair value of warrants liability 53 (389)
Stock-based compensation 2,943 4,303
Loss on partial extinguishment of debt 0 2,391
Amortization of debt discount 1,405 1,592
Amortization of debt issuance costs, net 132 145
Accrued PIK Interest 697 864
Amortization of right-of-use assets 152 198
Increase (decrease) to cash due to changes in:    
Property held for lease (92,078) (87,422)
Prepaid expenses and other current assets 1,002 2,858
Accounts payable 552 (290)
Accrued liabilities (1,533) 186
Lease liabilities (114) (227)
Unearned revenues 544 436
Net cash provided by (used in) operating activities 1,352 (8,551)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (25) 0
Additions to capitalized software (312) (519)
Net cash used in investing activities (337) (519)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from revolving line of credit 14,642 9,380
Principal repayments on revolving line of credit (5,655) (3,311)
Principal repayment on term loan 0 (25,000)
Payments of deferred financing costs 0 (22)
Repurchases of restricted stock (457) (247)
Proceeds from exercise of stock options 18 0
Net cash provided by (used in) financing activities 8,548 (19,200)
Net increase (decrease) in cash, cash equivalents and restricted cash 9,563 (28,270)
Cash, cash equivalents and restricted cash at beginning of period 28,811 69,841
Cash, cash equivalents and restricted cash at end of period 38,374 41,571
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,888 6,602
Cash paid for income taxes 203 108
Deferred financing costs included in accrued liabilities 0 493
Issuance of warrants to purchase common stock in connection with debt refinancing 0 4,060
Cash paid for operating leases $ 166 $ 260