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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (16,346) $ (22,037)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 102,731 92,334
Net book value of property held for lease buyouts 21,505 19,365
Impairment on property held for lease expense 17,021 15,494
Change in fair value of warrants and other 33 (771)
Stock-based compensation 4,428 5,678
Loss on partial extinguishment of debt 0 2,391
Amortization of debt discount 2,222 2,147
Amortization of debt issuance costs, net 198 211
Accrued PIK Interest 1,056 1,208
Amortization of right-of-use assets 521 274
Increase (decrease) to cash due to changes in:    
Property held for lease (135,814) (128,464)
Prepaid expenses and other current assets 61 3,125
Litigation insurance reimbursement receivable 5,000 0
Accounts payable 9 (529)
Accrued liabilities (889) 1,594
Accrued litigation settlement (5,500) 0
Lease liabilities (239) (312)
Unearned revenues (67) 572
Net cash used in operating activities (4,070) (7,720)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (36) (10)
Additions to capitalized software (620) (753)
Net cash used in investing activities (656) (763)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from revolving line of credit 16,100 10,916
Principal repayments on revolving line of credit (9,539) (8,054)
Principal repayment on term loan 0 (25,000)
Payments of deferred financing costs 0 (34)
Repurchases of restricted stock (562) (318)
Proceeds from exercise of stock options 209 0
Net cash provided by (used in) financing activities 6,208 (22,490)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,482 (30,973)
Cash, cash equivalents and restricted cash at beginning of period 28,811 69,841
Cash, cash equivalents and restricted cash at end of period 30,293 38,868
Supplemental disclosure of cash flow information:    
Cash paid for interest 10,372 9,821
Cash paid for income taxes 270 146
Deferred financing costs included in accrued liabilities 0 481
Issuance of warrants to purchase common stock in connection with debt refinancing 0 4,060
Cash paid for operating leases $ 275 $ 390