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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ (150,993) $ (46,481)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Share-based compensation 17,293 12,711
Depreciation and amortization 5,330 4,076
Amortization of intangible assets 47,029 47,029
Amortization of debt discount and issuance costs 1,381 1,262
Loss on extinguishment of debt 0 11,935
Operating lease impairment charges 24,995 0
Non-cash lease expense 2,862 2,451
Other non-cash items 29 (846)
Changes in assets and liabilities:    
Accounts receivable (21,119) (2,702)
Commissions receivable 101,928 (63,675)
Prepaid expenses and other assets 39,795 (11,778)
Accounts payable (25,885) 6,114
Accrued liabilities (19,898) 3,993
Deferred revenue 2,155 (36)
Commissions payable (26,279) 4,742
Operating lease liabilities (2,993) (2,406)
Other liabilities 10,747 1,361
Net cash provided by (used in) operating activities 6,377 (32,250)
Investing Activities    
Purchases of property, equipment and software (9,658) (7,909)
Net cash used in investing activities (9,658) (7,909)
Financing Activities    
Proceeds from borrowings 0 310,000
Repayment of borrowings (2,635) (296,835)
Call premium paid for debt extinguishment 0 (5,910)
Debt issuance cost payments (1,725) (1,608)
Principal payments under finance lease obligations (103) (154)
Cash received on advancement to NVX Holdings, Inc. 0 3,395
Net cash (used in) provided by financing activities (4,463) 8,888
Effect of exchange rate changes on cash and cash equivalents (461) (100)
Increase (decrease) in cash and cash equivalents (8,205) (31,371)
Cash and cash equivalents at beginning of period 84,361 144,234
Cash and cash equivalents at end of period 76,156 112,863
Non-cash investing and financing activities:    
Purchases of property, equipment and software included in accounts payable $ 683 $ 2,233