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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Sep. 30, 2023
Cash flows from operating activities:      
Net income (loss) $ (4,683) $ 1,358  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization of property and equipment 432 411  
Amortization of intangible assets 15,996 13,113  
Amortization of debt issuance costs 380 383  
(Recovery of) provision for credit losses 59 (168) $ 684
Loss on retirement of assets 0 4  
Equity-based compensation expense 9,073 8,543  
Change in fair value of contingent considerations 2,878 1,261  
Lease abandonment expense 29 0  
Deferred income taxes (4,829) (1,524)  
Changes in assets and liabilities:      
Accounts receivable 3,635 647  
Prepaid expenses and other assets (578) 559  
Accounts payable, accrued expenses, and other liabilities (14,825) (13,596)  
Deferred revenues (3,271) (1,034)  
Net cash provided by operating activities 4,296 9,957  
Cash flows from investing activities:      
Capital expenditures (619) (317)  
Capitalized software development costs (2,959) (2,360)  
Investment in intangible assets 0 (54)  
Net cash used in investing activities (3,578) (2,731)  
Cash flows from financing activities:      
Payments on long-term debt and finance lease obligations (755) (780)  
Payments for business acquisition related contingent consideration (8,649) 0  
Payment of taxes on shares withheld for employee taxes (943) (70)  
Net cash used in financing activities (10,347) (850)  
Effect of foreign exchange rate changes on cash and cash equivalents, and restricted cash (546) 1,174  
Net (decrease) increase in cash and cash equivalents, and restricted cash (10,175) 7,550  
Cash and cash equivalents, and restricted cash, at beginning of period 234,951 239,688 $ 239,688
Cash and cash equivalents, and restricted cash, at end of period 224,776 247,238  
Supplemental disclosures of cash flow information      
Cash paid for interest 5,395 5,196  
Cash paid for taxes 3,640 517  
Supplemental schedule of noncash investing and financing activities      
Issuance of common stock for business acquisition related contingent consideration $ 3,707 $ 0