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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (18,825) $ (2,437)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 1,772 1,921
Amortization of debt issuance costs 523 143
Equity-based compensation expense 3,858 25
Deferred income tax expense (benefit) 174 (202)
Net decrease in fair value of derivatives (1,263) 0
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 1,981 (1,442)
(Increase) decrease in contract assets (2,306) 897
Decrease (increase) in prepaid expenses and other assets 432 (653)
Increase in accounts payable 1,150 174
Increase in accrued liabilities 6,307 2,316
(Decrease) increase in contract liabilities (1,415) 130
Increase in other liabilities 83 21
Net cash (used in) provided by operating activities (7,529) 893
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired 0 (224)
Purchases of property and equipment (359) (170)
Net cash used in investing activities (359) (394)
Cash flows from financing activities:    
Repurchase of shares as a result of forward share purchase agreements (100,896) 0
Repayment of short-term borrowings (1,159) 0
Repayment of term loan 0 (275)
Net cash used in financing activities (102,055) (275)
Net (decrease) increase in cash and cash equivalents and restricted cash (109,943) 224
Cash and cash equivalents and restricted cash at the beginning of period 169,921 9,704
Cash and cash equivalents and restricted cash at the end of the period 59,978 9,928
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 59,978  
Restricted cash 0  
Cash and cash equivalents and restricted cash at end of the period $ 59,978 $ 9,928