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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,203 $ 25,107
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 13,023 12,512
Amortization 7,207 12,205
Unrealized exchange loss (gains) on foreign denominated debt 9,489 (5,582)
Equity-based compensation 6,132 1,741
Deferred income taxes – net (40) 7,219
Uncertain tax positions 1,222 1,143
Non-cash fair value adjustment for swaps and foreign currency exchange contracts 2,085 (11,742)
Amortization of debt issuance costs 1,031 1,495
Non cash operating lease costs 1,878 2,516
Impairment of right of use assets 0 2,563
Other 723 1,567
Changes in current assets and liabilities:    
Accounts receivable (5,721) 11,366
Accounts payable 657 5,294
Accrued expenses (5,079) (20,624)
Lease liabilities, non-current (2,022) (2,992)
Income taxes receivable/payable (2,015) 2,412
Interest Payable (7,573) (948)
Deferred revenue 7,833 5,419
Other (118) (1,306)
Net cash provided by operating activities 31,915 49,365
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (15,525) (16,235)
Net cash used in investing activities (15,525) (16,235)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of debt (2,600) (2,600)
Proceeds from common stock issuance 2,639 29
Cash paid for equity issuance costs (86) (3,081)
Net cash used in financing activities (47) (5,652)
EFFECTS OF EXCHANGE RATE FLUCTUATIONS 2,541 (3,586)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 18,884 23,892
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of period 102,394 191,529
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of period $ 121,278 $ 215,421