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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,587 $ 3,203
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 14,360 13,023
Amortization 534 7,207
Unrealized exchange (losses) gains on foreign denominated debt (11,708) 9,489
Equity-based compensation 9,134 6,132
Deferred income taxes – net 3,422 (40)
Uncertain tax positions (163) 1,222
Non-cash fair value adjustment for swaps - net 1,459 2,085
Amortization of debt issuance costs 743 1,031
Non-cash operating lease costs 2,913 1,878
Other 632 723
Changes in assets and liabilities:    
Accounts receivable (2,051) (5,721)
Accounts payable (8,877) 657
Accrued expenses (212) (5,079)
Insurance recovery receivable 931 0
Litigation reserves 1,390 0
Lease liabilities, non-current (2,957) (2,022)
Income taxes receivable/payable 145 (2,015)
Interest payable (7,317) (7,573)
Deferred revenue 7,883 7,833
Other (2,320) (118)
Net cash provided by operating activities 21,528 31,915
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (14,452) (15,525)
Net cash used in investing activities (14,452) (15,525)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt issuance costs (2,201) 0
Repayment of debt (2,600) (2,600)
Proceeds from common stock issuance 2,021 2,639
Cash paid for settlement of employee taxes related to equity-based awards (2,492) 0
Cash paid for equity issuance costs 0 (86)
Net cash used in financing activities (5,272) (47)
Effects of exchange rates fluctuations (3,918) 2,541
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (2,114) 18,884
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of period 140,850 102,394
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of period $ 138,736 $ 121,278