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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:              
Net income (loss) $ (19,832) $ (18,288) $ (15,516) $ (15,905) $ 16,070 $ (51,123)  
Net income from discontinued operations (832)   (3,718)   (80,687) (8,973)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation and amortization         26,702 20,133  
Accretion of debt in interest expense, net         1,755 1,594  
Accretion of discount on held to maturity investments in interest expense, net         283 0  
Current expected credit losses         2,439 783  
Provision for obsolete inventory         (14) (1,271)  
Stock-based compensation         16,583 10,544  
Impairment loss         225 0  
Adjustment to contingent consideration liability 0   0   (600) (7,500)  
Deferred income tax         (8,288) 0  
Changes in operating assets and liabilities:              
Accounts receivable         (11,696) (2,767)  
Inventories         (314) 14,601  
Other current assets         (3,935) (1,817)  
Other assets         1,315 (395)  
Accounts payable         4,960 1,960  
Accrued salaries and benefits         3,490 (3,901)  
Accrued expenses         (1,848) 123  
Customer deposits and deferred service revenue         6,279 (1,292)  
Customers payable         5,096 1,553  
Other long-term liabilities         (2,253) (186)  
Cash used in operating activities - continuing operations         (24,438) (27,934)  
Cash provided by (used in) operating activities - discontinued operations         (4,183) 9,446  
Net cash used in operating activities         (28,621) (18,488)  
Cash flows from investing activities:              
Cash paid for acquisition, net of cash acquired         (293,570) 0  
Capital expenditures         (791) (4,650)  
Capitalization of software costs         (4,004) (3,364)  
Proceeds from company-owned life insurance policies         3,266 0  
Proceeds from sale of held to maturity investments         53,277 68,115  
Purchases of held to maturity investments         (28,351) (64,542)  
Cash used in investing activities - continuing operations         (270,173) (4,441)  
Cash provided by (used in) investing activities - discontinued operations         92,075 (371)  
Net cash used in investing activities         (178,098) (4,812)  
Cash flows from financing activities:              
Proceeds from private placement of common stock, net of issuance costs         194,490 0  
Proceeds from debt issuance, net of original issue discount         87,333 0  
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock         (5,071) (2,743)  
Proceeds from employee stock purchase plan         526 0  
Proceeds from exercise of stock options         2,039 912  
Cash provided by (used in) financing activities - continuing operations         279,317 (1,831)  
Cash provided by (used in) in financing activities - discontinued operations         0 0  
Net cash provided by (used in) financing activities         279,317 (1,831)  
Effect of exchange rate changes on cash and cash equivalents         933 (508)  
Net increase (decrease) in cash and cash equivalents and cash held on behalf of customers         73,531 (25,639)  
Cash and cash equivalents and cash held on behalf of customers at beginning of period   $ 47,539   $ 77,533 47,539 77,533 $ 77,533
Cash and cash equivalents and cash held on behalf of customers at end of period 121,070   51,894   121,070 51,894 47,539
Reconciliation of cash and cash equivalents and cash held on behalf of customers              
Cash and cash equivalents 105,804   43,136   105,804 43,136  
Cash held on behalf of customers 15,266   8,758   15,266 8,758 10,170
Total cash and cash equivalents and cash held on behalf of customers $ 121,070   $ 51,894   121,070 51,894 47,539
Supplemental disclosures of cash flow information:              
Cash paid for interest         3,713 4,022  
Cash paid for income taxes         1,543 2,392  
Capitalized software recorded in accounts payable         36 468  
Capital expenditures in accounts payable         62 98  
Common stock issued for acquisition         $ 133,181 $ 0  
Cash and cash equivalents included in discontinued operations             $ 200