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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (4,987) $ (69,752) $ (69,319)
Net income from discontinued operations (84,923) (11,867) (10,753)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 37,907 27,014 25,643
Accretion of debt in interest expense 2,432 2,205 1,997
Accretion of discount on held to maturity investments in interest expense, net 480 (1,886) 0
Current expected credit losses 2,596 579 1,204
Provision for obsolete inventory (150) (1,915) 69
Stock-based compensation 24,487 14,291 13,261
Impairment loss 225 0 1,301
Loss on debt extinguishment 6,560 635 0
Adjustment to contingent consideration liability (600) (9,200) (4,400)
Deferred income tax (10,788) 197 (373)
Changes in operating assets and liabilities:      
Accounts receivable (10,496) (772) (5,587)
Inventories 1,768 15,984 (2,767)
Other current assets (3,390) (1,147) 1,823
Other assets 30 (1,608) (5,031)
Accounts payable 4,276 4,411 696
Accrued salaries and benefits 8,101 (265) 808
Accrued expenses 2,476 769 (683)
Customer deposits and deferred service revenue (318) (2,179) (5,851)
Customers payable 3,258 2,966 7,205
Other long-term liabilities (257) (412) (868)
Cash used in operating activities - continuing operations (21,313) (31,952) (51,625)
Cash (used in) provided by operating activities - discontinued operations (3,933) 14,877 8,555
Net cash used in operating activities (25,246) (17,075) (43,070)
Cash flows from investing activities:      
Cash paid for acquisitions, net of cash acquired (309,368) (1,900) (18,797)
Capital expenditures (970) (5,018) (1,163)
Capitalization of software costs (5,814) (5,346) (6,234)
Proceeds from company owned life insurance policies 3,266 0 0
Proceeds from sale of held to maturity investments 65,065 85,978 24,243
Purchases of held to maturity investments (28,351) (80,996) (64,533)
Cash used in investing activities - continuing operations (276,172) (7,282) (66,484)
Cash provided by (used in) investing activities - discontinued operations 96,060 (499) (226)
Net cash used in investing activities (180,112) (7,781) (66,710)
Cash flows from financing activities:      
Principal payments of long-term debt 0 0 (705)
Proceeds from private placement of common stock, net of issuance costs 194,490 0 0
Proceeds from debt issuance, net of original issue discount 87,333 0 0
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock (5,071) (2,685) (3,148)
Proceeds from exercise of stock options 2,235 1,069 1,286
Proceeds from employee stock purchase plan 989 0 0
Cash paid for debt extinguishment (1,469) 0 0
Net cash provided by (used in) financing activities 278,507 (1,616) (2,567)
Effect of exchange rate changes on cash and cash equivalents 857 (3,522) 1,461
Net increase (decrease) in cash, cash equivalents, and cash held on behalf of customers 74,006 (29,994) (110,886)
Cash, cash equivalents, and cash held on behalf of customers at beginning of period 47,539 77,533 188,419
Cash, cash equivalents, and cash held on behalf of customers at end of period 121,545 47,539 77,533
Reconciliation of cash, cash equivalents, and cash held on behalf of customers      
Cash and cash equivalents 108,117 37,369 70,328
Cash held on behalf of customers 13,428 10,170 7,205
Total cash, cash equivalents, and cash held on behalf of customers 121,545 47,539 77,533
Supplemental disclosures of cash flow information:      
Cash paid for income taxes 2,323 3,223 1,285
Capitalized software recorded in accounts payable 31 38 27
Capital expenditures in accounts payable 76 139 75
Common stock issued for acquisition $ 133,180 0 $ 6,300
Cash paid for debt extinguishment   $ 200