XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net loss $ (15,676) $ (15,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 21,253 21,974
Loss on disposal of assets 39 802
Share-based compensation expense 8,641 14,042
Deferred income taxes (4,609) (7,770)
Amortization of operating lease right-of-use assets 1,930 2,248
Impairment and abandonment of operating lease right-of-use assets related to facilities 0 7,815
Amortization of debt issuance costs 971 1,045
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables 3,393 (22,156)
Inventories 6,302 6,760
Prepaid expenses (619) (873)
Other current assets 928 34
Investment in sales-type leases (1,125) 613
Prepaid commissions 2,223 2,574
Other long-term assets 836 628
Accounts payable (1,443) 20
Accrued compensation (10,278) (25,171)
Accrued liabilities 5,063 (689)
Deferred revenues 34,121 29,135
Operating lease liabilities (2,778) (2,678)
Other long-term liabilities 781 (583)
Net cash provided by operating activities 49,953 12,770
Investing Activities    
External-use software development costs (3,383) (3,499)
Purchases of property and equipment (8,957) (10,141)
Net cash used in investing activities (12,340) (13,640)
Financing Activities    
Proceeds from issuances under stock-based compensation plans 8,042 12,114
Employees’ taxes paid related to restricted stock units (705) (1,369)
Change in customer funds, net 4,589 (6,883)
Net cash provided by financing activities 11,926 3,862
Effect of exchange rate changes on cash and cash equivalents (556) 176
Net increase in cash, cash equivalents, and restricted cash 48,983 3,168
Cash, cash equivalents, and restricted cash at beginning of period 500,979 352,835
Cash, cash equivalents, and restricted cash at end of period 549,962 356,003
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 512,364 340,413
Restricted cash included in other current assets 37,598 15,590
Cash, cash equivalents, and restricted cash at end of period 549,962 356,003
Supplemental disclosure of non-cash investing activities    
Unpaid purchases of property and equipment $ 483 $ 1,321