v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net (loss) income $ (27,365) $ 10,121
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for bad debt 1,305 1,384
Depreciation and amortization 21,377 19,649
Lease restructuring charges (167) (81)
Loss on debt extinguishment 0 2,108
Stock-based compensation, net of amounts capitalized 5,332 3,976
Amortization of debt issuance costs 1,149 1,006
Deferred income tax provision, net (1,160) (856)
Change in fair value of contingent consideration 2,533 (2,525)
Change in fair value of warrant liability (2,480) (13,835)
Change in Tax Receivable Agreement liability (120) 0
Change in income tax receivable and payable 1,297 (728)
Change in accounts receivable 4,824 (7,324)
Change in prepaid expenses and other current assets 1,120 (2,121)
Change in accounts payable and accrued expenses (5,341) (2,367)
Change in other liabilities (195) (516)
Net cash provided by operating activities 2,109 7,891
Cash flows from investing activities    
Additions to property and equipment (5,247) (7,875)
Acquisition of businesses, net of cash acquired (2,579) (24,830)
Net cash used in investing activities (7,826) (32,705)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 0 220,840
Payments of long-term debt and notes payable (1,687) (200,414)
Proceeds from borrowings on revolving credit facilities 0 11,000
Payments of borrowings on revolving credit facilities 0 (15,000)
Payment of debt issuance costs 0 (3,565)
Payment of equity issuance 0 (475)
Payment of early termination 0 (188)
Proceeds from warrants exercised 0 11
Purchase of treasury stock related to stock-based compensation (156) 0
Distributions to non-controlling interest holders (563) 0
Other 0 (60)
Net cash (used in) provided by financing activities (2,406) 12,149
Net change in cash (8,123) (12,665)
Cash, beginning of period 26,394 31,397
Cash, end of period 18,271 18,732
Supplemental Disclosure of Cash Flow Information    
Interest 10,651 10,908
Income taxes 662 3,837
Non-Cash Investing and Financing Transactions:    
Contingent and deferred acquisition consideration 2,971 11,877
Stock-based compensation capitalized in property and equipment 363 366
Capital expenditures included in accounts payable 236 550
Issuance of equity for Aimtell/Aramis//PushPros, and Crisp Results $ 10,000 $ 35,000