Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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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 loss $ (567) $ (2,570)
Adjustments:    
Depreciation and amortization 11,566 11,033
Amortization of loan costs 38 38
Stock-based compensation expense 4,794 4,853
Change in fair value of warrant liabilities 64 1,058
Change in fair value of contingent consideration 0 53
Deferred income tax expense (134) (2,228)
Other 114 (179)
Changes in operating assets and liabilities    
Receivables (1,595) (6,861)
Prepaid expenses and other current assets (1,081) 201
Income tax receivable (425) 2,128
Accounts payable & accrued liabilities (7,865) (3,492)
Other 89 469
Net cash provided by operating activities 4,998 4,503
Cash flows from investing activities:    
Purchase of property and equipment (1,443) (1,849)
Additions to internal-use software (5,105) (5,937)
Other 26 168
Net cash used in investing activities (6,522) (7,618)
Cash flows from financing activities:    
Proceeds from stock option exercises 77 1,916
Payments for tax withholding of stock-based compensation (685) 0
Payment of minimum guarantee liabilities (819) 0
Repurchases of treasury stock (2,836) (5,406)
Net cash used in financing activities (4,263) (3,490)
Foreign currency translation (122) 89
Net change in cash and cash equivalents (5,909) (6,516)
Cash and cash equivalents at beginning of period 132,889 134,000
Cash and cash equivalents at end of period 126,980 127,484
Supplemental cash flow disclosures:    
Interest paid 41 41
Income taxes paid, net of refunds 659 414
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 397 556
Additions to intangible assets related to licensing agreements $ 2,370 $ 4,617