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
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (3,178) $ (3,329)
Adjustments:    
Depreciation and amortization 23,220 22,149
Amortization of loan costs 77 76
Stock-based compensation expense 9,724 10,047
Change in fair value of warrant liabilities (653) 2,835
Change in fair value of contingent consideration 0 (950)
Asset impairments 91 935
Deferred income tax expense 246 (3,272)
Other 324 (126)
Changes in operating assets and liabilities    
Receivables 1,161 (4,003)
Prepaid expenses and other current assets (808) 1,313
Income tax receivable (1,513) (1,851)
Accounts payable & accrued liabilities (9,240) (1,020)
Other 80 1,077
Net cash provided by operating activities 19,531 23,881
Cash flows from investing activities:    
Purchase of property and equipment (3,181) (2,825)
Additions to internal-use software (9,875) (11,428)
Other (4) 65
Net cash used in investing activities (13,060) (14,188)
Cash flows from financing activities:    
Proceeds from stock option exercises 115 2,458
Payments for tax withholding of stock-based compensation (1,868) (1,240)
Payment of minimum guarantee liabilities (2,022) (1,333)
Repurchases of treasury stock (28,669) (15,452)
Net cash used in financing activities (32,444) (15,567)
Foreign currency translation (612) (459)
Net change in cash and cash equivalents (26,585) (6,333)
Cash and cash equivalents at beginning of period 132,889 134,000
Cash and cash equivalents at end of period 106,304 127,667
Supplemental cash flow disclosures:    
Interest paid 82 82
Income taxes paid, net of refunds 1,906 1,616
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 768 928
Increase in property and equipment included in accounts payable and other long-term liabilities 359 716
Additions to intangible assets related to licensing agreements 3,815 6,865
Right-of-use assets acquired under operating leases $ 3,727 $ 0