Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (2,679) $ (5,869)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of assets 9,070 10,272
Equity-classified and liability-classified stock-based compensation 558 338
Amortization of debt issuance costs and discounts 590 460
Deferred income tax benefit (1,661) (1,699)
Change in allowance for deferred tax assets (638) 466
Payment-in-kind interest 1,924 1,391
Other non-cash items, net (64) 208
Change in operating assets and liabilities:    
Accounts receivable (9,575) 631
Settlement assets and obligations, net (22,526) (7,047)
Prepaid expenses and other current assets (583) 390
Notes receivable 862 (927)
Accounts payable and other accrued liabilities 8,633 (3,541)
Customer deposits and advance payments 2,604 (1,647)
Other assets and liabilities, net 59 (680)
Net cash used in operating activities (13,426) (7,254)
Cash flows from investing activities:    
Additions to property, equipment, and software (2,754) (2,281)
Acquisitions of intangible assets (2,937) (948)
Net cash used in investing activities (5,691) (3,229)
Cash flows from financing activities:    
Repayment of long-term debt (4,860) (1,002)
Debt modification costs paid 0 (2,749)
Borrowings under revolving credit facility 0 3,500
Proceeds from exercise of stock options 617 0
Net cash used in financing activities (4,243) (251)
Net decrease in cash and restricted cash (23,360) (10,734)
Cash and restricted cash at beginning of period 88,120 50,465
Cash and restricted cash at end of period 64,760 39,731
Supplemental cash flow information:    
Cash paid for interest 6,553 8,186
Non-cash investing and financing activities:    
Payment-in-kind interest 1,924 1,391
Reconciliation of cash and restricted cash:    
Total cash and restricted cash $ 64,760 $ 39,731