Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (22,048) $ (7,966)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 26,970 25,507
Amortization of deferred financing costs 1,188 1,047
Non-cash reduction to the operating lease right-of-use assets 1,129 0
Deferred income taxes (7,666) (4,308)
Non-cash foreign currency loss 489 77
Share-based compensation 4,551 630
Provision for doubtful accounts 183 11
Change in fair value of warrant liability (133) (2,383)
Change in operating assets and liabilities, net of operating assets and liabilities acquired:    
Accounts receivable 2,421 (7,049)
Inventories 6,661 (4,089)
Prepaid expenses and other receivables (769) (9,016)
Accounts payable and accrued liabilities (2,674) (6,103)
Deferred revenue 872 (671)
Income taxes payable 269 (32)
Operating lease liabilities (752)  
Net cash provided by (used in) operating activities 10,691 (14,345)
Cash flows used in investing activities    
Additions to intangible assets (5,610) (4,754)
Additions to property and equipment (1,589) (1,219)
Payments for acquisitions, net of cash acquired (46,002) 0
Net cash used in investing activities (53,201) (5,973)
Cash flows from financing activities    
Proceeds from revolving credit facility 0 22,000
Repayment of term loan (1,576) (1,584)
Repayment of other borrowings—notes payable (148) 0
Equity financing fees (126) (1,373)
Payment of deferred financing costs (453) 0
Payment of financing lease obligations (151)  
Payment of capital lease obligations   (668)
Net cash provided by (used in) financing activities (2,454) 18,375
Effect of exchange rate change on cash and cash equivalents (575) (82)
Change in cash and cash equivalents and restricted cash (45,539) (2,025)
Cash and cash equivalents and restricted cash, beginning of period 86,343 10,693
Cash and cash equivalents and restricted cash, end of period 40,804 8,668
Supplemental cash flow information:    
Interest paid 12,778 9,329
Taxes paid 1,129 0
Non-cash investing and financing activities:    
ASU 2020-06 Adoption 15,163 0
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities upon the adoption of ASC 842 9,604  
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities 420  
Capital leases   346
Equity financing fees accrued $ 0 $ 1,648