| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|
Net income (loss) | ||||||
- | - | 3,906 | - | - | - | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Preliminary bargain purchase gain | ||||||
0 | 0 | 0 | - | - | - | - |
Depreciation of property and equipment in operating expenses | ||||||
11,245 | 10,915 | 9,673 | 8,462 | 0 | 0 | 0 |
Depreciation of property and equipment in cost of revenue | ||||||
4,536 | 3,567 | 2,591 | 1,465 | 0 | 0 | 0 |
Amortization of finite-life intangibles | ||||||
35,971 | 33,364 | 29,548 | 26,445 | 0 | 0 | 0 |
Change in fair value of acquisition-related contingent consideration | ||||||
0 | 0 | 0 | - | - | - | - |
Deferred income taxes | ||||||
-14,200 | -13,312 | -10,264 | -8,011 | 0 | 0 | 0 |
Amortization of debt issuance costs | ||||||
1,604 | 1,640 | 2,131 | 2,596 | 0 | 0 | 0 |
Stock-based compensation expense | ||||||
8,296 | 7,388 | 7,517 | 1,287 | 0 | 0 | 0 |
Other | ||||||
0 | 0 | 0 | - | - | - | - |
Changes in assets and liabilities, net of business acquisitions | ||||||
Trade accounts receivable | ||||||
62,060 | 52,326 | 30,965 | 38,661 | 0 | 0 | 0 |
Inventories | ||||||
8,300 | -1,003 | -5,515 | -9,913 | 0 | 0 | 0 |
Prepaid expenses, deferred customer support contract costs and other | ||||||
8,438 | 3,886 | 6,069 | 3,576 | 0 | 0 | 0 |
Income tax receivable | ||||||
0 | 0 | 0 | - | - | - | - |
Accounts payable and accrued expenses | ||||||
40,329 | 7,747 | 10,519 | -7,558 | 0 | 0 | 0 |
Customer deposits | ||||||
210 | -4,249 | 718 | -1,090 | 0 | 0 | 0 |
Income tax payable | ||||||
803 | -1,932 | -2,756 | -4,253 | 0 | 0 | 0 |
Deferred revenue and other long-term liabilities | ||||||
4,923 | 9,392 | 6,954 | 9,865 | 0 | 0 | 0 |
Net cash provided by (used in) operating activities | ||||||
17,335 | -7,043 | 10,555 | -6,524 | 0 | 0 | 0 |
Cash Flows from Investing Activities | ||||||
Purchases of property and equipment | ||||||
12,898 | 13,218 | 10,334 | 9,514 | 0 | 0 | 0 |
Acquisition of business, net of cash acquired | ||||||
0 | 0 | 0 | - | - | - | - |
Net cash used in investing activities | ||||||
-101,245 | -183,173 | -183,185 | -152,439 | 0 | 0 | 0 |
Cash Flows from Financing Activities | ||||||
Proceeds from revolving credit agreement | ||||||
214,000 | 235,000 | 195,000 | 114,000 | 0 | 0 | 0 |
Repayment of revolving credit agreement | ||||||
190,000 | 195,000 | 105,000 | 94,000 | 0 | 0 | 0 |
Proceeds from term notes, less discount | ||||||
- | - | - | 569,988 | 0 | 0 | 0 |
Payment on long-term debt | ||||||
565,601 | 565,001 | 417,370 | 416,814 | 0 | 0 | 0 |
Payment of deferred financing costs | ||||||
- | - | - | - | 0 | 0 | 0 |
Payment of deferred financing costs | ||||||
- | - | 0 | - | - | - | 0 |
Repurchase of common stock | ||||||
- | - | - | 385 | 0 | 0 | 0 |
Proceeds from subscription receivable | ||||||
0 | 0 | 0 | - | - | - | - |
Proceeds from Forum cash | ||||||
0 | 0 | 0 | - | - | - | - |
Payment of reverse recapitalization costs | ||||||
0 | 0 | 0 | - | - | - | - |
Payment to former C1 Securityholders | ||||||
0 | 0 | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||
87,455 | 192,125 | 171,360 | 162,806 | 0 | 0 | 0 |
Net decrease in cash | ||||||
3,545 | 1,909 | -1,270 | 3,843 | 0 | 0 | 0 |
Supplemental disclosures of cash flow information | ||||||
Interest paid | ||||||
- | - | 0 | - | - | - | 0 |
Income taxes paid | ||||||
- | - | - | 4,343 | 0 | 0 | 0 |
Supplemental disclosures of noncash investing and financing activities | ||||||
Reverse recapitalization costs in accounts payable and accrued expenses, net of tax | ||||||
- | 0 | 0 | - | - | - | - |
Earnout consideration payable | ||||||
- | - | 0 | - | - | - | - |
Deferred offering costs in accounts payable and accrued expenses | ||||||
- | - | - | - | 0 | 0 | 0 |
Liabilities assumed from Forum | ||||||
0 | 0 | 0 | - | - | - | - |
Deferred financing costs in accounts payable and accrued expenses | ||||||
- | - | - | - | - | 0 | 0 |
Property and equipment purchases financed with accounts payable | ||||||
502 | 842 | 353 | 123 | 0 | 0 | 0 |