| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||||||||
Net (loss) income | ||||||||||||||||
-570,100 | -68,200 | -19,700 | 11,400 | 26,500 | -90,000 | 20,900 | 5,900 | 38,100 | 40,300 | 19,200 | -6,000 | 28,300 | -24,033 | 18,427 | -370 | 28,176 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||
Stock-based compensation expense | ||||||||||||||||
1,600 | 1,600 | 1,900 | 2,600 | 1,600 | 1,600 | 1,900 | 1,400 | 1,200 | 700 | 700 | 600 | 600 | 578 | 725 | 904 | 793 |
Provision for doubtful accounts | ||||||||||||||||
100 | 100 | 200 | 200 | 100 | 200 | 100 | 100 | 100 | 300 | 200 | 0 | 0 | 241 | 282 | 114 | 63 |
Depreciation and amortization | ||||||||||||||||
12,800 | 12,700 | 12,900 | 13,200 | 13,200 | 12,600 | 11,400 | 11,400 | 11,400 | 10,900 | 10,900 | 10,800 | 10,600 | 10,173 | 9,953 | 9,931 | 9,943 |
Goodwill impairment charges | ||||||||||||||||
564,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Intangible asset impairment charges | ||||||||||||||||
59,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash operating lease expense | ||||||||||||||||
-800 | - | - | - | -800 | - | - | - | - | - | - | - | - | - | - | - | - |
Amortization of deferred financing fees and debt discount | ||||||||||||||||
400 | 400 | 300 | 400 | 300 | 400 | 300 | 700 | 300 | 500 | 300 | 2,900 | 900 | - | - | - | 1,040 |
Unrealized gain on interest rate swap and floor | ||||||||||||||||
- | - | - | - | - | 100 | 0 | 200 | 500 | 500 | 300 | 200 | 400 | 651 | 359 | 76 | -386 |
Deferred income taxes | ||||||||||||||||
-57,900 | -15,300 | -4,200 | 8,800 | -4,700 | -30,000 | 5,000 | -300 | 500 | -62,900 | 12,200 | -3,400 | 14,200 | -19,346 | 11,557 | -205 | 18,394 |
Remeasurement of contingent consideration | ||||||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 500 | 300 | 0 | 0 | 0 | -139 | 0 | 0 | -61 |
Changes in operating assets and liabilities, net of effect of businesses acquired: | ||||||||||||||||
Trade and other receivables | ||||||||||||||||
900 | -17,500 | 1,200 | -18,600 | 31,500 | -24,600 | 6,800 | -24,400 | 41,200 | -38,100 | 26,300 | -14,800 | 27,300 | -20,211 | 20,038 | -19,895 | 30,668 |
Prepaid expenses | ||||||||||||||||
-17,500 | 11,300 | -400 | 2,600 | -9,300 | 4,400 | -1,400 | 1,400 | -8,100 | 7,800 | -3,300 | 2,600 | -11,600 | 6,471 | -2,073 | 5,018 | -7,716 |
Other noncurrent assets | ||||||||||||||||
1,500 | 0 | -300 | 100 | 100 | 0 | 100 | -100 | 0 | 400 | 100 | 0 | -600 | - | - | - | - |
Accounts payable and other current liabilities | ||||||||||||||||
10,600 | -17,500 | 7,300 | 400 | 2,700 | -2,800 | 2,500 | -1,100 | 5,800 | -17,000 | 7,600 | 2,200 | 10,500 | -8,741 | 1,952 | -1,348 | 10,537 |
Cancelled event liabilities | ||||||||||||||||
72,100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Income tax payable | ||||||||||||||||
2,000 | - | 600 | -12,300 | 12,200 | - | -700 | -7,300 | 10,900 | - | 0 | 0 | 0 | - | - | - | - |
Deferred revenues | ||||||||||||||||
-101,300 | 37,000 | -13,200 | -11,700 | -18,500 | 22,000 | -22,000 | 500 | -12,800 | 35,200 | -17,200 | 7,500 | -20,100 | 39,061 | -18,628 | 14,487 | -16,520 |
Operating lease liabilities | ||||||||||||||||
-800 | - | - | - | -800 | - | - | - | - | - | - | - | - | - | - | - | - |
Other noncurrent liabilities | ||||||||||||||||
- | -100 | -300 | -500 | 500 | -100 | 200 | -400 | -1,800 | 4,000 | 200 | 0 | -700 | 332 | 58 | 4 | 6 |
Net cash provided by operating activities | ||||||||||||||||
8,800 | 16,200 | 11,600 | 28,400 | 11,600 | 35,400 | 14,100 | 33,800 | 20,600 | 41,700 | 10,700 | 29,600 | 28,800 | 15,999 | 7,030 | 40,044 | 29,927 |
Acquisition of businesses | ||||||||||||||||
- | - | - | - | - | - | - | - | - | 37,000 | 0 | 16,400 | 39,100 | - | - | - | - |
Purchases of property and equipment | ||||||||||||||||
500 | 700 | 400 | 300 | 200 | 200 | 0 | 300 | 300 | 600 | 0 | 100 | 200 | 1,027 | 1,027 | 218 | 128 |
Purchases of intangible assets | ||||||||||||||||
600 | 1,400 | 500 | 300 | 100 | 100 | 500 | 1,900 | 200 | 1,700 | 100 | 200 | 100 | 147 | 169 | 375 | 309 |
Net cash used in investing activities | ||||||||||||||||
-1,100 | -14,900 | -900 | -600 | -300 | -43,700 | -28,300 | -2,200 | -500 | -39,300 | -100 | -16,700 | -39,400 | -33,190 | -17,680 | -593 | -437 |
Payment of deferred consideration for acquisition of businesses | ||||||||||||||||
500 | -1,000 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 4,300 | 0 | 7,000 | 1,300 | 70 | 0 | 0 | 4,530 |
Proceeds from borrowings on revolving credit facility | ||||||||||||||||
45,000 | - | - | - | 0 | - | - | - | - | 18,000 | 0 | 10,000 | 15,000 | - | - | - | - |
Repayment of revolving credit facility | ||||||||||||||||
5,000 | 6,000 | 5,000 | 20,000 | 15,000 | 10,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repayment of principal on term loan | ||||||||||||||||
1,400 | 1,500 | 1,400 | 1,400 | 1,400 | 1,500 | 1,400 | 21,400 | 1,400 | 1,400 | 1,400 | 159,200 | 2,200 | 2,275 | 1,575 | 31,575 | 1,575 |
Cash dividends paid | ||||||||||||||||
5,400 | 5,300 | 5,400 | 5,400 | 5,200 | 5,300 | 5,300 | 5,300 | 5,100 | 5,100 | 5,100 | 5,000 | 0 | - | - | - | - |
Repurchase of common stock | ||||||||||||||||
100 | 3,900 | 3,800 | 500 | 100 | 19,400 | 0 | 0 | 0 | - | - | - | - | -81 | 0 | 0 | 81 |
Proceeds from exercise of stock options | ||||||||||||||||
- | - | - | - | - | - | - | 2,600 | 2,500 | - | 0 | 0 | 0 | - | - | - | - |
Proceeds from issuance of common stock under equity plans | ||||||||||||||||
100 | - | - | - | 1,800 | - | - | - | - | - | - | - | - | -1 | 0 | 0 | 101 |
Net cash provided by (used in) financing activities | ||||||||||||||||
32,700 | -5,300 | -9,500 | -26,300 | -20,900 | 15,000 | -6,500 | -24,100 | -4,000 | -5,500 | -6,500 | -18,800 | 11,500 | -3,265 | -1,575 | -31,575 | -6,085 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||||||
40,400 | -4,000 | 1,200 | 1,500 | -9,600 | 6,700 | -20,700 | 7,500 | 16,100 | -3,100 | 4,100 | -5,900 | 900 | -20,456 | -12,225 | 7,876 | 23,405 |
Supplemental schedule of non-cash investing and financing activities | ||||||||||||||||
Contingent consideration related to acquisitions | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 3,800 | - | - | - | - |