|
Net income
|
|
($18.7m)
|
$10.4m
|
$18.8m
|
$8.3m
|
$2.6m
|
$23.7m
|
$49.1m
|
$44.5m
|
|
Depreciation and amortization
|
|
$2.5m
|
$2.1m
|
$3.6m
|
$5.1m
|
$7.1m
|
$9.5m
|
$11.0m
|
$11.3m
|
|
Amortization of debt discounts and issuance costs
|
|
—
|
—
|
—
|
—
|
—
|
$225k
|
$420k
|
$1.1m
|
|
Deferred income taxes
|
|
($1.7m)
|
($11.4m)
|
($49.1m)
|
($43.3m)
|
($22.5m)
|
($22.1m)
|
($3.7m)
|
$5.9m
|
|
Impairment expense
|
|
—
|
—
|
—
|
$0
|
$0
|
$3.6m
|
$347k
|
$4.7m
|
|
Loss on debt extinguishment
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$804k
|
|
(Gain) loss on disposal of fixed assets
|
|
$22k
|
$0
|
$0
|
—
|
$0
|
$0
|
$74k
|
($189k)
|
|
Bad debt expense
|
|
$1.3m
|
$725k
|
$1.6m
|
$3.0m
|
$6.2m
|
$4.4m
|
$2.9m
|
$1.8m
|
|
Equity-based compensation
|
|
$27.0m
|
$1.5m
|
$4.7m
|
$7.3m
|
$19.6m
|
$24.0m
|
$28.0m
|
$23.4m
|
|
Adjustments to tax receivable agreement liability
|
|
$1.7m
|
$11.7m
|
$48.8m
|
$40.8m
|
$24.7m
|
$23.6m
|
$8.7m
|
$516k
|
|
Noncash lease expense
|
|
$0
|
$0
|
$13.6m
|
$5.9m
|
$2.0m
|
($748k)
|
($4.5m)
|
($1.7m)
|
|
Cloud computing arrangement implementation costs
|
|
—
|
—
|
—
|
$0
|
$0
|
($85k)
|
($1.2m)
|
($657k)
|
|
Receivable from franchisees
|
|
($1.6m)
|
($5.2m)
|
($7.1m)
|
($10.6m)
|
($722k)
|
$7.7m
|
$3.9m
|
$104k
|
|
Commissions and agency fees receivable
|
|
($1.3m)
|
$2.5m
|
($12.9m)
|
$4.7m
|
($4.5m)
|
($28k)
|
($19.9m)
|
($6.0m)
|
|
Prepaid expenses
|
|
($588k)
|
($877k)
|
($1.7m)
|
($1.1m)
|
$451k
|
($3.6m)
|
($250k)
|
$588k
|
|
Other assets
|
|
$435k
|
($346k)
|
($2.6m)
|
($805k)
|
$548k
|
$486k
|
$827k
|
$966k
|
|
Accounts payable and accrued expenses
|
|
$1.2m
|
$913k
|
$2.5m
|
$3.0m
|
$2.5m
|
($109k)
|
$5.1m
|
$6.9m
|
|
Contract liabilities
|
|
$0
|
$6.3m
|
$11.4m
|
$14.4m
|
($2.1m)
|
($19.5m)
|
($8.6m)
|
($2.2m)
|
|
Issuance of notes receivable to franchisees
|
|
—
|
—
|
—
|
($32k)
|
($43k)
|
($130k)
|
($325k)
|
($125k)
|
|
Proceeds from notes receivable to franchisees
|
|
$22k
|
$19k
|
$35k
|
$32k
|
$43k
|
$0
|
$94k
|
$303k
|
|
Capitalized software development costs
|
|
($148k)
|
($403k)
|
($393k)
|
($2.7m)
|
($2.5m)
|
($7.7m)
|
($11.2m)
|
($13.1m)
|
|
Cash consideration paid for asset acquisitions
|
|
—
|
—
|
—
|
$0
|
$0
|
($6.9m)
|
$0
|
($4.9m)
|
|
Cash paid for asset disposals
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($32k)
|
|
Purchase of property and equipment
|
|
($2.1m)
|
($3.7m)
|
($10.0m)
|
($12.7m)
|
($10.1m)
|
($4.5m)
|
($979k)
|
($5.7m)
|
|
Customer premiums, net
|
|
—
|
—
|
—
|
—
|
($309k)
|
($75k)
|
$994k
|
($481k)
|
|
Repayment of notes payable
|
|
($50.6m)
|
($2.5m)
|
($27.8m)
|
($4.4m)
|
($4.4m)
|
($16.9m)
|
($9.4m)
|
($101.7m)
|
|
Proceeds from notes payable
|
|
$50.0m
|
$0
|
$64.8m
|
$44.6m
|
$0
|
$0
|
$25.0m
|
$306.4m
|
|
Member distributions
|
|
—
|
—
|
—
|
$0
|
$0
|
($10.9m)
|
($4.8m)
|
($64.2m)
|
|
Payments pursuant to tax receivable agreement
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($5.4m)
|
($6.7m)
|
|
Net cash provided by operating activities
|
|
$10.3m
|
$21.2m
|
$24.6m
|
$35.4m
|
$35.7m
|
$50.8m
|
$71.5m
|
$91.8m
|
|
Net cash used for investing activities
|
|
($2.2m)
|
($4.1m)
|
($10.3m)
|
($15.4m)
|
($12.6m)
|
($19.2m)
|
($12.4m)
|
($23.5m)
|
|
Debt issuance cost
|
|
($639k)
|
$0
|
($677k)
|
($666k)
|
$0
|
$0
|
($621k)
|
($7.9m)
|
|
Proceeds from the issuance of Class A common stock
|
|
$86.9m
|
$325k
|
$5.0m
|
$4.6m
|
$6.1m
|
$9.9m
|
$12.2m
|
$14.0m
|
|
Repurchases of Class A common stock
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($63.2m)
|
($81.7m)
|
|
Dividends to stockholders
|
|
($80.1m)
|
($18.7m)
|
($44.7m)
|
($60.0m)
|
$0
|
$0
|
$0
|
($145.8m)
|
|
Net cash used for financing activities
|
|
$5.6m
|
($20.9m)
|
($3.3m)
|
($15.8m)
|
($23.2m)
|
($17.9m)
|
($45.2m)
|
($88.2m)
|
|
Net increase (decrease) in cash and cash equivalents, and restricted cash
|
|
$13.6m
|
($3.8m)
|
$11.0m
|
$4.2m
|
($92k)
|
$13.7m
|
$13.9m
|
($20.0m)
|
|
Cash and cash equivalents, and restricted cash, beginning of period
|
|
$19.0m
|
$15.3m
|
$26.2m
|
$30.5m
|
$30.4m
|
$44.0m
|
$58.0m
|
$37.9m
|
|
Cash paid during the year for interest
|
|
$3.2m
|
$2.2m
|
$1.9m
|
$2.4m
|
$4.8m
|
$6.4m
|
$6.9m
|
$21.7m
|
|
Cash paid for income taxes
|
|
$300k
|
$1.2m
|
$270k
|
$272k
|
$484k
|
$701k
|
$631k
|
$929k
|
|
Cash paid pursuant to tax receivable agreement
|
|
$300k
|
$1.2m
|
$270k
|
$272k
|
$484k
|
$421k
|
$5.4m
|
$7.4m
|