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  "presentationDate": "2022-08-01 00:00:00",
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      "text": "a. These expenses relate to: i. professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and six months ended June 30, 2022, those expenses were $0.5 million and $3.3 million ($4.5 million and $9.8 million for the three months and six months ended June 30, 2021). These costs are presented in the professional fees line item of selling, general and administrative expenses. ii. acquisition-related compensation was $3.4 million and $6.8 million for the three months and six months ended June 30, 2022 and nil for the three months and six months ended 2021. These costs are presented in the employee compensation line item of selling, general and administrative expenses. iii. change in deferred purchase consideration for previously acquired businesses. A $0.5 million gain was recognized for the three months and six months ended 2022 and nil for 2021. These amounts are presented in the contingent consideration adjustment line item of selling, general and administrative expenses. iv. severance and integration expenses, which were $0.2 million and $0.6 million for the three months and six months ended June 30, 2022 (immaterial for the three months and six months ended June 30, 2021). These expenses are presented in selling, general and administrative expenses. b. These expenses represent expenses recognized in connection with stock options and other awards issued under share-based plans as well as related payroll taxes that are directly attributable to share-based payments. For the three months and six months ended June 30, 2022, the expenses consisted of non-cash share-based payments of $32.7 million and $69.9 million ($5.0 million and $9.1 million for three months and six months ended June 30, 2021), immaterial and $0.1 million for related payroll taxes (nil in 2021). c. This line item primarily represents legal settlements and associated legal costs, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in selling, general and administrative expenses.",
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      "text": "Reconciliation of Adjusted EBITDA and Free cash flow to Net Income (Loss) and Cash flow from operating activities (In thousands of U.S. dollars) Three months ended June 30 Six months ended June 30 2022 $ 2021 $ 2022 $ 2021 $ Cash flow from operating activities 91,489 85,591 157,223 138,994 Adjustments for: Depreciation of property and equipment (1,927) (1,430) (3,720) (2,780) Amortization of intangible assets (25,119) (19,310) (49,769) (38,958) Amortization of contract assets (486) (530) (913) (1,017) Share-based payments (32,664) (4,953) (69,851) (9,058) Net finance cost (income) 3,638 (2,520) (3,472) (4,976) Gain (loss) on foreign currency exchange 8,467 (1,691) 7,887 (1,246) Income tax expense (5,831) (6,120) (14,443) (11,179) Changes in non-cash working capital items (10,040) (17,463) 3,578 (14,265) Interest paid 4,539 2,599 8,805 5,435 Income taxes paid 3,017 4,741 4,272 5,754 Net income 35,083 38,914 39,597 66,704 Finance cost (recovery) (1,973) 3,432 5,768 6,747 Finance income (1,665) (912) (2,296) (1,771) Depreciation and amortization 27,046 20,740 53,489 41,738 Income tax expense 5,831 6,120 14,443 11,179 Acquisition, integration and severance costs (a) 3,612 4,500 10,166 9,840 Share-based payments and related payroll taxes(b) 32,704 4,953 69,944 9,058 Loss (gain) on foreign currency exchange (8,467) 1,691 (7,887) 1,246 Legal settlement and other (c) 682 (63) 1,207 96 Adjusted EBITDA 92,853 79,375 184,431 144,837 Acquisition of property and equipment, and (12,026) (6,387) (21,087) (11,125) intangible assets Free cash flow 80,827 72,988 163,344 133,712",
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