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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ 151,308 $ (41,704) $ (122,404)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
(Gain) loss on impairments and disposal of assets (71) 2,584 5,437
Amortization of intangibles 5,190 5,889 7,694
Depreciation 16,459 18,300 19,070
Non-cash compensation expense 29,457 28,579 39,682
Deferred income taxes (129,751) 2,793 (4,692)
Bad debt expense 264 171 1,752
Amortization of debt issuance costs 1,609 2,168 3,137
Amortization of debt discount 498 331 0
Reduction in carrying amount of ROU asset, offset by change in operating lease liabilities (1,926) (2,839) (4,404)
Gain on settlement of convertible debt (266) (9,035) (48,562)
Impairment of long-lived assets 0 0 38,600
Changes in assets and liabilities:      
Accounts receivable (13,056) (43,007) 27,706
Prepaid and other assets (13,586) (4,747) (2,977)
Accounts payable, accrued expenses and other current liabilities 19,990 44,581 (5,541)
Income taxes receivable (2,166) 96 (140)
Other, net 64 (278) (1,291)
Net cash provided by operating activities 73,103 62,258 67,571
Cash flows from investing activities      
Capital expenditures (12,423) (11,220) (12,528)
Proceeds from the sale of fixed assets 2,497 0 0
Other investing activities 0 2 50
Net cash used in investing activities (9,926) (11,218) (12,478)
Cash flows from financing activities      
Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise of stock options (2,789) (2,186) (1,088)
Proceeds from term loan 450,000 125,000 0
Repayment of term loan (410,375) (12,500) (1,875)
Payment of debt issuance costs (5,095) (4,300) (1,580)
Payment of original issue discount on term loan (4,000) (3,125) 0
Other financing activities 0 (552) 1
Net cash used in financing activities (88,698) (56,502) (242,006)
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (25,521) (5,462) (186,913)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 106,594 112,056 298,969
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 81,073 106,594 112,056
Non-cash investing activities:      
Increase (decrease) in capital expenditures included in accounts payable and accrued expenses (170) 128 (377)
Supplemental cash flow information:      
Interest paid 37,203 38,203 23,685
Income tax payments 1,772 1,676 1,283
Income tax refunds 238 220 100
Convertible Debt      
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Loss on impairment of equity investments 1,225 58,376 114,504
Secured Debt      
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Loss on impairment of equity investments 7,861 0 0
2025 Convertible Notes      
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Amortization of debt issuance costs 300 1,000 2,200
Gain on settlement of convertible debt   (10,100) (53,300)
Cash flows from financing activities      
Repayment and repurchase of 0.50% Convertible Senior Notes (115,007) (158,839) (237,464)
Payment of revolver issuance costs $ (1,432) $ 0 $ 0