XML 19 R6.htm IDEA: XBRL DOCUMENT v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net (loss) income and comprehensive (loss) income $ (45,524) $ 6,652
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss on impairments and disposal of assets 6 847
Amortization of intangibles 3,834 3,902
Depreciation 12,609 12,533
Non-cash compensation expense 15,172 20,091
Deferred income taxes 3,928 1,198
Bad debt expense 515 267
Amortization of debt issuance costs 794 1,360
Amortization of debt discount 504 335
Impairment of goodwill 98,823 0
Reduction in carrying amount of ROU asset, offset by change in operating lease liabilities (807) (762)
Gain on settlement of convertible debt 0 (266)
Loss on investments 359 1,225
Loss on repayment of term loans (672) (7,861)
Changes in assets and liabilities:    
Accounts receivable (54,937) (51,921)
Prepaid and other assets (5,760) (5,439)
Accounts payable, accrued expenses and other current liabilities 45,856 61,733
Income taxes 397 (1,993)
Other, net 7 (1,048)
Net cash provided by operating activities 76,448 56,575
Cash flows from investing activities:    
Capital expenditures (8,877) (9,423)
Proceeds from sale of fixed assets 0 2,497
Other investing activities 52 0
Net cash used in investing activities (8,825) (6,926)
Cash flows from financing activities:    
Proceeds from term loan 0 450,000
Repayment of term loan (62,700) (409,375)
Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise of stock options (3,287) (2,756)
Repayment and repurchase of 0.50% Convertible Senior Notes 0 (115,007)
Payment of revolver issuance costs 0 (1,432)
Payment of debt issuance costs 0 (5,095)
Payment of original issue discount 0 (4,000)
Net cash used in financing activities (65,987) (87,665)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 1,636 (38,016)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 81,073 106,594
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 82,709 68,578
Supplemental cash flow information:    
Interest paid $ 24,223 $ 28,424