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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 62,763 $ 50,806
Adjustment to reconcile net income to net cash from operating activities:    
Depreciation and amortization 5,492 5,092
Stock-based compensation expense (3,915) 27,642
Changes to deferred taxes (932) (2,500)
Debt accretion expense 33 253
Changes in operating assets and liabilities:    
(Increase)/Decrease in Inventories (1,813) (268)
(Increase)/Decrease in Prepaid expenses and other current assets 6,218 (1,378)
(Increase)/Decrease in Operating right-of-use assets 401 406
Increase/(Decrease) in Operating lease liabilities (380) (245)
Increase/(Decrease) in Accrued arbitration expenses 7,090 4,061
Increase/(Decrease) in Accrued income tax expense 14,727 19,598
Increase/(Decrease) in Accrued expenses and other current liabilities 5,210 (769)
Net cash provided by operating activities 75,518 50,965
Cash flows from investing activities:    
Acquisitions of property and equipment (1,201) (64)
Net cash used in investing activities (1,201) (64)
Cash flows from financing activities:    
Proceeds from lines of credit 0 3,864
Proceeds from notes payable 0 157
Repayments of lines of credit (594) (292)
Repayments of notes payable (1,554) (1,810)
Repayments of finance leases (1,553) (1,367)
Cash related to stock repurchases and retirements (31,730) 0
Members' contributions 1,239 0
Members' distributions (15,357) (7,364)
Net cash used in financing activities (49,549) (6,812)
Net change in cash, cash equivalents, and restricted cash 24,768 44,089
Cash and cash equivalents - beginning of the period 207,347 84,729
Restricted cash - beginning of period 297 0
Cash and cash equivalents and restricted cash - beginning of period 185,871 40,640
Cash and cash equivalents - end of period 185,574 40,640
Restricted cash - end of period 3,292 0
Cash and cash equivalents and restricted cash - end of period 210,639 84,729
Nonrelated Party    
Changes in operating assets and liabilities:    
(Increase)/Decrease in Accounts receivable (20,120) (62,633)
Increase/(Decrease) in Accounts payable 289 10,222
Related Party    
Changes in operating assets and liabilities:    
(Increase)/Decrease in Accounts receivable (361) (656)
Increase/(Decrease) in Accounts payable $ 816 $ 1,334