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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Pretax From Continuing Operations
The components of pretax income from continuing operations, generally based on the jurisdiction of the legal entity, were as follows:
 Year Ended December 31,
 202520242023
Components of pre-tax loss:   
Domestic$(373,099)$(363,329)$(542,089)
Foreign133,865 95,888 84,196 
 $(239,234)$(267,441)$(457,893)
Schedule of Provision for Income Tax Relating to Continuing Operations
The provision for income taxes relating to continuing operations consists of the following:
 Year Ended December 31,
 202520242023
Current portion:   
Federal$539 $6,804 $115 
State and Local2,995 1,746 1,024 
Non U.S.7,588 (2,641)13,430 
Total current11,122 5,909 14,569 
Deferred portion:  
Federal3,405 1,746 (1,315)
State and Local(953)(722)18,332 
Non U.S.2,682 (2,826)2,059 
Total deferred5,134 (1,802)19,076 
Total provision for income taxes$16,256 $4,107 $33,645 
Schedule of Statutory Federal Income Tax Rate
The provision for income taxes relating to continuing operations differs from amounts computed at the statutory federal income tax rate for the year ended December 31, 2025 as follows (in thousands, except percentages):
 Year Ended December 31, 2025
 
U.S. federal statutory tax rate$(50,239)21.0%
State and local income tax, net of federal (national) income tax effect(1)
1,859(0.8)%
Foreign tax effects  
United Kingdom7,180(3.0)%
Uruguay  
Free trade zone incentives(12,326)5.2%
Other2,148(0.9)%
Other foreign jurisdictions(9,551)4.0%
Effect of cross-border tax laws  
Branch income or loss7,111(3.0)%
Global intangible low-tax income12,929(5.4)%
Subpart F income inclusion10,209(4.3)%
Dividend received deduction(5,611)2.3%
Other943(0.4)%
Tax credits  
Research tax credit(10,794)4.5%
Changes in valuation allowances73,071(30.5)%
Changes in unrecognized tax benefits(4,674)2.0%
Other adjustments(5,999)2.5%
Effective tax rate$16,256(6.8)%
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(1)Florida, Massachusetts, Oklahoma, and Illinois represent the majority (greater than 50%) of the tax effect in this category.
The provision for income taxes relating to continuing operations differs from amounts computed at the statutory federal income tax rate for the years ended December 31, 2024 and 2023 is as follows:
 Year Ended December 31,
 20242023
Income tax provision at statutory federal income tax rate$(56,163)$(96,157)
State income taxes, net of federal benefit(4,736)(6,465)
Impact of non U.S. taxing jurisdictions, net(6,783)(4,823)
Base erosion and anti-abuse tax5,310 9,818 
Employee stock based compensation8,178 8,965 
Research tax credit(11,261)(31,296)
Valuation Allowance70,487 154,392 
Other, net(925)(789)
Total (benefit) provision for income taxes$4,107 $33,645 
Schedule of Cash Paid For Income Taxes, Net of Refunds Received
Cash paid for income taxes, net of refunds received, by jurisdiction for the year ended December 31, 2025 is as follows (in thousands):
 Year Ended December 31, 2025
Federal$5,200 
State5,029 
Foreign
India2,075 
Other Foreign Jurisdictions2,602 
Cash paid for income taxes, net of refunds received$14,906 
Schedule of Deferred Tax Assets and Liabilities
The components of our deferred tax assets and liabilities are as follows:
 As of December 31,
 20252024
Deferred tax assets:  
Interest expense carryforwards$355,202 $251,985 
Software developed for internal use159,172 198,354 
Tax loss carryforwards140,844 188,202 
Tax credit carryforwards103,103 96,135 
Employee benefits other than pension22,393 31,874 
Deferred revenue19,509 27,320 
Lease liabilities13,057 14,803 
Suspended loss 14,723 14,737 
Pension obligations7,389 11,087 
Accrued expenses6,413 10,901 
Incentive consideration3,067 4,223 
Other1,751 1,324 
Total deferred tax assets846,623 850,945 
Deferred tax liabilities:
Intangible assets(67,193)(81,467)
Non U.S. operations(22,588)(24,982)
Right of use assets(12,033)(14,126)
Unrealized gains and losses(15,792)(16,016)
Investment in partnership(10,632)(10,345)
Bond discounts(10,346)(2,078)
Depreciation and amortization(3,388)(3,255)
Total deferred tax liabilities(141,972)(152,269)
Valuation allowance(1)
(737,391)(727,805)
Net deferred tax liability(2)
$(32,740)$(29,129)
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(1)The change in the valuation allowance includes movement for both continuing operations and discontinued operations.
(2)The deferred balances as of the year ended December 31, 2024 are inclusive of the discontinued operations net deferred tax liability of $7 million.
Schedule of Uncertain Tax Positions
A reconciliation of the beginning and ending amount of uncertain tax positions, excluding interest and penalties, is as follows:
 Year Ended December 31,
 202520242023
Balance at beginning of year$42,510 $52,850 $88,162 
Additions for tax positions taken in the current year1,444 4,022 6,275 
Additions for tax positions of prior years3,091 3,340 1,737 
Reductions for tax positions of prior years(3,128)(16,265)(19,900)
Reductions for tax positions of expired statute of limitations(3,227)(1,134)(18,485)
Settlements(358)(303)(4,939)
Balance at end of year$40,332 $42,510 $52,850 
Summary of Income Tax Examinations The following table summarizes, by major tax jurisdiction, our tax years that remain subject to examination by taxing authorities:
Tax JurisdictionYears Subject to Examination
United Kingdom2023 - forward
Singapore2021 - forward
India2003 - forward
U.S. Federal2020 - forward
Texas2016 - forward