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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 3,072 $ (26,287)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization, excluding amortization of deferred recertification and dry dock costs 33,248 36,656
Amortization of deferred recertification and dry dock costs 9,234 9,697
Deferred recertification and dry dock costs (17,855) (9,594)
Amortization of debt discount 57 53
Amortization of debt issuance costs 502 570
Share-based compensation 1,651 1,711
Deferred income taxes (400) (574)
Loss on disposition of assets, net   150
Losses related to convertible senior notes   20,922
Unrealized foreign currency (gain) loss (572) 2,117
Changes in operating assets and liabilities:    
Accounts receivable, net (1,116) 59,059
Other current assets (16,835) 23,196
Income tax receivable, net of income tax payable (2,702) (2,510)
Accounts payable and accrued liabilities 4,518 (50,489)
Other, net 3,640 (193)
Net cash provided by operating activities 16,442 64,484
Cash flows from investing activities:    
Capital expenditures (4,488) (3,605)
Proceeds from insurance recoveries   363
Net cash used in investing activities (4,488) (3,242)
Cash flows from financing activities:    
Payments related to convertible senior notes   (60,699)
Repayment of MARAD Debt (4,537) (4,322)
Proceeds from settlement of capped calls   4,381
Debt issuance costs   (984)
Repurchases of common stock   (4,177)
Payments related to tax withholding for share-based compensation (7,266) (4,003)
Proceeds from issuance of ESPP shares 728 500
Net cash used in financing activities (11,075) (69,304)
Effect of exchange rate changes on cash and cash equivalents 1,078 (280)
Net increase (decrease) in cash and cash equivalents 1,957 (8,342)
Cash and cash equivalents:    
Balance, beginning of year 368,030 332,191
Balance, end of period $ 369,987 $ 323,849