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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 474 $ 6,002
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, excluding amortization of deferred recertification and dry dock costs 67,198 71,896
Amortization of deferred recertification and dry dock costs 20,673 17,928
Deferred recertification and dry dock costs (33,931) (20,330)
Payment of earnout consideration   (58,300)
Amortization of debt discount 117 107
Amortization of debt issuance costs 1,015 1,110
Share-based compensation 3,306 3,689
Deferred income taxes 931 9,613
Loss on disposition of assets, net   150
Losses related to convertible senior notes   20,922
Unrealized foreign currency (gain) loss (1,333) 2,114
Changes in operating assets and liabilities:    
Accounts receivable, net (62,426) (5,621)
Other current assets (143) 19,020
Income tax receivable, net of income tax payable (26,729) (2,164)
Accounts payable and accrued liabilities 26,618 (16,850)
Other, net 3,539 3,034
Net cash provided by (used in) operating activities (691) 52,320
Cash flows from investing activities:    
Capital expenditures (8,958) (7,594)
Proceeds from insurance recoveries   363
Net cash used in investing activities (8,958) (7,231)
Cash flows from financing activities:    
Payments related to convertible senior notes   (60,720)
Repayment of MARAD Debt (4,537) (4,322)
Proceeds from settlement of capped calls   4,381
Debt issuance costs   (1,091)
Repurchases of common stock (30,214) (10,189)
Payments related to tax withholding for share-based compensation (7,266) (4,003)
Proceeds from issuance of ESPP shares 1,237 1,118
Payment of earnout consideration   (26,700)
Net cash used in financing activities (40,780) (101,526)
Effect of exchange rate changes on cash and cash equivalents 2,142 (688)
Net decrease in cash and cash equivalents (48,287) (57,125)
Cash and cash equivalents:    
Balance, beginning of year 368,030 332,191
Balance, end of period $ 319,743 $ 275,066