v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net (loss) $ (13,315) $ (3,256)
Reconciliation of net (loss) to net cash provided by operating activities:    
Depreciation expense 3,532 3,950
Amortization expense - intangible assets 1,301 1,413
Allowance for credit losses on receivables/bad debt on receivables 682 (677)
Equity in loss of unconsolidated affiliates 127 523
Agent growth incentive stock-based compensation expense 17,734 18,157
Stock option compensation 3,454 3,975
Agent equity stock-based compensation expense 47,559 56,456
Deferred income taxes, net (1,783) 2,337
Changes in operating assets and liabilities:    
Accounts receivable (58,033) (48,871)
Prepaids and other assets (2,138) 1,841
Customer deposits 34,344 41,946
Accounts payable 808 2,741
Accrued expenses 58,694 35,243
Litigation contingency (17,000) 16,000
Other operating activities (40) 23
NET CASH PROVIDED BY OPERATING ACTIVITIES 75,926 131,801
INVESTING ACTIVITIES    
Purchases of property and equipment (5,351) (2,772)
Purchase of business   (3,150)
Investments in unconsolidated affiliates (11,673) (3,938)
Capitalized software development costs in intangible assets (183) (509)
NET CASH USED IN INVESTING ACTIVITIES (17,207) (10,369)
FINANCING ACTIVITIES    
Repurchase of common stock (29,869) (81,266)
Proceeds from exercise of options 376 1,052
Transactions with noncontrolling interests   (1,169)
Dividends declared and paid (15,273) (15,075)
NET CASH USED IN FINANCING ACTIVITIES (44,766) (96,458)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash 2,393 (1,346)
Net change in cash, cash equivalents and restricted cash 16,346 23,628
Cash, cash equivalents and restricted cash, beginning balance 168,588 169,893
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 184,934 193,521
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for income taxes 2,014 $ 1,542
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment purchases in accounts payable $ 161