v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net loss $ (1,384) $ (11,941)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 39,582 42,090
Loss on disposal of assets 292 221
Share-based compensation expense 21,316 18,672
Deferred income taxes (2,131) (7,948)
Amortization of operating lease right-of-use assets 3,905 3,900
Inventory write-down 0 5,393
Amortization of debt issuance costs 1,461 1,943
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables 25,863 10,898
Inventories (15,935) 11,160
Prepaid expenses (3,081) 3,750
Other current assets (4,526) 5,868
Investment in sales-type leases (1,367) (8,056)
Prepaid commissions 2,772 2,532
Other long-term assets 4,684 1,218
Accounts payable 10,689 4,751
Accrued compensation (8,603) (2,814)
Accrued liabilities (14,883) 9,247
Deferred revenues 15,103 22,085
Operating lease liabilities (5,831) (5,512)
Other long-term liabilities 753 1,196
Net cash provided by operating activities 68,679 108,653
Investing Activities    
External-use software development costs (8,709) (7,381)
Purchases of property and equipment (22,953) (18,508)
Net cash used in investing activities (31,662) (25,889)
Financing Activities    
Proceeds from issuances under stock-based compensation plans 8,266 8,141
Employees’ taxes paid related to restricted stock units (3,352) (1,291)
Stock repurchases (15,652) 0
Change in customer funds, net 3,307 (11,552)
Net cash used in financing activities (7,431) (4,702)
Effect of exchange rate changes on cash and cash equivalents 3,300 (802)
Net increase in cash, cash equivalents, and restricted cash 32,886 77,260
Cash, cash equivalents, and restricted cash at beginning of period 398,614 500,979
Cash, cash equivalents, and restricted cash at end of period 431,500 578,239
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 399,004 556,781
Restricted cash included in other current assets 32,496 21,458
Cash, cash equivalents, and restricted cash at end of period 431,500 578,239
Supplemental disclosure of non-cash investing activities    
Unpaid purchases of property and equipment $ 692 $ 656