v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (136,931) $ 17,276
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 31,621 30,175
Foreign currency gain (losses) on foreign denominated debt 57,141 (15,128)
Equity-based compensation 8,311 13,148
Debt extinguishment 5,474 0
Deferred income taxes – net 26,118 8,725
Uncertain tax positions (618) (1,854)
Non-cash fair value adjustment for swaps 0 1,459
Amortization of debt issuance costs 4,318 1,283
Non-cash operating lease costs 6,286 6,049
Other 6,233 1,494
Changes in assets and liabilities:    
Accounts receivable (6,610) 14,391
Accounts payable 5,165 (5,440)
Accrued expenses (3,142) 3,400
Insurance recovery receivable 7,381 2,124
Litigation reserves 3,008 2,699
Lease liabilities, non-current (7,257) (6,118)
Income taxes receivable/payable (1,165) (3,965)
Interest payable 9,616 (2)
Deferred revenue 6,842 (3,058)
Other 139 1,313
Net cash provided by operating activities 21,930 67,971
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (31,817) (29,833)
Acquisition of a business, net of cash acquired 0 (14,906)
Net cash used in investing activities (31,817) (44,739)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt 1,040,872 0
Debt refinancing costs (39,196) (2,205)
Prepayment of debt (1,024,278) (35,200)
Proceeds from common stock issuance 1,303 5,256
Cash paid for settlement of employee taxes related to equity-based awards 0 (2,625)
Net cash used in financing activities (21,299) (34,774)
Effects of exchange rates fluctuations 20,262 (3,076)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (10,924) (14,618)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of period 125,304 140,850
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of period $ 114,380 $ 126,232