v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) attributable to common stockholders $ 12,360 $ (47,966)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,991 3,477
Impairment charge   23,673
Loss on lease abandonment 0 25,191
Deferred income taxes 240 (1,467)
Non-cash interest 423 176
Amortization of syndication contracts 99 110
Payments on syndication contracts (67) (109)
Non-cash stock-based compensation 3,252 2,613
(Gain) loss on marketable securities (8) (1)
(Gain) loss on disposal of property and equipment 87 4
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (32,682) (10,460)
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets (4,476) (9,529)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 39,565 (956)
Net cash provided by (used in) operating activities 21,784 (15,244)
Cash flows from investing activities:    
Purchases of property and equipment (3,637) (2,643)
Purchases of marketable securities (2) (218)
Proceeds from sale of marketable securities 760 386
Net cash provided by (used in) investing activities (2,879) (2,475)
Cash flows from financing activities:    
Tax payments related to shares withheld for share-based compensation plans (538)  
Payments on debt (5,000)  
Dividends paid (4,602) (4,549)
Principal payments under finance lease obligation (31) (33)
Net cash provided by (used in) financing activities (10,171) (4,582)
Net increase (decrease) in cash, cash equivalents and restricted cash 8,734 (22,301)
Cash, cash equivalents and restricted cash:    
Beginning 60,236 96,700
Ending 68,970 74,399
Cash payments (refunds) for:    
Interest 2,892 3,487
Income taxes (1,109) 179
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures financed through accounts payable, accrued expenses and other liabilities 1,003 837
Dividends equivalents payable $ 3,562 $ 1,802