v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net (loss) earnings $ (8,978) $ 15,106
Adjustments to reconcile net (loss) earnings to net cash (used in) provided by operating activities:    
Depreciation 14,694 9,948
Provision for credit losses 10,338 11,314
Stock-based compensation expense 2,752 (2,287)
Non-cash lease expense (including impairment of right-of-use assets) 1,921 1,786
Deferred income taxes 482 2,717
Gain on extinguishment of debt (2,739) 0
Other adjustments, net 444 (451)
Changes in assets and liabilities:    
Accounts receivable (14,790) (14,773)
Other assets 851 2,469
Accounts payable and other liabilities (16,285) (20,390)
Income taxes payable and receivable (2,047) 1,417
Operating lease liabilities (3,461) (3,270)
Deferred revenue (1,085) (6,699)
Net cash used in operating activities (17,903) (3,113)
Cash flows from investing activities:    
Capital expenditures (15,725) (12,574)
Proceeds from sales of fixed assets 32 75
Net cash used in investing activities (15,693) (12,499)
Cash flows from financing activities:    
Repurchases of debt (23,744) 0
Withholding taxes paid on behalf of employees on net settled stock-based awards (1,798) (4,542)
Purchases of treasury stock 0 (9,801)
Net cash used in financing activities (25,542) (14,343)
Total cash used (59,138) (29,955)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 17 (26)
Net decrease in cash and cash equivalents and restricted cash (59,121) (29,981)
Cash and cash equivalents and restricted cash at beginning of period 303,701 416,545
Cash and cash equivalents and restricted cash at end of period $ 244,580 $ 386,564