v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 87,922 $ 49,551
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,563 21,378
Amortization of right-of-use asset 2,762 2,329
Stock-based compensation expense 19,270 17,353
Multiemployer pension plan liability adjustment 0 4,453
Change in long-term retirement benefit obligations (3,413) (2,472)
Other – net (719) 2,629
Changes in operating assets and liabilities:    
Accounts receivable – net 55,966 57,016
Other assets (735) 32,079
Accounts payable, accrued payroll and other liabilities (98,641) (92,257)
Unexpired subscriptions 8,201 6,623
Other noncurrent assets and liabilities 1,060 406
Net cash provided by operating activities 92,236 99,088
Cash flows from investing activities    
Purchases of marketable securities (129,210) (168,265)
Maturities of marketable securities 116,696 161,931
Capital expenditures (10,723) (9,237)
Other – net 559 7,231
Net cash used in investing activities (22,678) (8,340)
Cash flows from financing activities    
Dividends paid (30,387) (22,069)
Capital shares:    
Repurchases (56,348) (58,957)
Share-based compensation tax withholding (52,421) (26,243)
Net cash used in financing activities (139,156) (107,269)
Net decrease in cash, cash equivalents and restricted cash (69,598) (16,521)
Effect of exchange rate changes on cash (389) (178)
Cash, cash equivalents and restricted cash at the beginning of the period 270,461 213,857
Cash, cash equivalents and restricted cash at the end of the period $ 200,474 $ 197,158