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 $ 53,951 $ 43,688
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 9,347 11,807
Bad debt expense 5,745 7,558
Compensation expense related to share-based awards 3,174 2,857
Changes in operating assets and liabilities (2,828) (783)
Net cash provided by operating activities 69,389 65,127
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (81,625) (100,367)
Sales of available-for-sale investments 76,304 103,286
Purchases of property and equipment (1,740) (1,737)
Net cash (used in) provided by investing activities (7,061) 1,182
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 502 978
Purchase of treasury stock (8,137) (25,192)
Payments of employee tax associated with stock compensation (10,250) (7,544)
Payments of cash dividends and dividend equivalents (10,278) (9,202)
Earnout payments for business acquisition   (1,757)
Principal payments for finance lease [1] (1,324) (1,207)
Principal payments for failed sale leaseback   (489)
Net cash used in financing activities (29,487) (44,413)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 32,841 21,896
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period 132,280 131,753
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period $ 165,121 $ 153,649
[1] Cash flows are presented on a consolidated basis and represent cash payments for fixed and variable lease costs.