v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net income (loss) $ (5,098) $ (11,024)
Reconciliation of net income (loss) to net cash provided by operating activities:    
Depreciation expense 1,679 1,945
Amortization expense - intangible assets 643 616
Credit (benefit) losses on receivables/bad debt on receivables (151) 605
Equity in loss of unconsolidated affiliates 165 (80)
Deferred income taxes, net (1,675) (1,509)
Changes in operating assets and liabilities:    
Accounts receivable (14,023) (15,808)
Prepaids and other assets (575) (2,963)
Customer deposits 11,020 11,685
Accounts payable (1,083) (369)
Accrued expenses 1,512 25,828
Other operating activities (917) 184
NET CASH PROVIDED BY OPERATING ACTIVITIES 20,571 39,838
INVESTING ACTIVITIES    
Purchases of property and equipment (2,514) (2,553)
Investments in unconsolidated affiliates 60 (11,244)
Capitalized software development costs in intangible assets 365 (450)
NET CASH USED IN INVESTING ACTIVITIES (2,089) (14,247)
FINANCING ACTIVITIES    
Repurchase of common stock   (4,982)
Proceeds from exercise of options 21 300
Dividends declared and paid (7,970) (7,602)
NET CASH USED IN FINANCING ACTIVITIES (7,949) (12,284)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (1,637) 329
Net change in cash, cash equivalents and restricted cash 8,896 13,636
Cash, cash equivalents and restricted cash, beginning balance 181,463 168,588
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 190,359 182,224
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for income taxes 1,397 1,480
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:    
Property and equipment purchases in accounts payable 177 214
Agent Growth Incentive Program and Restricted Stock Units    
Reconciliation of net income (loss) to net cash provided by operating activities:    
Stock-based compensation 9,073 8,119
Other Incentive Programs    
Reconciliation of net income (loss) to net cash provided by operating activities:    
Stock-based compensation 1,446 1,853
Agent Equity Award Program    
Reconciliation of net income (loss) to net cash provided by operating activities:    
Stock-based compensation 18,555 20,756
Performance shares | Agent Growth Incentive Program    
Reconciliation of net income (loss) to net cash provided by operating activities:    
Stock-based compensation $ 9,073 $ 7,922