v3.26.1
Condensed Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 47,381 $ 59,486
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,955 40,315
Stock-based compensation expense 3,482 3,529
Deferred income taxes (553) 5,782
Remeasurement of contingent consideration reserves (2,622) (1,538)
Restructuring charges (8,072) (263)
Other 978 268
Changes in assets and liabilities, net of effect from acquisitions:    
Accounts receivable 52,122 13,779
Prepaids and other current assets (1,745) (4,453)
Accounts payable (16,121) (11,522)
Accrued compensation (12,650) (18,105)
Deferred revenue 15,135 31,216
Other assets and liabilities (7,845) 7,015
Net cash provided by operating activities 115,445 125,509
Cash flows from investing activities:    
Purchases of property and equipment (2,371) (1,509)
Capitalization of software development costs (31,060) (32,351)
Acquisitions, net of cash acquired 0 (11,653)
Other 357 (53)
Net cash used in investing activities (33,074) (45,566)
Cash flows from financing activities:    
Net transfers to Parent (60,235) (75,104)
Payment of contingent consideration (606) 0
Net cash used in financing activities (60,841) (75,104)
Effect of foreign exchange rate changes on cash and cash equivalents (2,093) 2,537
Net increase in cash and cash equivalents 19,437 7,376
Cash and cash equivalents at beginning of period 156,069 97,214
Cash and cash equivalents at end of period 175,506 104,590
Supplemental cash flow information:    
Income taxes paid, net of refunds $ 7,554 $ (229)