v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 6,533 $ 10,169
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56,177 45,694
Amortization of cloud computing implementation costs 2,395 2,024
Provision for subscription cancellations and non-renewals 629 (136)
Amortization of deferred financing costs 1,361 1,361
Change in fair value of contingent consideration liabilities (5,838) (12,200)
Stock-based compensation expense 32,270 33,034
Deferred income taxes 6,051 (1,641)
Non-cash operating lease costs 2,226 1,595
Other 15 (71)
Changes in operating assets and liabilities, net of the effects of business acquisition(s):    
Accounts receivable 29,887 22,320
Prepaid expenses and other current assets (44,994) (13,406)
Deferred commissions 2,741 (258)
Accounts payable (288) (5,886)
Accrued expenses (9,185) 6,446
Accrued and deferred compensation (11,333) (29,766)
Deferred revenue (812) 2,374
Operating lease liabilities (2,827) (2,057)
Payments for purchase commitment and contingent consideration liabilities in excess of initial fair value   (200)
Other 3,863 1,412
Net cash provided by operating activities 68,871 60,808
Cash flows from investing activities:    
Acquisition of businesses and assets, net of cash acquired (21,968)  
Long-term investment   (15,000)
Property and equipment additions (47,831) (42,906)
Capitalized software additions (10,648) (10,565)
Purchase of investment securities, available-for-sale   (2,398)
Proceeds from sales and maturities of investment securities, available-for-sale   11,607
Net cash used in investing activities (80,447) (59,262)
Cash flows from financing activities:    
Net increase (decrease) in customer funds obligations 2,838 (3,493)
Repurchases of shares (46,602)  
Proceeds from purchases of stock under ESPP 1,807 1,782
Payments for taxes related to net share settlement of stock-based awards (7,936) (26,105)
Proceeds from exercise of stock options 441 7,687
Payments for acquisition contingent cash earn-out (19,600)  
Payments of finance lease liabilities (39) (28)
Net cash used in financing activities (69,091) (20,157)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (642) 3,307
Net decrease in cash, cash equivalents and restricted cash (81,309) (15,304)
Cash, cash equivalents and restricted cash, beginning of period 338,295 326,066
Cash, cash equivalents and restricted cash, end of period $ 256,986 $ 310,762