v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income (loss) $ 35,647 $ (1,384)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 37,404 39,582
Loss on disposal of assets 239 292
Share-based compensation expense 21,705 21,316
Deferred income taxes 10,917 (2,131)
Amortization of operating lease right-of-use assets 3,841 3,905
Amortization of debt issuance costs 995 1,461
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables (10,193) 25,863
Inventories 4,187 (15,935)
Prepaid expenses (2,102) (3,081)
Other current assets (5,100) (4,526)
Investment in sales-type leases 4,037 (1,367)
Prepaid commissions 468 2,772
Other long-term assets 1,845 4,684
Accounts payable 7,238 10,689
Accrued compensation 3,613 (8,603)
Accrued liabilities (234) (14,883)
Deferred revenues 13,098 15,103
Operating lease liabilities (5,966) (5,831)
Other long-term liabilities 1,175 753
Net cash provided by operating activities 122,814 68,679
Investing Activities    
External-use software development costs (7,023) (8,709)
Purchases of property and equipment (21,375) (22,953)
Net cash used in investing activities (28,398) (31,662)
Financing Activities    
Proceeds from issuances under stock-based compensation plans 7,859 8,266
Employees’ taxes paid related to restricted stock units (4,532) (3,352)
Excise tax paid on common stock repurchases (388) 0
Common stock repurchases 0 (15,652)
Change in customer funds, net (23,923) 3,307
Net cash used in financing activities (20,984) (7,431)
Effect of exchange rate changes on cash and cash equivalents (1,710) 3,300
Net increase in cash, cash equivalents, and restricted cash 71,722 32,886
Cash, cash equivalents, and restricted cash at beginning of period 251,032 398,614
Cash, cash equivalents, and restricted cash at end of period 322,754 431,500
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 292,165 399,004
Restricted cash included in other current assets 30,589 32,496
Cash, cash equivalents, and restricted cash at end of period 322,754 431,500
Supplemental disclosure of non-cash investing activities:    
Unpaid purchases of property and equipment $ 567 $ 692