v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 20,331 $ 62,931
Noncash and nonoperating items 66,136 70,868
Amortization and provisions 52,040 60,485
Equity awards compensation expense 29,728 36,537
Loss (gain) on disposal of and impairment of long-lived assets (701) 1,392
Change in uncertain tax positions 522 (289)
Change in deferred taxes 5,300 12,435
Change in income taxes (21,607) (44,195)
Other 854 4,503
Changes in assets and liabilities: (17,961) (72,855)
Trade receivables 130,281 161,379
Trade payables (100,951) (203,241)
Other assets (15,329) 12,448
Other liabilities (32,401) (42,928)
Operating lease liabilities and right of use assets 439 (513)
Net cash provided by operating activities 68,506 60,944
Cash flows from investing activities    
Acquisition of intangible assets, property and equipment (91,088) (52,342)
Disposal of intangible assets, property and equipment 1,063 369
Purchases of investment securities (17,319) (17,398)
Maturities and sales of investment securities 11,673 27,646
Net cash used in investing activities (95,671) (41,725)
Cash flows from financing activities    
Proceeds from exercise of stock options 0 1,897
Repurchase of treasury stocks (61,322) (104,496)
Change in other financing activities (640) (544)
Net cash used in financing activities (61,962) (103,143)
Effect of exchange rates changes on cash and cash equivalents (891) (995)
Net decrease in cash and cash equivalents and restricted cash (90,018) (84,919)
Net cash and cash equivalents and restricted cash at the beginning of the period 342,359 290,943
Net cash and cash equivalents and restricted cash at the end of the period 252,341 206,024
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated statement of financial position    
Cash and Cash Equivalents 252,236 205,703
Restricted cash, included in other current assets 105 321
Total cash, cash equivalents, and restricted cash 252,341 206,024
Supplemental disclosures of cash flow information    
Cash paid for taxes, net of refunds (18,819) (48,241)
Cash paid for interest (994) (588)
Noncash investing and financing activities    
Intangible assets, property and equipment acquired through payables $ 10,729 $ 4,633