v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income (loss) $ 31,624,000 $ 74,064,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,254,000 56,782,000
Amortization of debt issue costs and accretion of discount 2,559,000 2,246,000
Operating lease amortization 2,957,000 3,522,000
Deferred tax benefit (10,508,000) (10,726,000)
Share-based compensation 15,736,000 14,548,000
Loss on impairment of investment in equity investee 8,910,000 0
Earnings of equity investees (2,588,000) (2,944,000)
Loss (gain) on foreign currency remeasurement 4,424,000 (515,000)
Other, net 3,010,000 (1,398,000)
(Increase) decrease in assets:    
Accounts receivable, net (18,696,000) (15,616,000)
Prepaid expenses and other assets (2,562,000) (4,574,000)
Other long-term assets (2,872,000) 2,783,000
(Decrease) increase in liabilities:    
Accrued liabilities and accounts payable 2,805,000 (22,304,000)
Income tax payable (9,905,000) (3,531,000)
Contract liability (4,446,000) (6,862,000)
Operating lease liabilities (4,384,000) (3,788,000)
Other long-term liabilities (2,627,000) 4,441,000
Total adjustments 59,067,000 12,064,000
Net cash provided by operating activities 90,691,000 86,128,000
Cash flows from investing activities    
Additions to software and other intangible assets (36,580,000) (30,902,000)
Property and equipment acquired (11,256,000) (11,404,000)
Acquisition of available-for-sale debt securities (928,000) (561,000)
Payments for non-compete agreements (431,000) (662,000)
Proceeds from maturities of available-for-sale debt securities 0 1,000,000
Acquisitions, net of cash acquired (179,757,000) 0
Other investing activities, net 3,000 (151,000)
Net cash used in investing activities (228,949,000) (42,680,000)
Cash flows from financing activities    
Debt issuance costs (1,276,000) 0
Acquisition of redeemable non-controlling interests (23,098,000) (5,167,000)
Withholding taxes paid on share-based compensation (7,385,000) (8,918,000)
Proceeds from issuance of long term debt 184,538,000 0
Net increase in Revolving Facility 25,000,000 0
Dividends paid to noncontrolling interest holders (5,989,000) (1,249,000)
Dividends paid (6,119,000) (6,383,000)
Repurchase of common stock (67,049,000) (3,691,000)
Repayment of long-term debt (11,933,000) (11,933,000)
Settlement activity, net (2,498,000) 2,209,000
Other financing activities, net (6,429,000) (5,193,000)
Net cash provided by (used in) financing activities 77,762,000 (40,325,000)
Effect of foreign exchange rate on cash, cash equivalents and restricted cash 16,563,000 15,205,000
Net (decrease) increase in cash, cash equivalents, restricted cash and cash included in settlement assets (43,933,000) 18,328,000
Cash, cash equivalents, restricted cash and cash included in settlement assets at the beginning of the period 348,129,000 314,649,000
Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period $ 304,196,000 $ 332,977,000