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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 (loss) $ 809 $ (15,457)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 4,739 6,002
Non-cash lease expense 10,394 10,687
Credit loss expense 101 504
Stock-based compensation 13,396 12,402
Deferred taxes, net 1,740 (2,209)
Unrealized foreign exchange gains (losses) 185 (176)
Net realized gains on marketable debt securities, available-for-sale 0 (8)
Other non-cash items 681 2,099
Changes in operating assets and liabilities:    
Commissions receivable 1,107 2,440
Prepaid expenses (6,177) 1,574
Advances and loans 6,564 11,344
Other assets 676 (889)
Accounts payable and accrued expenses (409) (2,933)
Income tax receivable (1,390) (333)
Accrued bonuses and other employee related expenses (7,538) (9,507)
Deferred compensation and commissions (20,126) (35,418)
Operating lease liabilities (9,930) (10,133)
Other liabilities (215) (1,810)
Net cash used in operating activities (5,393) (31,821)
Cash flows from investing activities    
Purchases of marketable debt securities, available-for-sale (77,859) (197,928)
Proceeds from sales and maturities of marketable debt securities, available-for-sale 120,307 191,176
Issuances of employee notes receivable (50) (100)
Payments received on employee notes receivable 25 0
Purchase of property and equipment (3,919) (3,224)
Net cash provided by (used in) investing activities 38,504 (10,076)
Cash flows from financing activities    
Taxes paid related to net share settlement of stock-based awards (3,413) (4,976)
Proceeds from issuance of shares pursuant to employee stock purchase plan 540 441
Dividends paid (10,353) (10,577)
Principal payments on stock appreciation rights liability (2,518) (2,230)
Principal payments on contingent consideration (42) (1,118)
Cash paid for stock repurchases (25,492) (7,398)
Net cash used in financing activities (41,278) (25,858)
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash (238) 264
Net decrease in cash, cash equivalents, and restricted cash (8,405) (67,491)
Cash, cash equivalents, and restricted cash at beginning of period 161,921 153,445
Cash, cash equivalents, and restricted cash at end of period 153,516 85,954
Supplemental disclosures of cash flow information:    
Interest paid during the period 367 455
Income taxes paid, net 4,120 380
Supplemental disclosures of noncash investing and financing activities:    
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable 45 37
Unpaid purchases of property and equipment 561 415
Right-of-use assets obtained in exchange for operating lease liabilities 5,969 8,826
Issuance of stock for the settlement of deferred consideration 0 417
Dividend payable $ 384 $ 449