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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 19,328 $ 11,119
Adjustments to reconcile net income to net cash provided by operating activities    
Bad debt expense 2,409 1,499
Depreciation and amortization expense 31,999 27,084
Amortization of debt issuance costs 217 217
Non-cash lease expense 4,199 3,905
Deferred taxes 1,586 298
Stock-based compensation expense 49,774 51,349
Interest expense, net 348 255
Loss on disposal of fixed assets   89
Other 804 (419)
Changes in operating assets and liabilities, net of effects of business combinations    
Trade receivables 3,016 40,951
Prepaid expenses and other assets (7,149) (32,762)
Trade payables (1,638) 638
Accrued expenses and other liabilities (24,480) (16,947)
Net cash provided by operating activities 80,413 87,276
Investing activities:    
Purchase of property, plant and equipment (21,056) (15,813)
Acquisition of businesses, net of cash acquired   (82,578)
Proceeds from maturity of short-term investments   12,684
Other investing activities   (1,000)
Net cash used in investing activities (21,056) (86,707)
Financing activities:    
Proceeds from common stock issued upon exercise of stock options 1,266 370
Proceeds from common stock issued under employee purchase plan 1,031 1,577
Finance lease payments (3,179) (1,379)
Shares repurchased under authorized repurchase programs (100,195) (82,240)
Payment of excise tax on shares repurchased (884) (668)
Shares repurchased for settlement of employee tax withholdings (5,462) (3,704)
Net cash used in financing activities (107,423) (86,044)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (821) 4,547
Net decrease in cash, cash equivalents, and restricted cash (48,887) (80,928)
Cash, cash equivalents, and restricted cash - Beginning of period 260,034 293,741
Cash, cash equivalents, and restricted cash - End of period 211,147 212,813
Supplemental cash flow information:    
Cash paid for interest 573 500
Noncash investing and financing transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities, net of impairments and tenant improvement allowances 245 2,168
Acquisition of equipment under finance lease 19,847 13,805
Capital assets financed by accounts payable and accrued expenses 66 249
Stock-based compensation included in capitalized software development costs 2,785 1,783
Accrued excise tax on net share repurchases $ 715 $ 575