v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2026
Jun. 30, 2025
Sep. 30, 2025
Cash flows from operating activities:              
Net (loss) income $ (23,689) $ 43,629 $ 15,387 $ (3,472) $ (1,894) $ 2,999  
Adjustments to reconcile net (loss) income to net cash flows from operating activities:              
Depreciation and amortization 11,654   15,836   35,858 56,571  
Stock-based compensation expense         14,597 19,838  
Deferred tax expense         1,765 15,852  
Gain on sale of assets, net         (883) (10,062)  
Gain on divestitures, net (234)   (57,103)   (109,498) (55,031)  
Loss on debt extinguishment 0   0   16,343 0  
Equity and other investment losses         13,597 0  
Changes in working capital items         (46,142) (50,559)  
Decrease in other non-current assets         15,745 12,881  
Decrease in other non-current liabilities         (12,568) (15,512)  
Other operating activities, net         3,533 (10,858)  
Net cash used in operating activities         (69,547) (33,881)  
Cash flows from investing activities:              
Capital expenditures         (13,323) (26,390)  
Acquisitions, net of cash acquired         (524) (57,842)  
Proceeds from sale of assets         10,061 14,927  
Proceeds from sale of investments         28,000 0  
Proceeds from divestitures         243,647 230,053  
Investments and advances         0 (7,436)  
Other investing activities, net         (420) (63)  
Net cash provided by investing activities         267,441 153,249  
Cash flows from financing activities:              
Proceeds from long-term debt         1,074,254 928,355  
Payments on long-term debt         (1,220,679) (998,647)  
Purchases of treasury stock         (5,777) (12,122)  
Dividends         (25,561) (24,740)  
Proceeds from net investment hedges         0 14,990  
Payments on net investment hedges         0 (37,092)  
Acquisition holdback and deferred purchase price payments         (225) (10,184)  
Payment of debt redemption premium         (12,939) 0  
Payment of debt issuance costs         (1,576) 0  
Net cash used in financing activities         (192,503) (139,440)  
Effect of exchange rate changes on cash         (222) (361)  
Net change in cash and cash equivalents including balances classified as assets held-for-sale         5,169 (20,433)  
Cash and cash equivalents at beginning of year   $ 32,433   $ 40,816 32,433 40,816 $ 40,816
Cash and cash equivalents at end of period $ 37,602   $ 20,383   $ 37,602 $ 20,383 $ 32,433