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 (loss) attributable to common stockholders $ 32,046 $ (51,303)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 6,575 6,504
Impairment charge 0 23,673
Loss on lease abandonment 0 25,191
Deferred income taxes (389) (6,879)
Non-cash interest 819 580
Amortization of syndication contracts 198 221
Payments on syndication contracts (138) (220)
Non-cash stock-based compensation 7,575 5,298
(Gain) loss on marketable securities (11) (4)
(Gain) loss on disposal of property and equipment (26) 6
(Gain) loss on debt extinguishment 0 38
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (37,413) (9,981)
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets (1,156) (1,348)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 37,474 808
Net cash provided by (used in) operating activities 45,554 (7,416)
Cash flows from investing activities:    
Proceeds from sale of assets 1,892 0
Purchases of property and equipment (6,958) (4,804)
Purchases of marketable securities 0 (965)
Proceeds from sale of marketable securities 1,167 947
Net cash provided by (used in) investing activities (3,899) (4,822)
Cash flows from financing activities:    
Tax payments related to shares withheld for share-based compensation plans (1,025) 0
Payments on debt (10,000) (10,000)
Dividends paid (9,213) (9,098)
Principal payments under finance lease obligation (59) (65)
Net cash provided by (used in) financing activities (20,297) (19,163)
Net increase (decrease) in cash, cash equivalents and restricted cash 21,358 (31,401)
Cash, cash equivalents and restricted cash:    
Beginning 60,236 96,700
Ending 81,594 65,299
Cash payments (refunds) for:    
Interest 5,642 7,120
Income taxes (2,329) 1,434
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures financed through accounts payable, accrued expenses and other liabilities 853 946
Dividends equivalents payable $ 3,792 $ 2,233