v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 138,169 $ 89,507
Deferred income taxes 10,931 15,782
Depreciation and amortization 169,698 157,479
Accretion of seller loan discount 2,585 0
Stock-based compensation (net of amounts capitalized) 48,972 43,992
Amortization of deferred financing fees 2,087 2,080
Gain (loss) on equity method investments, net (101,626) 2,242
All other items, net 545 616
Accounts receivable (817) 4,813
Inventory 11,297 5,342
Prepaid expenses and other current assets (12,271) 2,940
Other assets 4,888 5,172
Accounts payable (9,707) (6,038)
Accrued expenses and other current liabilities 20,513 (14,035)
Deferred revenue (1,083) (14,345)
Other long-term liabilities (2,475) (4,069)
Net cash provided by operating activities 281,706 291,478
Cash flows from investing activities:    
Capital expenditures (79,238) (66,791)
Net cash used in investing activities (259,039) (66,791)
Cash flows from financing activities:    
Payments on the Term Loan (3,281) (33,024)
Proceeds from Lines of Credit 100,000 50,000
Repurchases of common stock 0 (186,505)
Proceeds from exercise of stock options 772 1,066
Tax payment upon settlement of stock awards 18,831 17,100
Payments of Ordinary Dividends, Common Stock (48,962) (46,865)
Net cash used in financing activities (20,302) (232,428)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (1,013) 2,748
Net increase (decrease) in cash and cash equivalents, and restricted cash 1,352 (4,993)
Cash, cash equivalents, and restricted cash, beginning of period 96,501 93,526
Cash, cash equivalents, and restricted cash, end of period 97,853 88,533
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 65,117 68,199
Income taxes paid, net 6,553 5,479
Supplemental disclosure of non-cash investing activities:    
Property and equipment received but not paid 8,737 9,118
Dividends accrued on common stock 3,921 3,170
Capitalized stock-based compensation 3,131 4,258
Payments to Acquire Equity Method Investments 179,801 0
Repayments of Unsecured Debt $ 50,000 $ 0