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 $ 89,717 $ 31,565
Adjustments to reconcile net income to net cash from operating activities:    
Amortization of deferred implementation, solution and other costs 22,548 21,983
Depreciation and amortization 36,274 40,888
Amortization of debt issuance costs 768 1,628
Amortization of premiums and discounts on investments (20) (934)
Stock-based compensation expense 60,806 66,767
Deferred income taxes (1,284) (897)
Lease restructuring and impairments 706 103
Other non-cash items (886) 536
Changes in operating assets and liabilities:    
Accounts receivable, net (42,635) (27,965)
Prepaid expenses and other current assets 8,014 4,485
Deferred solution and other costs (11,171) (12,098)
Deferred implementation costs (18,467) (14,013)
Contract assets, net (2,116) (1,225)
Other long-term assets 2,233 4,340
Accounts payable 4,017 (1,409)
Accrued liabilities (3,637) (2,141)
Deferred revenues 43,338 33,944
Deferred rent and other long-term liabilities (6,549) (7,792)
Net cash provided by operating activities 181,656 137,765
Cash flows from investing activities:    
Purchases of investments (226) (91,503)
Maturities of investments 58,743 84,150
Purchases of property and equipment (10,366) (4,812)
Capitalized software development costs (21,119) (16,175)
Net cash provided by (used in) investing activities 27,032 (28,340)
Cash flows from financing activities:    
Repurchases of common shares (158,881) 0
Payment for maturity of convertible notes (303,995) 0
Proceeds from exercise of stock options and ESPP 3,617 4,218
Net cash provided by (used in) financing activities (459,259) 4,218
Effect of exchange rate changes on cash, cash equivalents and restricted cash (674) 96
Net increase (decrease) in cash, cash equivalents and restricted cash (251,245) 113,739
Cash, cash equivalents and restricted cash, beginning of period 369,303 360,793
Cash, cash equivalents and restricted cash, end of period 118,058 474,532
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment acquired and included in accounts payable and accrued liabilities 805 542
Stock-based compensation for capitalized software development $ 1,425 $ 1,515