v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest $ (4,252) $ 13,804
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]    
Stock-based compensation 61,735 44,143
Depreciation and amortization 136,395 127,635
Operating Lease, Right-of-Use Asset, Amortization Expense 47,471 51,208
Gain (Loss) on Termination of Lease (2,226) (3,063)
Deferred income taxes 476 3,216
Adjustment To Deferred Acquisition Consideration 26,766 (9,911)
Other, net 2,280 1,319
Changes in working capital:    
Accounts receivable (51,575) (3,477)
Expenditures billable to clients 20,723 26,266
Other current assets (22,408) (53,377)
Accounts payable (50,059) (57,306)
Accrued expenses and other liabilities 5,297 (117,118)
Advance billings 35,360 67,964
Increase (Decrease) in Operating Lease Liability (52,254) (59,414)
Deferred acquisition related payments (1,450) (1,176)
Net Cash Provided by (Used in) Operating Activities, Total 152,279 30,713
Cash flows from investing activities:    
Capitalized software (75,855) (45,315)
Capital expenditures (27,405) (26,338)
Acquisitions, net of cash acquired (6,347) (6,179)
Other (4,303) (2,927)
Net Cash Provided by (Used in) Investing Activities, Total (113,910) (80,759)
Cash flows from financing activities:    
Repayment of borrowings under revolving credit facility (1,533,426) (1,412,000)
Proceeds from borrowings under revolving credit facility 1,619,780 1,586,326
Shares repurchased and cancelled (90,716) (105,183)
Distributions to noncontrolling interests and RNCI (3,903) (5,018)
Payment of deferred consideration (337) (16,103)
Proceeds from (Payments to) Noncontrolling Interests 450 0
Tax Receivables Agreement payment (2,554) 0
Payments of Financing Costs 0 (3,795)
Net Cash Provided by (Used in) Financing Activities, Total (11,606) 44,227
Effect of exchange rate changes on cash and cash equivalents 897 6,718
Net increase in cash and cash equivalents 27,660 899
Cash and cash equivalents at beginning of period 104,537 131,339
Cash and cash equivalents at end of period 132,197 132,238
Supplemental Cash Flow Information:    
Cash income taxes paid 17,245 18,291
Cash interest paid 84,516 86,302
Non-cash investing and financing activities:    
Non-cash payment on deferred acquisition 483 0
Shares issued for business acquisitions 7,625 15,300
Right-of-use assets obtained in exchange for new operating lease liabilities 13,163 33,322
Addition to deferred tax asset related to exchange of Paired Units 0 203,418
Addition to Tax Receivables Agreement liability related to exchange of Paired Units 0 200,274
Conversion of Class C to Class A shares $ 0 $ 447,562