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 $ 18,954 $ 117,753
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 83,978 85,179
Amortization of deferred financing costs and discounts 1,669 2,856
Loss on extinguishment of debt 0 69
Share-based proceeds from legal settlement (7,865) 0
Unrealized loss on remeasurement of share-based proceeds 3,447 0
Credit loss expense 13,836 18,377
Deferred income taxes (246) 4,706
Stock-based compensation 7,868 18,696
Uncertain tax position reserve release (4,008) (1,682)
Goodwill impairment 64,037 0
Impairment of intangible assets 40,354 0
Other 1,700 2,097
Changes in operating assets and liabilities:    
Accounts receivable 28,088 (39,635)
Unbilled receivables (52,256) (10,441)
Inventory (15,274) 3,762
Prepaid expenses and other assets 8,060 (5,144)
Deferred revenue 2,128 (498)
Accounts payable and other current liabilities 8,958 28,285
Other liabilities 8,347 (8,552)
Net cash provided by operating activities 211,775 215,828
Cash Flows from Investing Activities:    
Purchases of installation and service parts and property and equipment (80,165) (84,868)
Cash proceeds from the sale of assets 507 215
Net cash used in investing activities (79,658) (84,653)
Cash Flows from Financing Activities:    
Borrowings on Amended Revolver 133,500 0
Repayment on Amended Revolver (133,500) 0
Repayment of term loan debt (5,166) (6,764)
Equipment financing arrangements 2,923 0
Repayment of equipment financing arrangements (942) 0
Payment of debt issuance costs (718) (449)
Share repurchases and retirement (51,567) 0
Proceeds from the exercise of stock options 336 1,054
Payment of employee tax withholding related to RSUs and PSUs vesting (5,532) (7,161)
Net cash used in financing activities (60,666) (13,320)
Effect of exchange rate changes on cash and cash equivalents 347 1,290
Net increase in cash, cash equivalents and restricted cash 71,798 119,145
Cash, cash equivalents and restricted cash - beginning of period 68,318 81,154
Cash, cash equivalents and restricted cash - end of period 140,116 200,299
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets    
Cash and cash equivalents 136,972 196,096
Restricted cash 3,144 4,203
Total cash, cash equivalents, and restricted cash 140,116 200,299
Supplemental cash flow information:    
Interest paid 40,162 44,508
Income taxes paid, net of refunds 26,903 32,493
Supplemental non-cash information:    
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end 16,910 11,241
Accrued customer consideration in prepaid expenses and other current assets and other non-current assets at period-end 20,000 0
Property and equipment acquired through vendor financing $ 6,422 $ 0