v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) $ (230,690) $ 78,552 $ (155,947) $ 171,376  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Goodwill impairment 290,000 0 296,275 0  
Depreciation and amortization 25,200 24,000 73,027 68,655  
Stock-based compensation expense     22,273 22,512  
Long-lived asset impairment and other non-cash items     22,091 5,190  
Deferred income taxes     7,362 8,491  
Changes in assets and liabilities:          
Accounts receivable     49,102 38,526  
Prepaid expenses and other current assets     (1,081) (9,327)  
Accounts payable and accrued expenses     35,186 (18,161)  
Income taxes     (10,000) (3,479)  
Deferred revenue     (101,684) (65,171)  
Leases     (16,694) (8,288)  
Other assets     (11,195) (14,459)  
Other current and long-term liabilities     (640) 6,927  
Net cash provided by operating activities     208,075 202,792  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of fixed assets — net     (69,441) (58,907)  
Proceeds from debt securities and other investments     15,066 10,287  
Purchases of debt securities and other investments     (17,425) (9,760)  
Payments and settlements for acquisitions — net of cash acquired     0 (5,106)  
Net cash used in investing activities     (71,800) (63,486)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Borrowings under revolving credit facility     488,463 469,602  
Payments under revolving credit facility     (442,457) (320)  
Borrowings of long-term debt — net of issuance costs     373,610 0  
Principal payments of long-term debt     (2,344) (501,000)  
Payments of revolving credit facility debt issuance costs     (371) (3,046)  
Purchase of treasury stock     (559,578) (104,671)  
Proceeds from issuance of common stock upon exercise of options     0 11,826  
Taxes paid related to the net share settlement of equity awards     (8,214) (15,229)  
Net cash used in financing activities     (150,891) (142,838)  
Effect of exchange rates on cash, cash equivalents and restricted cash     (1,537) 5,786  
Net (decrease) increase in cash, cash equivalents and restricted cash     (16,153) 2,254  
Cash, cash equivalents and restricted cash — beginning of period     143,158 123,715 $ 123,715
Cash, cash equivalents and restricted cash — end of period 127,005 125,969 127,005 125,969 143,158
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:          
Cash and cash equivalents 119,230 116,604 119,230 116,604 140,091
Restricted cash, included in prepaid expenses and other current assets 5,221 6,838 5,221 6,838  
Restricted cash, included in other assets 2,554 2,527 2,554 2,527  
Total cash, cash equivalents and restricted cash — end of period $ 127,005 $ 125,969 127,005 125,969 $ 143,158
SUPPLEMENTAL CASH FLOW INFORMATION:          
Cash payments of interest     47,059 42,699  
Cash received from cash flow hedges of interest rate risk     2,391 11,772  
Cash payments of income taxes (net of refunds in 2026)     72,960    
Cash payments of income taxes (net of refunds in 2026)       58,171  
Cash paid for amounts included in the measurement of lease liabilities     126,686 119,757  
NON-CASH TRANSACTIONS:          
Fixed asset purchases recorded in accounts payable and accrued expenses     1,646 1,738  
Operating right-of-use assets obtained in exchange for operating lease liabilities — net     18,153 41,845  
Treasury stock purchases in other current liabilities     0 1,351  
Restricted stock reclassified from other current liabilities to equity upon vesting     $ 0 $ 2,401