v3.26.3
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net earnings (loss) $ (238,307) $ 36,608
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:    
Depreciation 52,584 32,144
Provision for credit losses 30,134 37,273
Stock-based compensation expense 16,842 8,749
Non-cash lease expense (including impairment of right-of-use assets) 5,699 5,495
Deferred income taxes 2,364 16,894
Gain on extinguishment of debt (8,381) 0
Goodwill impairment 225,628 0
Impairment of intangibles 9,600 0
Other adjustments, net 943 (1,255)
Changes in assets and liabilities:    
Accounts receivable (31,438) (37,863)
Other assets 2,965 14,472
Accounts payable and other liabilities (22,486) (13,865)
Income taxes payable and receivable 1,815 (1,727)
Operating lease liabilities (11,871) (9,745)
Deferred revenue 1,761 (12,191)
Net cash provided by operating activities 37,852 74,989
Cash flows from investing activities:    
Capital expenditures (44,829) (40,872)
Proceeds from sales of fixed assets 75 75
Net cash used in investing activities (44,754) (40,797)
Cash flows from financing activities:    
Repurchases of debt (91,195) 0
Withholding taxes paid on behalf of employees on net settled stock-based awards (2,394) (6,907)
Purchases of treasury stock 0 (102,657)
Net cash used in financing activities (93,589) (109,564)
Total cash used (100,491) (75,372)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (707) (484)
Net decrease in cash and cash equivalents and restricted cash (101,198) (75,856)
Cash and cash equivalents and restricted cash at beginning of period 303,701 416,545
Cash and cash equivalents and restricted cash at end of period $ 202,503 $ 340,689