v3.26.3
Divestitures (Tables)
 9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets Held for Sale
The table below details the major classes of assets and liabilities classified as discontinued operations, which are summarized separately in the Condensed Consolidated Balance Sheets (in thousands):
September 30, 2026December 31, 2025
Cash and cash equivalents$— $33,234 
Accounts receivable, net of allowances — 43,775 
Prepaid expenses and other current assets— 14,208 
Total current assets— 91,217 
Property and equipment, net— 51,049 
Intangible assets, net— 6,034 
Goodwill— 260,573 
Deferred income taxes, noncurrent— 179 
Other assets— 4,942 
Total assets $— $413,994 
Accounts payable and accrued expenses$— $12,516 
Income taxes payable, current— 2,164 
Deferred revenue, current— 60,292 
Other current liabilities— 1,244 
Total current liabilities— 76,216 
Deferred revenue, noncurrent— 12,430 
Deferred income taxes, noncurrent— 296 
Other noncurrent liabilities— 3,815 
Total liabilities $— $92,757 
The table below details the major classes of line items constituting net income from discontinued operations, net of income taxes (in thousands):
Three months ended September 30,Nine months ended September 30,
2026202520262025
Total revenues$— $57,179 $110,432 $170,405 
Operating costs and expenses:
Direct costs— 9,143 16,932 24,261 
Sales and marketing — 15,527 28,528 45,350 
Research, development, and engineering— 2,083 4,481 6,320 
General, administrative, and other related costs— 6,293 26,932 15,316 
Depreciation and amortization— 7,116 4,905 21,767 
Total operating costs and expenses— 40,162 81,778 113,014 
Operating income— 17,017 28,654 57,391 
Interest income, net— 45 117 169 
Gain on sale of business— — 860,597 — 
Other income (loss), net— 38 999 (4,674)
Income from discontinued operations before income taxes— 17,100 890,367 52,886 
Income tax expense— (4,741)(190,717)(14,065)
Net income from discontinued operations, net of tax$— $12,359 $699,650 $38,821 
The table below details the key components of cash flows from discontinued operations (in thousands):
Three months ended September 30,Nine months ended September 30,
2026202520262025
Depreciation and amortization $— $7,116 $4,905 $21,767 
Capital expenditures$— $7,799 $14,398 $20,176 
Share-based compensation$— $885 $3,829 $2,434 
Deferred income tax expense (benefit) $— $2,674 $(19,126)$2,964