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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 117,503 $ 29,551
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,490 34,038
Amortization of operating lease right-of-use assets 19,736 15,191
Loss on impairment of assets 0 1,620
Loss on sales and disposal of subsidiaries and property and equipment, net 2,870 5,698
Non-cash interest expense 722 842
Non-cash share-based compensation expense 4,296 3,100
Bad debt expense 28,907 16,180
Deferred income taxes (226) (6,867)
Unrealized foreign currency exchange (gain) loss (23,371) 61,264
Other, net (9,439) (8,828)
Changes in operating assets and liabilities:    
Receivables (58,935) (57,095)
Prepaid expenses and other assets (11,991) (11,068)
Accounts payable and accrued expenses (1,352) 4,954
Income tax receivable/payable, net (17,868) (1,742)
Deferred revenue and other liabilities (12,959) (8,049)
Net cash provided by operating activities 73,383 78,789
Cash flows from investing activities    
Purchase of property and equipment (26,617) (14,851)
Receipts from sales of property and equipment 3,262 116
Net receipts from sales of discontinued operations 771 250
Net cash used in investing activities (22,584) (14,485)
Cash flows from financing activities    
Proceeds from issuance of long-term debt, net of original issue discount 135,140 43,956
Payments on long-term debt (68,610) (88,112)
Payment of dividend equivalent rights for vested share-based awards (1,714) (2,318)
Payments to purchase noncontrolling interests 0 (123)
Proceeds from exercise of stock options 121 1,530
Withholding of shares to satisfy tax withholding for vested stock awards and exercised stock options (1,693) (616)
Payments to repurchase common stock (71,431) 0
Payments of debt issuance costs (78) 0
Net cash used in financing activities (8,265) (45,683)
Effects of exchange rate changes on Cash and cash equivalents and Restricted cash (2,963) 8,658
Change in cash included in current assets held for sale 11 (560)
Net change in Cash and cash equivalents and Restricted cash 39,582 26,719
Cash and cash equivalents and Restricted cash at beginning of period 96,897 93,784
Cash and cash equivalents and Restricted cash at end of period $ 136,479 $ 120,503