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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 202,830 $ 65,532
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,099 51,956
Amortization of operating lease right-of-use assets 28,749 24,117
Loss on impairment of assets 0 1,620
Loss on lease terminations and disposals of subsidiaries and property and equipment, net 6,515 5,279
Non-cash interest expense 1,086 1,149
Non-cash share-based compensation expense 7,077 4,894
Bad debt expense 37,223 29,535
Deferred income taxes (39,871) (9,537)
Unrealized foreign currency exchange (gain) loss (38,625) 51,100
Other, net (5,875) (5,751)
Changes in operating assets and liabilities:    
Receivables (40,078) (41,021)
Prepaid expenses and other assets (15,361) (5,651)
Accounts payable and accrued expenses 9,845 1,040
Income tax receivable/payable, net (21,418) (6,708)
Deferred revenue and other liabilities 7,846 19,865
Net cash provided by operating activities 192,042 187,419
Cash flows from investing activities    
Purchase of property and equipment (34,554) (26,740)
Receipts from sales of property and equipment 3,291 253
Net receipts from sales of discontinued operations 771 250
Net cash used in investing activities (30,492) (26,237)
Cash flows from financing activities    
Proceeds from issuance of long-term debt, net of original issue discount 135,140 48,122
Payments on long-term debt (143,556) (167,189)
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 204 3,196
Withholding of shares to satisfy tax withholding for vested stock awards and exercised stock options (1,696) (616)
Payments to repurchase common stock (100,041) 0
Payments of debt issuance costs (79) (1,285)
Net cash used in financing activities (111,742) (120,213)
Effects of exchange rate changes on Cash and cash equivalents and Restricted cash (6,219) 4,005
Change in cash included in current assets held for sale 229 (309)
Net change in Cash and cash equivalents and Restricted cash 43,818 44,665
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 $ 140,715 $ 138,449