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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 11,130 $ 2,684
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,266 20,948
Amortization of cloud computing implementation costs 1,006 994
Provision for subscription cancellations and non-renewals 192 1,082
Amortization of deferred financing costs 680 146
Change in fair value of contingent consideration liabilities (14,700) (800)
Stock-based compensation expense 21,044 16,324
Deferred income taxes (929) (2,588)
Non-cash operating lease costs 779 828
Other (7) (106)
Changes in operating assets and liabilities:    
Accounts receivable 11,772 4,478
Prepaid expenses and other current assets (13,169) (7,335)
Deferred commissions (56) (64)
Accounts payable (11,279) (1,153)
Accrued expenses 2,956 (8,486)
Accrued and deferred compensation (26,785) (14,515)
Deferred revenue 11,156 11,177
Operating lease liabilities (1,068) (1,125)
Other (183) 2,077
Net cash provided by operating activities 14,805 24,566
Cash flows from investing activities:    
Property and equipment additions (21,394) (14,449)
Capitalized software additions (5,661) (5,615)
Purchase of investment securities, available-for-sale (2,398) (4,271)
Proceeds from sales and maturities of investment securities, available-for-sale 11,607 4,800
Net cash used in investing activities (17,846) (19,535)
Cash flows from financing activities:    
Net increase in customer funds obligations 3,227 15,939
Principal payments on long-term debt   (625)
Payments for deferred financing costs   (89)
Payments for taxes related to net share settlement of stock-based awards (25,034) (17,862)
Proceeds from exercise of stock options 1,166 1,510
Payments of finance lease liabilities (12) (26)
Net cash used in financing activities (20,653) (1,153)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,310 (349)
Net increase (decrease) in cash, cash equivalents and restricted cash (22,384) 3,529
Cash, cash equivalents and restricted cash, beginning of period 326,066 89,151
Cash, cash equivalents and restricted cash, end of period $ 303,682 $ 92,680