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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Consolidated net income $ 81,421 $ 61,388
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 15,099 13,236
Currency loss (gain) on foreign denominated transactions 165 (457)
Deferred taxes 4,693 (13,330)
Provision for doubtful accounts 1,486 1,123
Stock-based compensation expense 26,630 25,925
Amortization of deferred financing costs 258 258
Amortization of deferred contract costs 9,749 7,814
Impairments 20,161 32,552
Changes in operating assets and liabilities    
Accounts receivable (3,410) 2,223
Inventory 0 (373)
Prepaid expenses, prepaid income taxes, and other assets 12,997 8,894
Deferred contract costs (9,716) (9,429)
Accounts payable 6,525 6,692
Accrued expenses, accrued income taxes, and other liabilities (182) (3,204)
Deferred revenue 1,411 1,686
Lease obligations (2,847) 6,000
Net cash provided by operating activities 164,440 140,998
Investing Activities    
Purchases of property and equipment (953) (3,823)
Capitalization of website development costs (12,649) (11,653)
Net cash used in investing activities (13,602) (15,476)
Financing Activities    
Proceeds from issuance of common stock upon exercise of stock options 55 404
Payment of withholding taxes on net share settlements of restricted stock units (13,596) (15,330)
Repurchases of common stock (202,135) (184,608)
Payment of excise tax for repurchase of common stock (2,654) (682)
Payment of finance lease obligations (43) (40)
Change in gross advance payments received from third-party transaction processor 0 (281)
Net cash used in financing activities (218,373) (200,537)
Impact of foreign currency on cash, cash equivalents, and restricted cash (847) 2,135
Net decrease in cash, cash equivalents, and restricted cash (68,382) (72,880)
Cash, cash equivalents, and restricted cash at beginning of period 190,518 306,229
Cash, cash equivalents, and restricted cash at end of period 122,136 233,349
Supplemental disclosure of cash flow information    
(Refunds) or cash paid for income taxes, net (356) 17,269
Cash paid for operating lease liabilities 11,531 8,997
Cash paid for interest 309 316
Supplemental noncash disclosure of cash flow information    
Unpaid purchases of property and equipment and capitalized hosting arrangements 1,040 842
Capitalized stock-based compensation expense in website development and internal-use software costs and hosting arrangements 2,919 3,496
Unpaid repurchases of common stock 2,170 0
Unpaid excise tax on repurchases of common stock 1,676 1,402
Obtaining a right-of-use asset in exchange for an operating lease liability $ 0 $ 201