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Condensed Consolidated Statements of Cash Flows
$ in Thousands
 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Cash flows from operating activities    
Net income (loss) $ (12,596) $ (13,829)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 53,622 51,283
Provision for doubtful accounts and sales returns 3,798 3,653
Stock-based compensation expense 63,289 55,714
Deferred taxes (33,101) (16,656)
Amortization of deferred financing costs and discount 963 1,254
Other non-cash adjustments (1,569) 4,225
Changes in operating assets and liabilities, net of acquisition and disposal of businesses:    
Accounts receivable (69,624) (50,818)
Prepaid expenses and other assets 9,470 3,685
Trade accounts payable (3,431) 12,769
Accrued expenses and other liabilities 11,948 (8,739)
Deferred revenue 52,233 39,238
Net cash provided by operating activities 75,002 81,779
Cash flows from investing activities    
Purchase of property and equipment (2,779) (7,518)
Capitalized software and content development costs (28,756) (27,183)
Purchase of net assets of acquired companies, net of cash and restricted cash acquired 0 (19,016)
Net cash used in investing activities (31,535) (53,717)
Cash flows from financing activities    
Proceeds from issuance of debt 158,000 113,200
Payments on debt (171,824) (129,548)
Stock issuance costs 0 (557)
Employee taxes paid for withheld shares upon equity award settlement (33,687) (35,600)
Change in due to customers 61,313 (141,001)
Change in customer funds receivable (3,359) (546)
Net cash provided by (used in) financing activities 10,443 (194,052)
Effect of exchange rate on cash, cash equivalents and restricted cash 2,489 (7,252)
Net increase (decrease) in cash, cash equivalents and restricted cash 56,399 (173,242)
Cash, cash equivalents and restricted cash, beginning of period 733,931 651,762
Cash, cash equivalents and restricted cash, end of period 790,330 $ 478,520
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 29,041  
Total restricted cash 761,289  
Total cash, cash equivalents and restricted cash in the statement of cash flows $ 790,330