XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (34,824) $ (110,273) $ 37,293
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 248,583 145,919 129,473
Loss on extinguishment of debt 1,052 383 0
Amortization of deferred financing costs 6,311 2,619 1,807
Bad debt expense (recovery) 705 158 (56)
Deferred taxes (31,011) (31,418) (19,497)
Share-based compensation 24,456 31,762 15,265
Loss on foreign currency exchange rates 0 0 8
Loss (gain) on disposal and impairment of long-lived assets 2,155 (275) 1,608
Change in fair value of interest rate swaps 4,842 (10,511) 116
Changes in operating assets and liabilities:      
Accounts receivable (29,672) 20,775 2,339
Prepaid expenses and other assets 12,396 (1,908) 13,440
Accounts payable (16,020) (25,450) (8,503)
Accrued compensation and accrued liabilities 6,380 7,176 (9,301)
Deferred revenues 735 762 788
Operating lease liabilities (35) (883) (1,378)
Other liabilities (1,265) (961) 347
Income taxes receivable and payable, net 338 321 (929)
Net cash provided by operating activities 195,126 28,196 162,820
CASH FLOWS FROM INVESTING ACTIVITIES      
Capitalized software development costs (47,619) (30,545) (25,614)
Purchases of property and equipment (6,633) (1,720) (2,085)
Acquisitions of businesses, net of cash acquired 0 (1,619,812) (41,122)
Other investing activities 122 89 1,974
Net cash used in investing activities (54,130) (1,651,988) (66,847)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of common stock under share-based compensation plans 3,751 14,653 4,565
Net settlement of share-based compensation plan awards (3,912) (14,305) (350)
Cash dividends paid (133) (255) (217,739)
Payments of debt issuance costs 0 (38,212) 0
Payments on deferred purchase agreements 0 (703) (938)
Payments on finance lease obligations 0 (6) (104)
Share repurchases 0 0 (58,990)
Net cash (used in) provided by financing activities (70,757) 1,581,065 (273,556)
Effect of exchange rate on cash, cash equivalents, and restricted cash 362 (1,702) (301)
Increase (decrease) in cash, cash equivalents, and restricted cash 70,601 (44,429) (177,884)
Cash, cash equivalents, and restricted cash at beginning of period 169,483 213,912 391,796
Cash, cash equivalents, and restricted cash at end of period 240,084 169,483 213,912
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid for interest 161,803 65,767 45,697
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Property and equipment acquired on account 3,094 539 118
Non-cash property and equipment additions 0 540 0
Excise taxes on share repurchases incurred but not paid 0 0 490
Dividends declared but not paid 0 0 614
Successor First Lien [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings from First Lien Credit Facility 0 1,679,093 0
First Lien Credit Facility [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Repayments of First Lien Credit Facility $ (70,463) $ (59,200) $ 0