XML 16 R8.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 124,566 $ 116,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Asset impairment   2,468
Depreciation and amortization expense 31,970 9,138
Bad debt expense 20,928 21,364
Compensation expense related to share-based awards 8,603 7,385
Deferred income taxes   794
Changes in operating assets and liabilities (937) (13,280)
Net cash provided by operating activities 185,130 143,995
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investments (303,248) (266,842)
Sales of available-for-sale investments 278,926 277,111
Purchases of property and equipment (6,342) (2,997)
Business acquisition 854  
Net cash (used in) provided by investing activities (29,810) 7,272
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 1,581 2,170
Purchase of treasury stock (66,721) (6,769)
Payments of employee tax associated with stock compensation (7,544) (3,435)
Payments of cash dividends and dividend equivalents (27,383) (23,156)
Release of cash held in escrow (300) (276)
Earnout payments for business acquisition (1,757)  
Principal payments for finance lease (3,681)  
Principal payments for failed sale leaseback (489)  
Net cash used in financing activities (106,294) (31,466)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 49,026 119,801
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period 131,753 119,021
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period $ 180,779 $ 238,822