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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net (loss) income $ (11,024) $ (15,639)
Reconciliation of net income (loss) to net cash provided by operating activities:    
Depreciation expense 1,945 2,059
Amortization expense - intangible assets 616 340
Allowance for credit losses on receivables/bad debt on receivables 605 159
Equity in (income) loss of unconsolidated affiliates (80) 149
Agent growth incentive stock-based compensation expense 8,119 8,827
Stock option compensation 1,853 1,990
Agent equity stock-based compensation expense 20,756 25,868
Deferred income taxes, net (1,509) (4,786)
Changes in operating assets and liabilities:    
Accounts receivable (15,808) (20,141)
Prepaids and other assets (2,963) (311)
Customer deposits 11,685 31,239
Accounts payable (369) 197
Accrued expenses 25,828 14,703
Litigation contingency   16,000
Other operating activities 184  
NET CASH PROVIDED BY OPERATING ACTIVITIES 39,838 60,654
INVESTING ACTIVITIES    
Purchases of property and equipment (2,553) (1,323)
Investments in unconsolidated affiliates (11,244) (3,807)
Capitalized software development costs in intangible assets (450) (115)
NET CASH USED IN INVESTING ACTIVITIES (14,247) (5,245)
FINANCING ACTIVITIES    
Repurchase of common stock (4,982) (33,032)
Proceeds from exercise of options 300 977
Transactions with noncontrolling interests   (1,169)
Dividends declared and paid (7,602) (7,585)
NET CASH USED IN FINANCING ACTIVITIES (12,284) (40,809)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash 329 (589)
Net change in cash, cash equivalents and restricted cash 13,636 14,011
Cash, cash equivalents and restricted cash, beginning balance 168,588 169,893
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 182,224 183,904
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for income taxes 1,480 1,109
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment purchases in accounts payable $ 214 $ 30