XML 17 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net income (loss) $ 11,358 $ (7,023)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 18,572 19,995
Loss on disposal of assets 122 111
Share-based compensation expense 9,498 10,786
Deferred income taxes 4,228 (3,835)
Amortization of operating lease right-of-use assets 1,928 1,846
Amortization of debt issuance costs 497 735
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables (33,301) 5,545
Inventories 1,701 (2,483)
Prepaid expenses 57 (809)
Other current assets (4,866) (3,401)
Investment in sales-type leases 2,766 84
Prepaid commissions (1,972) (3,102)
Other long-term assets 1,297 1,650
Accounts payable 16,176 931
Accrued compensation (10,765) (14,230)
Accrued liabilities (292) 1,380
Deferred revenues 40,275 20,184
Operating lease liabilities (2,974) (2,804)
Other long-term liabilities 195 364
Net cash provided by operating activities 54,500 25,924
Investing Activities    
External-use software development costs (3,432) (4,567)
Purchases of property and equipment (12,435) (11,172)
Net cash used in investing activities (15,867) (15,739)
Financing Activities    
Proceeds from issuances under stock-based compensation plans 7,762 8,266
Employees’ taxes paid related to restricted stock units (2,603) (2,391)
Change in customer funds, net (2,768) (1,837)
Net cash provided by financing activities 2,391 4,038
Effect of exchange rate changes on cash and cash equivalents (1,091) 1,565
Net increase in cash, cash equivalents, and restricted cash 39,933 15,788
Cash, cash equivalents, and restricted cash at beginning of period 251,032 398,614
Cash, cash equivalents, and restricted cash at end of period 290,965 414,402
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 239,221 386,826
Restricted cash included in other current assets 51,744 27,576
Cash, cash equivalents, and restricted cash at end of period 290,965 414,402
Supplemental disclosure of non-cash investing activities:    
Unpaid purchases of property and equipment $ 180 $ 976