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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 104,203 $ 192,825
Restricted cash and restricted investments 59,295 13,768
Accounts receivable, net [1] 414,681 446,749
Prepaid expenses and other current assets 28,938 30,331
Total current assets 607,117 683,673
Restricted cash and restricted investments 14,998 16,864
Investments and equity method investees 8,588 4,895
Property and equipment, net 73,151 78,194
Right-of-use assets - operating 6,134 11,983
Prepaid expenses and other noncurrent assets 3,569 4,028
Contract cost assets 13,378 12,120
Intangible assets, net 680,156 752,009
Goodwill 1,137,320 1,116,542
Total assets 2,544,411 2,680,308
Current liabilities:    
Accounts payable [1] 96,025 48,246
Accrued liabilities 66,361 149,849
Operating lease liability - current 26,717 9,738
Accrued compensation and employee benefits 33,719 56,385
Deferred revenue 2,507 5,976
Short-term debt, net 171,467 0
Reserve for claims and performance - based arrangements 318,705 404,048
Total current liabilities 715,501 674,242
Long-term debt, net 490,520 597,049
Other long-term liabilities 2,984 3,637
Tax receivables agreement liability 108,105 107,932
Operating lease liabilities - noncurrent 24,969 38,009
Deferred tax liabilities, net 10,900 13,311
Total liabilities 1,352,979 1,434,180
Commitments and Contingencies (See Note 10)
Mezzanine Equity    
Preferred class A common stock - $0.01 par value; 50,000,000 shares authorized; 175,000 issued, respectively 190,173 178,427
Shareholders' Equity    
Class A common stock - $0.01 par value; 750,000,000 shares authorized; 116,575,773 and 115,424,833 shares issued, respectively 1,166 1,154
Additional paid-in-capital 1,803,786 1,808,121
Accumulated other comprehensive loss (1,753) (1,257)
Retained earnings (accumulated deficit) (780,817) (719,194)
Treasury stock, at cost; 1,537,582 shares issued, respectively (21,123) (21,123)
Total shareholders' equity 1,001,259 1,067,701
Total liabilities, mezzanine equity and shareholders' equity $ 2,544,411 $ 2,680,308
[1] See Note 19 for amounts attributable to related parties included in these line items.