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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 22,557 $ 35,516
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, excluding amortization of deferred recertification and dry dock costs 101,026 105,532
Amortization of deferred recertification and dry dock costs 42,506 27,196
Deferred recertification and dry dock costs (48,276) (29,239)
Payment of earnout consideration   (58,300)
Amortization of debt discount 177 161
Amortization of debt issuance costs 1,533 1,611
Share-based compensation 4,941 5,524
Deferred income taxes 3,819 13,167
Loss on disposition of assets, net   50
Losses related to convertible senior notes   20,922
Unrealized foreign currency gains (690) (1,213)
Changes in operating assets and liabilities:    
Accounts receivable, net (93,298) 12,741
Other current assets (900) (13,778)
Income tax receivable, net of income tax payable (15,175) (509)
Accounts payable and accrued liabilities 2,644 (14,869)
Other, net 2,722 3,539
Net cash provided by operating activities 23,586 108,051
Cash flows from investing activities:    
Capital expenditures (10,646) (10,780)
Proceeds from sale of assets   100
Proceeds from insurance recoveries   363
Net cash used in investing activities (10,646) (10,317)
Cash flows from financing activities:    
Payments related to convertible senior notes   (60,720)
Repayment of MARAD Debt (9,186) (8,749)
Proceeds from settlement of capped calls   4,381
Debt issuance costs   (1,453)
Repurchases of common stock (30,214) (10,189)
Payments related to tax withholding for share-based compensation (7,266) (4,003)
Proceeds from issuance of ESPP shares 1,745 1,859
Payment of earnout consideration   (26,700)
Net cash used in financing activities (44,921) (105,574)
Effect of exchange rate changes on cash and cash equivalents 1,984 (231)
Net decrease in cash and cash equivalents (29,997) (8,071)
Cash and cash equivalents:    
Balance, beginning of year 368,030 332,191
Balance, end of period $ 338,033 $ 324,120