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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) earnings $ (4,160,000) $ 35,314,000 $ 77,507,000
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Stock-based compensation expense 83,649,000 68,255,000 97,078,000
Amortization of intangibles 42,902,000 55,482,000 62,212,000
Provision for credit losses 78,229,000 64,278,000 47,242,000
Depreciation 52,621,000 39,915,000 24,310,000
Deferred income taxes (15,278,000) (3,250,000) (8,368,000)
Loss (gain) from the sale of a business 273,000 218,000 (13,237,000)
Revenue reserves 10,251,000 5,934,000 221,000
Other adjustments, net 1,598,000 2,053,000 (740,000)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Accounts receivable (79,830,000) (78,954,000) (47,686,000)
Other assets 5,987,000 13,382,000 (12,959,000)
Accounts payable and other liabilities 17,206,000 13,627,000 (576,000)
Income taxes payable and receivable (1,243,000) 1,650,000 725,000
Deferred revenue (3,786,000) (3,743,000) (2,029,000)
Net cash provided by operating activities 188,419,000 214,161,000 223,700,000
Cash flows from investing activities:      
Acquisitions, net of cash acquired (2,264,000) (20,341,000) 3,669,000
Capital expenditures (52,488,000) (68,804,000) (46,976,000)
Purchases of marketable debt securities (99,977,000) 0 (59,671,000)
Proceeds from maturities of marketable debt securities 50,000,000 25,000,000 35,000,000
Net proceeds from the sale of a business 731,000 23,615,000 0
Proceeds from sale of fixed assets 20,000   10,412,000
Other, net 24,000 (103,000) (25,000)
Net cash used in investing activities (103,954,000) (40,633,000) (57,591,000)
Cash flows from financing activities:      
Proceeds from the issuance of Senior Notes 500,000,000 0 0
Principal payments on Term Loan (27,500,000) (13,750,000) (13,750,000)
Debt issuance costs (6,484,000) 0 (2,168,000)
Principal payments on related party debt 0 (1,008,000) (1,904,000)
Purchase of treasury stock (63,674,000) (56,905,000) 0
Proceeds from the exercise of stock options 0 573,000 4,693,000
Withholding taxes paid on behalf of employees on net settled stock-based awards (64,079,000) (35,284,000) (29,844,000)
Distribution from (to) IAC pursuant to tax sharing agreement 3,071,000 (11,355,000) 0
Purchase of noncontrolling interests (4,281,000) (71,000) (6,061,000)
Other, net   (3,732,000) 13,000
Net cash provided (used in) by financing activities 337,053,000 (121,532,000) (49,021,000)
Total cash provided 421,518,000 51,996,000 117,088,000
Effect of exchange rate changes on cash and cash equivalents and restricted cash 565,000 661,000 212,000
Net increase in cash and cash equivalents and restricted cash 422,083,000 52,657,000 117,300,000
Cash and cash equivalents and restricted cash at beginning of period 391,478,000 338,821,000 221,521,000
Cash and cash equivalents and restricted cash at end of period $ 813,561,000 $ 391,478,000 $ 338,821,000