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FINANCIAL STATEMENT DETAILS | 6 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
FINANCIAL STATEMENT DETAILS | FINANCIAL STATEMENT DETAILS Cash and Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows:
| June 30, 2024 |  | December 31, 2023 |  | June 30, 2023 |  | December 31, 2022
| (In thousands)
Cash and cash equivalents | $ | 384,895 |  |  | $ | 364,044 |  |  | $ | 370,579 |  |  | $ | 321,155 |
Restricted cash included in other current assets | 15,358 |  |  | — |  |  | — |  |  | 107 |
Restricted cash included in other non-current assets | 249 |  |  | 257 |  |  | 380 |  |  | 371 |
Restricted cash included in other non-current assets of discontinued operations | — |  |  | — |  |  | — |  |  | 503 |
Total cash and cash equivalents, and restricted cash as shown on the statement of cash flows | $ | 400,502 |  |  | $ | 364,301 |  |  | $ | 370,959 |  |  | $ | 322,136 |
Restricted cash included in “Other current assets” in the balance sheet at June 30, 2024 primarily consists of cash held in an account pledged pursuant to the future purchase of certain noncontrolling interests. Restricted cash included in “Other current assets” in the balance sheet at December 31, 2022 primarily consisted of cash reserved to fund insurance claims. Restricted cash included in “Other non-current assets” in the balance sheets for all periods presented above primarily consisted of deposits related to leases. Credit Losses The following table presents the changes in the allowance for credit losses for the six months ended June 30, 2024 and 2023:
| 2024 |  | 2023 |  |
| (In thousands)
Balance at January 1 | $ | 24,684 |  |  | $ | 38,846 |  |  |
Current period provision for credit losses | 28,883 |  |  | 44,962 |  |  |
Write-offs charged against the allowance for credit loss | (38,463) |  |  | (51,427) |  |  |
Recoveries collected | 2,339 |  |  | 2,703 |  |  |
Other | (38) |  |  | (144) |  |  |
Balance at June 30 | $ | 17,405 |  |  | $ | 34,940 |  |  |
Accumulated Amortization and Depreciation The following table provides the accumulated depreciation and amortization within the balance sheet:
Asset Category |  | June 30, 2024 |  | December 31, 2023
|  | (In thousands)
Capitalized software, leasehold improvements, and equipment |  | $ | 244,766 |  |  | $ | 215,357 |
Intangible assets |  | $ | 89,119 |  |  | $ | 89,229 |
Other income, net
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest income | $ | 5,086 |  |  | $ | 4,152 |  |  | $ | 9,795 |  |  | $ | 7,571 |
Other | (516) |  |  | 1,032 |  |  | (741) |  |  | 1,420 |
Other income, net | $ | 4,570 |  |  | $ | 5,184 |  |  | $ | 9,054 |  |  | $ | 8,991 |

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