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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities attributable to continuing operations:    
Net earnings (loss) $ 2,771 $ (29,479)
Less: Earnings from discontinued operations, net of tax 0 99
Net earnings (loss) attributable to continuing operations 2,771 (29,578)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities attributable to continuing operations:    
Depreciation 48,173 47,194
Provision for credit losses 28,883 44,962
Stock-based compensation expense 18,069 23,009
Non-cash lease expense (including impairment of right-of-use assets) 12,083 6,392
Deferred income taxes 1,735 (2,347)
Amortization of intangibles 0 5,325
Other adjustments, net 1,064 (1,577)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable (44,340) (36,810)
Other assets 20,517 7,204
Accounts payable and other liabilities 2,461 20,236
Operating lease liabilities (9,492) (12,282)
Income taxes payable and receivable 1,574 2,262
Deferred revenue 1,490 3,041
Net cash provided by operating activities attributable to continuing operations 84,988 77,031
Cash flows from investing activities attributable to continuing operations:    
Capital expenditures (25,444) (22,315)
Purchases of marketable debt securities 0 (12,362)
Proceeds from maturities of marketable debt securities 0 12,500
Proceeds from sales of fixed assets 6 11
Net cash used in investing activities attributable to continuing operations (25,438) (22,166)
Cash flows from financing activities attributable to continuing operations:    
Purchases of treasury stock (18,201) (3,397)
Withholding taxes paid on behalf of employees on net settled stock-based awards (4,743) (4,124)
Distribution to IAC pursuant to the tax sharing agreement (198) 0
Other, net 0 (57)
Net cash used in financing activities attributable to continuing operations (23,142) (7,578)
Total cash provided by continuing operations 36,408 47,287
Net cash provided by operating activities attributable to discontinued operations 0 748
Net cash provided by investing activities attributable to discontinued operations 0 245
Total cash provided by discontinued operations 0 993
Effect of exchange rate changes on cash and cash equivalents and restricted cash (207) 543
Net increase in cash and cash equivalents and restricted cash 36,201 48,823
Cash and cash equivalents and restricted cash at beginning of period 364,301 322,136
Cash and cash equivalents and restricted cash at end of period $ 400,502 $ 370,959