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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 214,696 $ 2,066
Income from discontinued operations, net of tax 218,786 1,325
(Loss) income from continuing operations (4,090) 741
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,443 15,269
Stock-based compensation expense, net of amount capitalized 3,966 3,717
Deferred income taxes (1,026) 2,083
Provision for credit losses 756 383
Other, net (184) 214
Changes in assets and liabilities:    
Accounts receivable 1,726 4,488
Current income taxes 0 24,676
Operating lease assets and liabilities, net 75 2
Other assets (4,495) (904)
Accounts payable (38) (837)
Other deferrals and accruals (1,218) (4,152)
Net cash provided by operating activities - continuing operations 12,915 45,680
Net cash provided by operating activities - discontinued operations 2,243 2,644
Net cash provided by operating activities 15,158 48,324
Cash flows from investing activities:    
Capital expenditures (70,053) (67,468)
Government grants received 2,710 0
Proceeds from sale of assets and other 0 101
Net cash used in investing activities - continuing operations (67,343) (67,367)
Net cash provided by (used in) investing activities - discontinued operations 305,827 (203)
Net cash provided by (used in) investing activities 238,484 (67,570)
Cash flows from financing activities:    
Principal payments on long-term debt (1,312) 0
Proceeds from credit facility borrowings 0 25,000
Taxes paid for equity award issuances (1,456) (1,156)
Payments for financing arrangements and other (394) (263)
Net cash (used in) provided by financing activities (3,162) 23,581
Net increase in cash and cash equivalents 250,480 4,335
Cash and cash equivalents, beginning of period 139,255 44,061
Cash and cash equivalents, end of period 389,735 48,396
Supplemental Disclosures of Cash Flow Information    
Interest paid 5,262 1,327
Income tax refunds received, net $ 0 $ 25,030