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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 16,311 $ 18,216
Accounts receivable, net of allowance of $13,051 in 2024 and $14,926 in 2023 161,620 205,503
Contract assets, net of allowance of $29 in 2024 and $35 in 2023 2,127 2,909
Taxes receivable 6,218 3,085
Prepaid expenses 13,923 17,771
Deferred costs 8,402 16,722
Other current assets 2,119 2,662
Total current assets 210,720 266,868
Fixed assets and capitalized software, net 44,478 38,599
Goodwill 253,318 302,400
Intangible assets, net 34,259 18,788
Deferred tax assets 143,495 128,051
Other assets 25,895 28,464
Total assets 712,165 783,170
Current liabilities    
Accounts payable 13,011 10,348
Accrued liabilities 95,462 105,903
Current portion of unrecognized tax benefits 26,196 23,979
Contract liabilities 40,315 44,558
Other current liabilities 8,151 8,402
Total current liabilities 196,260 263,190
ABL Facility 23,891 48,845
Pension obligations, net 38,014 69,388
Other liabilities 9,759 18,995
Total long-term liabilities 318,985 367,280
Commitments and contingencies (see Note 15)
Stockholders' equity    
Common stock - $0.01 par value, 250,000,000 shares authorized; 70,556,740, shares issued and 43,033,960 shares outstanding at December 31, 2024; and 62,660,783 shares issued and 35,302,746 shares outstanding at December 31, 2023 706 627
Additional paid-in capital 1,272,476 1,151,259
Treasury stock - 27,522,780 shares at December 31, 2024 and 27,358,037 shares at December 31, 2023 (488,903) (485,793)
Accumulated other comprehensive loss (14,941) (15,191)
Accumulated deficit (572,418) (498,202)
Total stockholders' equity 196,920 152,700
Total liabilities and stockholders' equity 712,165 783,170
Nonrelated Party    
Current liabilities    
Current portion of Term Loan 7,875 70,000
Term Loan, net 146,885 230,052
Related Party    
Current liabilities    
Current portion of Term Loan 5,250 0
Term Loan, net $ 100,436 $ 0