XML 22 R8.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net loss $ (12,912) $ (6,524) $ (16,343)
Adjustments to reconcile net loss to net cash provided by operating activities      
Depreciation and amortization 53,764 49,242 41,717
Non-cash reduction to the right-of-use asset 3,386 3,601 9,323
Amortization of debt discount and issuance costs 1,384 1,709 2,520
Stock-based compensation 52,332 48,362 36,992
Deferred taxes and other (2,131) (4,452) (5,942)
Gain on sale of intangible asset 0 (1,000) 0
Net gain on extinguishment of debt (1,082) (10,267) (12,767)
Changes in operating assets and liabilities:      
Accounts receivable (3,956) (8,725) (3,454)
Prepaid expenses and other assets (1,682) 4,062 2,141
Accounts payable 13,070 (4,639) 5,385
Accrued expenses and other liabilities (10,737) 18,108 (10,592)
Operating right-of-use liability (1,945) (5,594) (9,979)
Net cash provided by operating activities 89,491 83,883 39,001
Cash flows from investing activities      
Purchase of property, plant and equipment (22,261) (13,986) (9,257)
Refund of deposits for construction in progress 0 2,707 0
Capitalized software development costs (10,680) (11,394) (10,642)
Purchase of marketable securities (16,127) (34,050) (80,625)
Proceeds from sales and maturities of marketable securities 9,650 53,502 130,120
Proceeds from sale of business 361 779 1,253
Proceeds from sale of intangible assets 0 1,000 0
Net cash used in investing activities (39,057) (1,442) 30,849
Cash flows from financing activities      
Borrowings on line of credit 28,500 206,500 0
Repayments on line of credit (28,500) (206,500) 0
Payments on finance leases (66) (87) (157)
Net cash paid for debt extinguishment (26,144) (128,534) (51,259)
Payment of debt issuance costs (25) (524) (710)
Proceeds from exercises of stock options 109 167 413
Value of equity awards withheld for tax liabilities (2,942) (2,295) (1,062)
Net cash used in financing activities (29,068) (131,273) (52,775)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (440) (1,241) 610
Net increase (decrease) in cash, cash equivalents, and restricted cash 20,926 (50,073) 17,685
Cash, cash equivalents, and restricted cash, beginning of period 82,234 132,307 114,622
Cash, cash equivalents, and restricted cash, end of period 103,160 82,234 132,307
Reconciliation of cash, cash equivalents, and restricted cash, end of period      
Cash and cash equivalents 102,788 81,812 131,987
Restricted cash included in prepaid expenses and other current assets 372 422 320
Total cash, cash equivalents, and restricted cash, end of period 103,160 82,234 132,307
Supplemental disclosure of cash flow information      
Cash (received from) paid for interest (182) 691 (1,500)
Cash (refunded) paid for taxes, net (55) 3,815 7,203
Right-of-use assets obtained in exchange for new operating lease liabilities 2,661 1,905 156,025
Supplemental disclosure of noncash investing and financing activities      
Purchase of property, plant and equipment, accrued but not paid 6,607 11,447 6,871
Purchase of property and equipment through lease incentive 1,875 0 57,329
Purchase of property and equipment through use of escrow deposits $ 0 $ 0 $ 20,674