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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 22,070 $ 66,620 $ 146,082
Adjustments to reconcile net income to net cash provided by operating activities:      
Share-based compensation 9,492 5,449 3,815
Depreciation and amortization of fixed assets 1,159 915 525
Amortization of debt issuance costs 428 424 597
Non-cash operating lease cost 620 579 544
Gain on extinguishment of tax receivable agreement 0 0 (55,422)
Loss on extinguishment of debt 0 0 8,778
Deferred income taxes (4,985) 375 20,055
Other 15 0 0
Changes in assets & liabilities:      
Accounts receivable, net 1,105 804 (2,181)
Contract assets, net 46,116 37,527 (23,763)
Other current and non-current assets (507) (2,685) (1,120)
Accounts payable 86 (996) (2,157)
Accrued expenses 1,183 2,405 693
Income tax receivable, net 2,699 (8,369) (450)
Operating lease liabilities (561) (495) (364)
Third-party claims administration liability 2,409 1,005 459
Other current and non-current liabilities 1,329 3,873 (935)
Net cash provided by operating activities 82,658 107,431 95,156
Cash flows from investing activities      
Capitalized software development costs (123) (238) (111)
Capitalized software development costs (2,055) (386) (1,876)
Net cash used in investing activities (2,178) (624) (1,987)
Cash flows from financing activities      
Proceeds from term loans 0 150,000 125,000
Proceeds from revolving facility 0 0 50,000
Payments on term loans (3,750) (123,594) (169,191)
Payments on revolving facility 0 (25,000) (25,000)
Payment of deferred financing cost 0 (976) (1,669)
Shares repurchased (37,322) (18,018) (20,000)
Shares withheld for taxes related to restricted stock units (1,258) (209) 0
Settlement of tax receivable agreement 0 0 (36,948)
Net cash used in financing activities (42,330) (17,797) (77,808)
Net change in cash and cash equivalents and restricted cash 38,150 89,010 15,361
Cash and cash equivalents and restricted cash at the beginning of the period 208,519 119,509 104,148
Cash and cash equivalents and restricted cash at the end of the period 246,669 208,519 119,509
Supplemental disclosure of cash flow information:      
Interest paid 10,313 3,520 5,243
Income tax paid, net 9,075 36,112 25,280
Non-cash investing and financing:      
Fixed assets accrued but not paid 0 0 24
Share-based compensation for capitalized software development 88 0 0
Capitalized software development costs accrued but not paid 248 0 0
Accrued excise tax associated with share repurchases 314 0 0
Right-of-use assets obtained in exchange for lease obligations $ 0 $ 0 $ 0