v3.25.4
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities attributable to continuing operations:      
Net earnings (loss) $ 43,832 $ 36,848 $ (40,311)
Loss from discontinued operations, net of tax 0 0 (10,264)
Net earnings (loss) attributable to continuing operations 43,832 36,848 (30,047)
Adjustments to reconcile net earnings to net cash provided by operating activities attributable to continuing operations:      
Depreciation 45,319 86,052 93,604
Provision for credit losses 48,491 57,261 79,385
Stock-based compensation expense 14,758 34,778 43,414
Non-cash lease expense (including impairment of right-of-use assets) 7,366 16,010 11,878
Amortization of intangibles 1,800 2,600 7,958
Deferred income taxes 13,166 (23,951) (10,009)
Other adjustments, net (1,190) (433) (1,059)
Changes in assets and liabilities, net of effects of dispositions:      
Accounts receivable (43,754) (45,385) (58,168)
Other assets 13,391 28,932 (13,852)
Accounts payable and other liabilities (3,825) (601) (8,045)
Operating lease liabilities (13,070) (19,376) (20,678)
Income taxes payable and receivable (1,170) (9,070) 158
Deferred revenue (20,041) (7,724) (355)
Net cash provided by operating activities attributable to continuing operations 105,073 155,941 94,184
Cash flows from investing activities attributable to continuing operations:      
Capital expenditures (59,600) (50,492) (47,780)
Purchases of marketable debt securities 0 0 (12,362)
Proceeds from maturities of marketable debt securities 0 0 12,500
Net proceeds from the sale of a business 0 0 1,000
Proceeds from sales of fixed assets 145 81 85
Net cash used in investing activities attributable to continuing operations (59,455) (50,411) (46,557)
Cash flows from financing activities attributable to continuing operations:      
Debt issuance costs (1,684) 0 0
Purchases of treasury stock (148,676) (28,605) (10,932)
Purchase of noncontrolling interests 0 (16,019) 0
Withholding taxes paid on behalf of employees on net settled stock-based awards (7,982) (7,578) (5,994)
Distribution from IAC pursuant to the tax sharing agreement 0 (1,548) 0
Other, net 0 (9) (57)
Net cash used in financing activities attributable to continuing operations (158,342) (53,759) (16,983)
Total cash (used in) provided by continuing operations (112,724) 51,771 30,644
Net cash provided by operating activities attributable to discontinued operations 0 0 10,661
Net cash provided by investing activities attributable to discontinued operations 0 0 325
Total cash provided by discontinued operations 0 0 10,986
Effect of exchange rate changes on cash and cash equivalents and restricted cash (120) 473 535
Net (decrease) increase in cash and cash equivalents and restricted cash (112,844) 52,244 42,165
Cash and cash equivalents and restricted cash at beginning of period 416,545 364,301 322,136
Cash and cash equivalents and restricted cash at end of period $ 303,701 $ 416,545 $ 364,301