v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest $ (22,648) $ (9,959)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]    
Stock-based compensation 32,815 31,497
Depreciation and amortization 88,286 83,375
Operating Lease, Right-of-Use Asset, Amortization Expense 32,232 34,075
Gain (Loss) on Termination of Lease 0 (3,529)
Deferred income taxes (338) (1,424)
Adjustment To Deferred Acquisition Consideration 19,091 3,437
Other, net 1,071 (7,517)
Changes in working capital:    
Accounts receivable 9,595 7,941
Expenditures billable to clients 5,082 27,021
Other current assets (58,849) (41,375)
Accounts payable (15,944) 25,333
Accrued expenses and other liabilities (28,787) (89,393)
Advance billings 39,278 35,765
Increase (Decrease) in Operating Lease Liability (35,717) (40,509)
Deferred acquisition related payments (1,450) 0
Net Cash Provided by (Used in) Operating Activities, Total 63,717 54,738
Cash flows from investing activities:    
Capitalized software (62,446) (29,241)
Capital expenditures (21,623) (18,088)
Acquisitions, net of cash acquired (4,453) 14,172
Other (1,150) (1,779)
Net Cash Provided by (Used in) Investing Activities, Total (89,672) (34,936)
Cash flows from financing activities:    
Repayment of borrowings under revolving credit facility (972,100) (925,000)
Proceeds from borrowings under revolving credit facility 1,096,100 1,038,000
Shares repurchased and cancelled (87,956) (67,504)
Distributions to noncontrolling interests and RNCI (3,071) (4,761)
Payment of deferred consideration (337) (16,103)
Tax Receivables Agreement payment (2,554) 0
Payments of Financing Costs 0 (3,570)
Net Cash Provided by (Used in) Financing Activities, Total 30,082 21,062
Effect of exchange rate changes on cash and cash equivalents 809 9,106
Net increase in cash and cash equivalents 4,936 49,970
Cash and cash equivalents at beginning of period 104,537 131,339
Cash and cash equivalents at end of period 109,473 181,309
Supplemental Cash Flow Information:    
Cash income taxes paid 14,457 14,303
Cash interest paid 45,464 46,800
Non-cash investing and financing activities:    
Non-cash payment on deferred acquisition 483 0
Shares issued for business acquisitions 5,625 15,300
Right-of-use assets obtained in exchange for new operating lease liabilities 5,247 21,636
Addition to deferred tax asset related to exchange of Paired Units 0 204,722
Addition to Tax Receivables Agreement liability related to exchange of Paired Units 0 200,119
Conversion of Class C to Class A shares $ 0 $ 447,562