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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (51,669) $ 1,699
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 7,133 6,471
Impairment charge 49,438  
Deferred income taxes (4,224) (205)
Non-cash interest 92 133
Amortization of syndication contracts 113 120
Payments on syndication contracts (115) (120)
Non-cash stock-based compensation 5,447 4,053
(Gain) loss on marketable securities 113 32
(Gain) loss on disposal of property and equipment 97 68
(Gain) loss on debt extinguishment 40 1,556
Change in fair value of contingent consideration (1,420) (4,065)
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable 29,473 33,157
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets (7,150) 948
Increase (decrease) in accounts payable, accrued expenses and other liabilities 6,007 (7,152)
Net cash provided by operating activities 33,375 36,695
Cash flows from investing activities:    
Purchases of property and equipment (2,743) (6,750)
Purchases of marketable securities   (9,397)
Proceeds from sale of marketable securities 8,842 15,704
Purchases of investments   (120)
Net cash provided by (used in) investing activities 6,099 (563)
Cash flows from financing activities:    
Proceeds from stock option exercises   313
Tax payments related to shares withheld for share-based compensation plans (27) (80)
Payments on debt (10,275) (211,748)
Dividends paid (4,476) (4,932)
Distributions to noncontrolling interest (1,078)  
Payment of contingent consideration (900)  
Principal payments under finance lease obligation (41) (38)
Proceeds from borrowings on debt   212,405
Payments for debt issuance costs   (1,285)
Net cash provided by (used in) financing activities (16,797) (5,365)
Effect of exchange rates on cash, cash equivalents and restricted cash (2) 1
Net increase (decrease) in cash, cash equivalents and restricted cash 22,675 30,768
Cash, cash equivalents and restricted cash:    
Beginning 106,509 111,444
Ending 129,184 142,212
Cash payments for:    
Interest 4,467 3,895
Income taxes 1,291 72
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures financed through accounts payable, accrued expenses and other liabilities 1,416 $ 3,910
Dividends equivalents payable $ 1,049