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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 17,276 $ (1,074)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 29,049 26,563
Amortization 1,126 14,467
Unrealized exchange (losses) gains on foreign denominated debt (15,128) 9,065
Equity-based compensation 13,148 18,009
Deferred income taxes – net 8,725 (5,796)
Uncertain tax positions (1,854) (3,010)
Non-cash fair value adjustment for swaps - net 1,459 2,725
Amortization of debt issuance costs 1,283 1,960
Non-cash operating lease costs 6,049 3,920
Other 1,494 1,524
Changes in assets and liabilities:    
Accounts receivable 14,391 6,706
Accounts payable (5,440) 1,420
Accrued expenses 3,400 (5,243)
Insurance recovery receivable 2,124 0
Litigation reserves 2,699 0
Lease liabilities, non-current (6,118) (4,215)
Income taxes receivable/payable (3,965) (1,163)
Interest payable (2) (130)
Deferred revenue (3,058) 5,616
Other 1,313 2,439
Net cash provided by operating activities 67,971 73,783
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (29,833) (29,452)
Acquisition of a business, net of cash acquired (14,906) 0
Net cash used in investing activities (44,739) (29,452)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt issuance costs (2,205) (1,137)
Prepayment of debt (35,200) (25,200)
Proceeds from common stock issuance 5,256 4,898
Cash paid for settlement of employee taxes related to equity-based awards (2,625) (2,993)
Cash paid for equity issuance costs 0 (150)
Net cash used in financing activities (34,774) (24,582)
Effects of exchange rates fluctuations (3,076) 3,439
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (14,618) 23,188
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of period 140,850 102,394
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of period $ 126,232 $ 125,582