Employee Retention Credit |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Government Assistance [Abstract] | |
| Employee Retention Credit | Note 18—Employee Retention Credit During the three and six months ended June 30, 2025, the Company received $7.9 million and $20.0 million, respectively, in ERC refunds from the IRS. These amounts include interest payments of $0.8 million and $2.4 million for the three- and six-month periods, respectively. At June 30, 2025, the Company has recorded a deferred ERC liability of $20.0 million within “Other accrued expenses and current liabilities” on the Consolidated Balance Sheets and will recognize income once the Company determines reasonable assurance has been obtained. Should the Company receive reasonable assurance over receipt of, and compliance with, the terms of the ERC, the Company would recognize such amounts as an offset to expense within “Costs of services provided” on the Consolidated Statements of Comprehensive (Loss)/Income.
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