Corporate Transformation Costs |
6 Months Ended |
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Jun. 30, 2025 | |
Restructuring and Related Activities [Abstract] | |
Corporate Transformation Costs | 16. Corporate Transformation Costs As part of our successful operating model transformation, we’ve launched a corporate transformation initiative focused on modernization and growth. This includes streamlining our processes through technology, expanding our geographic footprint with a stronger presence in Texas and offshore locations, and continuing to invest in our people. The initiative is intended to transform our corporate functions improving efficiency and productivity. We expect to incur corporate transformation costs of approximately $15 to $20 million over the next three years as we complete the initiative, primarily related to employee severance and relocation expense, and employee retention and other transition expense. As of June 30, 2025, corporate transformation costs incurred to date total approximately $1.8 million, primarily attributable to employee severance expenses, and included in the general and administrative expense in the Consolidated Statements of Income.
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