v3.25.4
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2025
Employee Benefit Plans [Abstract]  
Employee Benefit Plans
18.
Employee Benefit Plans
The
Company
has
a
401(k)
defined
contribution
plan
in
which
all
U.S.
full
time
employees
are
eligible
to
participate
upon
their
date
of
hire.
Employees
generally
may
contribute
up
to
100
%
of
their
qualifying
compensation
subject
to
statutory
limitations.
The
Company
matches
up
to
100
%
up
to
the
first
6
%
of
each
participant’s
annual
compensation
for
all
employees.
The
Company’s
contributions
immediately
vest.
Total
Company
contributions
for
the
years
ended
December
31,
2025,
2024
and
2023
amounted
to
$
5.1
million,
$
5.9
million and $
5.5
million, respectively.
In the United States, the Company is self-insured for
employee health care claims up to the lesser of $
0.2
million
per
covered
person
or
an
aggregate
amount
depending
on
the
various
coverages
provided
to
employees
throughout the plan year
for all employees. The
Company has purchased coverage from
a commercial insurance
carrier to provide for any claims
in excess of these amounts. At
December 31, 2025 and 2024, the Company had
accrued
$
3.1
million
and
$
2.7
million,
respectively,
for
claims
incurred
but
not
paid
based
on
management’s
estimate of
the Company’s
self-insured liability.
For the
years ended
December 31,
2025, 2024
and 2023,
the
Company incurred
claims, premium
expenses and
administrative fees
related to
this plan totaled
$
43.9
million,
$
40.2
million and $
35.0
million, respectively.