Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

Summary of Activity in Allowance for Credit Loss

The following presents the activity in the allowance for credit losses by reportable segment for the three months ended March 31, 2026 and 2025, respectively:


	Commercial			Government			Parking
($ in thousands)	Services(1)			Solutions			Solutions			Total
Balance at January 1, 2026	$	21,530		$	386		$	1,088		$	23,004
Credit loss expense		2,524			47			64			2,635
Write-offs, net of recoveries		(5,600	)		(48	)		(1	)		(5,649	)
Balance at March 31, 2026	$	18,454		$	385		$	1,151		$	19,990

	Commercial			Government			Parking
($ in thousands)	Services(1)			Solutions			Solutions			Total
Balance at January 1, 2025	$	16,038		$	332		$	648		$	17,018
Credit loss expense		6,815			75			1,225			8,115
Write-offs, net of recoveries		(6,179	)		(25	)		(219	)		(6,423	)
Balance at March 31, 2025	$	16,674		$	382		$	1,654		$	18,710

(1)

This primarily consists of receivables from drivers of rental cars for which the Company bills on behalf of its customers. Receivables not collected from drivers within a defined number of days are transferred to customers subject to applicable bad debt sharing agreements. The allowance for credit losses for driver-billed receivables was 82% of the total Commercial Services allowance for credit losses as of both March 31, 2026 and 2025.