UNIT-BASED COMPENSATION EXPENSE |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Compensation Related Costs [Abstract] | |
| UNIT-BASED COMPENSATION EXPENSE | NOTE 12 — UNIT-BASED COMPENSATION EXPENSEFor the three months ended March 31, 2026, unit-based compensation expense related to Class B-1 and Class B-2 Profits Interest Units (“PIUs”) of $2.8 million was classified as Selling, general, and administrative expense, $1.4 million was classified as Direct costs, and $0.3 million was capitalized into Property and equipment as part of the Company’s construction projects. The total fair value of units that vested during the three months ended March 31, 2026 was $4.5 million. As of March 31, 2026, the Company had $27.8 million of unrecognized unit-based compensation that is expected to be recognized over a weighted average period of 2.1 years. For the three months ended March 31, 2025, unit-based compensation expense and the total fair value of PIUs that vested were both immaterial. See Note 18 — Subsequent Events for information regarding equity awards granted in connection with the IPO in April 2026. |