Financial Instruments and Contingent Consideration (Tables)

6 Months Ended

Jun. 30, 2026

Estimated Fair Value of Financial Instruments

The estimated fair values of our financial instruments and contingent consideration are as follows:


	June 30, 2026						December 31, 2025
	Carrying Amount			Estimated Fair Value			Carrying Amount			Estimated Fair Value
Liabilities, net:
Total long-term debt, including current portion	$	(492.0	)	$	(492.0	)	$	(406.7	)	$	(406.7	)
Interest rate swap contracts		(0.5	)		(0.5	)		(3.4	)		(3.4	)
Acquisition-related contingent consideration		(3.2	)		(3.2	)		(3.4	)		(3.4	)

Schedule of Acquisition Related Contingent Consideration Liabilities

The classification of acquisition-related contingent consideration liabilities on our Condensed Consolidated Balance Sheets is summarized below:


Balance Sheet Location	June 30, 2026		December 31, 2025
Accounts payable and accrued expenses (1)	$	-	$	1.5
Other long-term liabilities (2)		3.2		1.9

(1)

Acquisition-related contingent consideration related to financial and performance milestones for the July 2023 acquisition of BOK Modern, LLC (“BOK”) as of December 31, 2025.

(2)

Acquisition-related contingent consideration related to future financial and performance milestones for the February 2026 acquisition of Eventscape, the September 2025 acquisition of Geometrik and the October 2023 acquisition of Insolcorp, LLC (“Insolcorp”) as of June 30, 2026, and future financial and performance milestones for the Geometrik and Insolcorp acquisitions as of December 31, 2025.

Schedule of Fair Value, Liabilities Measured on Recurring Basis

The fair value measurement of assets and liabilities measured at fair value on a recurring basis and reported on the Condensed Consolidated Balance Sheets is summarized below:


	June 30, 2026						December 31, 2025
	Fair value based on						Fair value based on
	Other observable inputs			Other unobservable inputs			Other observable inputs			Other unobservable inputs
	Level 2			Level 3			Level 2			Level 3
Liabilities, net:
Interest rate swap contracts	$	(0.5	)	$	-		$	(3.4	)	$	-
Acquisition-related contingent consideration		-			(3.2	)		-			(1.9	)

Schedule of Weighted-average Of Significant Unobservable Inputs

The following table summarizes the weighted-average of the significant unobservable inputs as of June 30, 2026:


	Eventscape			Geometrik			Insolcorp
Unobservable input
Volatility		25.4	%		23.6	%		26.5	%
Risk-free rate		4.2	%		4.1	%		4.1	%

Schedule of Changes in Fair Value of the Acquisition-related Contingent Consideration Liability

The changes in fair value of the acquisition-related contingent consideration liabilities for the three and six months ended June 30, 2026 and 2025 were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026			2025
Fair value of contingent consideration as of beginning of period	$	2.3	$	2.0	$	3.4		$	3.2
Cash consideration paid		-		-		(1.5	)		(1.5	)
Acquisition date fair value of Eventscape contingent consideration		-		-		0.4			-
Loss related to change in fair value of contingent consideration, net		0.9		0.1		0.9			0.4
Fair value of contingent consideration as of end of period	$	3.2	$	2.1	$	3.2		$	2.1