v3.26.1
50% OWNED SUBSIDIARY (Tables)
6 Months Ended
Jun. 30, 2026
Noncontrolling Interest [Abstract]  
Schedule of Equity Method Investments Financial amounts of RHB and the Company’s share of such amounts are shown below:
(In thousands)June 30, 2026December 31, 2025
Current assets - RHB’s Balance Sheets$115,266 $118,101 
Current liabilities - RHB’s Balance Sheets$121,910 $123,940 
Investment in unconsolidated RHB subsidiary - Sterling’s Balance Sheets (1)
$101,040 $105,813 
(1) Includes a basis difference of $87.6 million and $91.9 million at June 30, 2026 and December 31, 2025, respectively.
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2026202520262025
RHB’s Statements of Operations
Revenues$63,272 $61,321 $107,324 $104,767 
Income before tax$13,037 $11,865 $20,666 $19,940 
Sterling’s Statements of Operations
Revenues$— $— $— $— 
Income before tax (1)
$4,372 $3,785 $6,040 $5,677 
(1) For each of the three and six months ended June 30, 2026 and 2025, Sterling’s portion of income before tax includes approximately $1.9 million and $3.7 million, respectively, of intangible asset amortization and approximately $275 thousand and $550 thousand, respectively, of depreciation expense related to the basis difference recognized in the deconsolidation of RHB on December 31, 2024.