v3.26.1
Liabilities Related to Sale of Commissions Receivable (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of liabilities related to sale of commissions receivable

The table below shows the activity of the liabilities related to sale of commissions receivable (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Beginning balance

 

$

21,183

 

 

$

32,345

 

 

$

24,259

 

 

$

33,545

 

Non-cash interest expense

 

 

451

 

 

 

646

 

 

 

948

 

 

 

1,619

 

Repayment of liabilities related to sale of commissions receivable

 

 

(3,405

)

 

 

(2,538

)

 

 

(6,978

)

 

 

(4,711

)

Ending balance

 

$

18,229

 

 

$

30,453

 

 

$

18,229

 

 

$

30,453

 

Less: Liabilities related to sale of commissions receivable, current

 

 

9,491

 

 

 

12,267

 

 

 

9,491

 

 

 

12,267

 

Liabilities related to sale of commissions receivable, non-current

 

$

8,738

 

 

$

18,186

 

 

$

8,738

 

 

$

18,186