Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 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		6,796			103			311			7,210
Write-offs, net of recoveries		(9,755	)		(49	)		1			(9,803	)
Balance at June 30, 2026	$	18,571		$	440		$	1,400		$	20,411

	Commercial			Government			Parking
($ in thousands)	Services(1)			Solutions			Solutions			Total
Balance at January 1, 2025	$	16,038		$	332		$	648		$	17,018
Credit loss expense		12,938			49			869			13,856
Write-offs, net of recoveries		(8,857	)		5			(324	)		(9,176	)
Balance at June 30, 2025	$	20,119		$	386		$	1,193		$	21,698

(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 84% and 85% of the total Commercial Services allowance for credit losses as of June 30, 2026 and 2025, respectively.