v3.26.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability [Table Text Block]
Contract Balances
The Company’s contract assets consist of unbilled tariff recoveries from customers and unbilled amounts associated with variable pricing arrangements. These amounts are recognized as contract assets until the applicable tariff recoveries and pricing are finalized and invoiced, at which time they are reclassified to accounts receivable. As a result, contract asset balances are impacted by the timing of tariff recoveries invoicing, revenue recognition, customer billings, and changes in foreign exchange rates. Contract assets were not materially impacted by any other factors during the six months ended June 30, 2026. As of June 30, 2026 and December 31, 2025, the Company had $21,676 and $9,346, respectively, of contract assets recorded in other current assets in the condensed consolidated balance sheets.
The Company’s contract liabilities consist of advance payments received and due from customers. As of June 30, 2026 and December 31, 2025, the Company did not have any contract liabilities recorded in the condensed consolidated balance sheets.