RELATED-PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| RELATED-PARTY TRANSACTIONS | |
| RELATED-PARTY TRANSACTIONS | 15.RELATED-PARTY TRANSACTIONS We have lease agreements with entities that are minority owned by certain practicing dentists and officers of the Company. Total lease liabilities for these properties were $21,143 at June 30, 2026, and $23,161 at December 31, 2025. Lease cost of $469 and $509 was recognized for these properties for the three months ended June 30, 2026 and 2025, respectively, and were $938 and $944 for the six months ended June 30, 2026 and 2025, respectively. As described in Note 9 — Long-term debt, we have outstanding subordinated notes payable. A portion of these subordinated notes are due to certain related parties, the principal balance of which is $2,012, due at maturity and interest due quarterly through October 1, 2037. In connection with the vesting of certain equity awards upon the consummation of the Company’s initial public offering, the Company made loans to eleven affiliated shareholder doctors, evidenced by promissory notes, to provide liquidity for tax obligations arising from such vesting. The loans, which were not available to executive officers or directors, were capped at 31% of the value of the vested shares, bear interest at 3.66% per annum, and are due no later than January 2027. Participating shareholders are subject to a 365 day lockup restriction while these loans remain outstanding. The aggregate principal amount outstanding under these promissory notes was $600 as of June 30, 2026, and was presented within Prepaid expenses and other current assets on the condensed consolidated balance sheet. No amounts were outstanding as of December 31, 2025. |