EQUITY METHOD INVESTMENT |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Equity Method Investments and Joint Ventures [Abstract] | |
| EQUITY METHOD INVESTMENTS | NOTE 4 — EQUITY METHOD INVESTMENTS On December 29, 2025, the Company acquired 10,732,089 common units of OT Midco Holdings, LLC (“OT Midco”), representing approximately 18.2% of the voting interest in OT Midco, for a total consideration of $20.3 million, including transaction costs of approximately $0.3 million. The CEO of the Company was designated by the Company as a director of the investee. OT Midco is an intermediate holding company of Orange Twist, LLC and its subsidiaries (collectively, “OrangeTwist”). Through this investment, the Company holds an indirect minority interest in OrangeTwist. The Company recognizes its portion of the earnings or losses for its equity method investment in OT Midco on a three-month lag. For the three and six months ended June 30, 2026, the Company recorded equity in losses of equity method investee, net of tax of $0.6 million. As of June 30, 2026 and December 31, 2025, the carrying value of the investment in OT Midco was $19.7 million and $20.3 million, respectively. |