Property and Equipment |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant, and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment | Note 7—Property and Equipment Property and equipment are recorded at cost. Depreciation is recorded over the estimated useful life of each class of depreciable asset and is computed using the straight-line method. Leasehold improvements are amortized over the shorter of the estimated asset life or term of the lease. Repairs and maintenance costs are charged to expense as incurred. The following table sets forth the amounts of property and equipment by each class of depreciable asset as of September 30, 2026 and December 31, 2025:
1.Includes furniture and fixtures, leasehold improvements, automobiles and trucks. 2.Includes $16.5 million and $16.7 million related to accumulated depreciation on Operating lease – right-of-use assets as of September 30, 2026 and December 31, 2025, respectively. Depreciation expense was $3.2 million and $9.1 million for the three and nine months ended September 30, 2026, respectively. Depreciation expense was $3.4 million and $9.8 million for the three and nine months ended September 30, 2025. Of the depreciation expense recorded for the three and nine months ended September 30, 2026, $1.9 million and $5.2 million was related to the depreciation of the Company’s operating lease - right-of-use assets (“ROU Assets”) respectively. Of the depreciation expense recorded for the three and nine months ended September 30, 2025, $2.1 million and $6.3 million was related to the depreciation of the Company’s ROU Assets. At September 30, 2026 and 2025, accrued purchases of property and equipment were $0.8 million and $0.4 million, respectively.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||