v3.26.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Financial Information by Segment
The following tables set forth financial information by segment for the respective periods:
For the Three Months Ended September 30, 2026
($ in thousands)Commercial
Services		Government
Solutions		Parking
Solutions		Total
Service revenue$100,333 $122,463 $17,109 $239,905 
Product sales— 14,382 4,588 18,970 
Total revenue100,333 136,845 21,697 258,875 
Cost of service revenue, excluding depreciation and amortization575 10,031 4,282 14,888 
Cost of product sales— 13,878 3,760 17,638 
Operating expenses25,304 58,847 4,731 88,882 
Selling, general and administrative expenses17,643 14,593 5,327 37,563 
Loss (gain) on disposal of assets, net— 733 (8)725 
Other (income) expense, net(4,517)(356)116 (4,757)
Segment profit$61,328 $39,119 $3,489 $103,936 
Interest expense, net15,027 
Other reconciling items (1)
33,632 
Income before income taxes$55,277 
(1)This consists of depreciation and amortization expense, stock-based compensation, and other costs to reconcile to total income before income taxes.
For the Three Months Ended September 30, 2025
($ in thousands)Commercial
Services		Government
Solutions		Parking
Solutions		Total
Service revenue$117,296 $108,293 $17,630 $243,219 
Product sales— 14,267 4,452 18,719 
Total revenue117,296 122,560 22,082 261,938 
Cost of service revenue, excluding depreciation and amortization624 4,200 4,422 9,246 
Cost of product sales— 9,484 3,342 12,826 
Operating expenses26,417 55,968 4,199 86,584 
Selling, general and administrative expenses18,036 21,095 6,374 45,505 
Loss on disposal of assets, net7 723 — 730 
Other income, net(6,072)(221)(5)(6,298)
Segment profit$78,284 $31,311 $3,750 $113,345 
Interest expense, net16,421 
Loss on extinguishment of debt21 
Other reconciling items (1)
32,238 
Income before income taxes$64,665 
(1)This consists of depreciation and amortization expense, stock-based compensation, and other costs to reconcile to total income before income taxes.
For the Nine Months Ended September 30, 2026
($ in thousands)Commercial
Services		Government
Solutions		Parking
Solutions		Total
Service revenue$313,201 $335,586 $51,220 $700,007 
Product sales— 35,103 10,924 46,027 
Total revenue313,201 370,689 62,144 746,034 
Cost of service revenue, excluding depreciation and amortization1,506 23,687 11,296 36,489 
Cost of product sales— 30,001 9,962 39,963 
Operating expenses72,181 175,461 14,694 262,336 
Selling, general and administrative expenses53,015 50,244 16,847 120,106 
Loss on disposal of assets, net2 1,420 5 1,427 
Other (income) expense, net(13,840)(1,219)157 (14,902)
Segment profit$200,337 $91,095 $9,183 $300,615 
Interest expense, net45,920 
Goodwill impairment64,037 
Impairment of intangible assets40,354 
Other reconciling items (1)
96,765 
Income before income taxes$53,539 
(1)This consists of depreciation and amortization expense, stock-based compensation, and other costs to reconcile to total income before income taxes.
For the Nine Months Ended September 30, 2025
($ in thousands)Commercial
Services		Government
Solutions		Parking
Solutions		Total
Service revenue$327,735 $300,246 $50,617 $678,598 
Product sales— 31,236 11,383 42,619 
Total revenue327,735 331,482 62,000 721,217 
Cost of service revenue, excluding depreciation and amortization1,862 5,236 11,560 18,658 
Cost of product sales— 21,047 8,757 29,804 
Operating expenses71,996 155,344 11,699 239,039 
Selling, general and administrative expenses56,441 58,058 20,132 134,631 
Loss on disposal of assets, net7 1,365 — 1,372 
Other income, net(15,994)(379)(20)(16,393)
Segment profit$213,423 $90,811 $9,872 $314,106 
Interest expense, net49,629 
Loss on extinguishment of debt69 
Other reconciling items (1)
102,308 
Income before income taxes$162,100 
(1)This consists of depreciation and amortization expense, stock-based compensation, and other costs to reconcile to total income before income taxes.
Revenue from International Customers The following table details the revenues from international operations for the respective periods:
Three Months Ended September 30,Nine Months Ended September 30,
($ in thousands)2026202520262025
Australia$14,297 $16,644 $41,787 $49,221 
United Kingdom7,055 8,588 18,585 22,485 
Canada4,022 7,962 14,685 23,232 
All other2,940 2,507 6,403 5,370 
Total international revenues$28,314 $35,701 $81,460 $100,308