| Summary of Operating Segment Revenue, Net Income |
The following reconciliation presents operating segment revenue, net income, and significant segment expenses: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | (in thousands) | 2025 | | 2026 | | 2025 | | 2026 | | Revenue | $ | 377,427 | | | $ | 371,070 | | | $ | 1,051,069 | | | $ | 1,059,433 | | | Less: | | | | | | | | | Employee expenses (excluding share-based compensation expense) | 80,496 | | 88,855 | | 228,518 | | 256,048 | | Share-based compensation expense | 4,356 | | | 2,735 | | 12,770 | | | 7,528 | | Other segment items (1) | 269,946 | | 247,394 | | | 750,361 | | 703,594 | | | Depreciation and amortization | 5,838 | | 5,932 | | 16,594 | | 17,716 | | Interest expense | 160 | | | 177 | | | 502 | | | 485 | | | Income taxes | 7,038 | | 6,857 | | 14,631 | | 19,277 | | Segment net income | $ | 9,593 | | | $ | 19,120 | | | $ | 27,693 | | | $ | 54,785 | | | | | | | | | | | Reconciliation of net income to consolidated statements of operations | | | | | | | | | Adjustments and reconciling items | — | | | — | | | — | | | — | | | Consolidated net income | $ | 9,593 | | | $ | 19,120 | | | $ | 27,693 | | | $ | 54,785 | |
(1) Other segment items included in operating segment net income include product expenses, legal expenses and settlements, rent and auto lease expenses, utilities expenses, maintenance expenses, and other overhead expenses.
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