Commitments and Contingencies |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments and Contingencies | 14. COMMITMENTS AND CONTINGENCIES Leases—The Company leases office facilities over various terms expiring through 2040. Certain of these operating leases contain rent escalation clauses. The Company also has office equipment leases that expire through 2045 (Notes 6 and 12). Other Commitments—The Company has commitments under the 2025 Credit Facility, its Aircraft Loan, its equipment line of credit and its lease obligations (Notes 6 and 12). The Company entered into a purchase contract to purchase a total of $4.9 million of equipment over the course of 7 years that commenced on July 1, 2024. The contract originally included a minimum spending requirement per year, measured from the commencement date and each anniversary thereof. The minimum spend requirement was $0.4 million and $0.9 million for 2026 and 2027, respectively, with the remainder subject to mutual agreement after 2027. On July 27, 2026, the Company amended the contract to remove the minimum spending requirement. As a result, the Company has no remaining obligation to purchase any minimum amount of equipment under the contract. No purchases were made during the three and nine months ended September 30, 2026. Amounts purchased for the three and nine months ended September 30, 2025 were $0.4 million and $0.6 million, respectively. Contingencies—The Company is subject to purchase price contingencies related to earn-outs associated with certain acquisitions (Notes 7 and 13). Legal—In the normal course of business, the Company is at times subject to pending and threatened legal actions. In management’s opinion, any potential loss resulting from the resolution of these matters is not expected to have a material effect on the unaudited condensed consolidated results of operations, financial position or cash flows of the Company. |