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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay versus Performance

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, we are providing the following information about the relationship between executive compensation actually paid and our financial performance. For further information concerning our variable pay-for-performance philosophy and how we align executive compensation with our performance, see the section titled “Compensation Discussion and Analysis.” Fair value amounts below are computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under generally accepted accounting principles. TSR has been calculated in a manner consistent with Item 402(v) of Regulation S-K.


										Value of Initial Fixed $100 Investment Based On:
Year(1)	Summary Compensation Table Total for PEO ($)		Compensation Actually Paid to PEO(2)(3)(4) ($)		Average Summary Compensation Table Total for Non-PEO NEOs ($)		Average Compensation Actually Paid to Non-PEO NEOs(2)(3)(4) ($)			Total Stockholder Return(5) ($)		Peer Group Total Stockholder Return(6) ($)		Net Income (millions) ($)		Company-Selected Measure(7) (millions) ($)
(a)	(b)		(c)		(d)		(e)			(f)		(g)		(h)		(i)
2025		5,970,004		1,455,319		1,839,272		(156,561	)		166.99		104.70		136.6		415.9
2024		5,562,902		4,434,413		1,809,258		1,606,897			180.18		101.49		31.4		401.6
2023		9,205,894		17,174,992		3,604,195		5,512,630			171.61		95.12		57.0		371.5
2022		4,253,168		3,980,694		1,922,602		1,580,113			103.06		80.48		92.5		338.5
2021		3,469,301		5,242,754		1,189,717		1,237,959			114.98		96.46		41.4		270.9

(1)

Our PEO for each of 2025, 2024, 2023, 2022 and 2021 was David M. Roberts. The non-PEO named executive officers (the “non-PEO NEOs”) included in the compensation columns above reflect the following: 2025 – Craig C. Conti, Jonathan Baldwin, Jonathan Keyser, Stacey Moser, and Steve Lalla, 2024 – Craig C. Conti, Jonathan Baldwin, Jonathan Keyser, and Steve Lalla, 2023 – Craig C. Conti, Jonathan Baldwin, Jonathan Keyser, and Steve Lalla, 2022 – Craig C. Conti, Norman (Adam) Blake, Jonathan Baldwin, Patricia Chiodo, Rebecca Collins, and Steve Lalla, and 2021 – Steve Lalla, Norman (Adam) Blake, Patricia Chiodo, Rebecca Collins, Garrett Miller, and Mark Talbot.

(2)

Fair value or change in fair value, as applicable, of equity awards in the “Actually Paid” columns was determined by reference to (1) for RSUs, closing price on applicable year-end date(s) or, in the case of vesting dates, the actual vesting price, (2) for PSUs, the fair value calculated by a Monte Carlo simulation model as of the applicable year-end date(s), and (3) for stock options, a Black-Scholes value as of the applicable year-end or vesting date(s), determined using methodologies that are consistent with the original valuation assumptions upon grant, the circumstances of the grant at the measurement date, and other relevant factors under United States generally accepted accounting principles.

(3)

For the portion of “Actually Paid” compensation that is based on year-end stock prices, a price of $22.41 was used as of December 31, 2025. Option valuations for 2025 assumed an expected life between 1.4 and 3.3 years. Option and PSU valuations for 2025 assumed an expected volatility between 24% and 37% and a risk-free rate between 3.4% and 3.9%. All valuations of equity awards were estimated using assumptions and methodologies substantially consistent with those used at grant. These methodologies are consistent with the principles in ASC Topic 718. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the non-PEO NEOs as set forth below.

(4)

The dollar amounts reported in the column “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” are computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. No equity incentive awards were modified in 2021, 2022, 2023, 2024, or 2025. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to total compensation (as shown in the Summary Compensation Table) for the most recent year to determine the compensation actually paid:


Year	2025
	PEO			Avg. Non- PEO NEOs
Summary Compensation Table Total ($)		5,970,004			1,839,272
Less: Grant Date Fair Value of Equity Awards Granted in the Fiscal Year ($)		(4,499,734	)		(1,099,971	)
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year ($)		4,352,201			846,472
Less: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years ($)		(4,192,724	)		(822,893	)
Less: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year ($)		(174,426	)		(23,098	)
Plus: Fair Value at Vesting of Equity Awards Granted and Vested during the Fiscal Year		—			—
Less: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions during the Fiscal Year		—			(896,343	)
Less: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation		—			—
Compensation Actually Paid ($)		1,455,319			(156,561	)

(5)

Cumulative TSR represents the cumulative return on a fixed investment of $100 in the Company’s stock, for the period beginning on the last trading day of fiscal year 2020 through the end of the applicable fiscal year in the table, assuming reinvestment of dividends. We have never declared or paid cash dividends on our capital stock.

(6)

Our peer group as reflected in the stock performance graph in our 2021, 2022, 2023, 2024, and 2025 Forms 10-K is the S&P Composite 1500 Data Processing & Outsourced Services Index.

(7)

Our Company-Selected Measure is Adjusted EBITDA, a non-GAAP measure. Adjusted EBITDA is calculated as net income adjusted to exclude interest expense, net, income taxes, depreciation and amortization. Adjusted EBITDA further excludes certain non-cash expenses and other transactions that management believes are not indicative of our ongoing operating performance.

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

(1)

Peer Group Issuers, Footnote

(6)

Our peer group as reflected in the stock performance graph in our 2021, 2022, 2023, 2024, and 2025 Forms 10-K is the S&P Composite 1500 Data Processing & Outsourced Services Index.

PEO Total Compensation Amount

$ 5,970,004

$ 5,562,902

$ 9,205,894

$ 4,253,168

$ 3,469,301

PEO Actually Paid Compensation Amount

$ 1,455,319

4,434,413

17,174,992

3,980,694

5,242,754

Adjustment To PEO Compensation, Footnote

(4)


Year	2025
	PEO			Avg. Non- PEO NEOs
Summary Compensation Table Total ($)		5,970,004			1,839,272
Less: Grant Date Fair Value of Equity Awards Granted in the Fiscal Year ($)		(4,499,734	)		(1,099,971	)
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year ($)		4,352,201			846,472
Less: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years ($)		(4,192,724	)		(822,893	)
Less: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year ($)		(174,426	)		(23,098	)
Plus: Fair Value at Vesting of Equity Awards Granted and Vested during the Fiscal Year		—			—
Less: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions during the Fiscal Year		—			(896,343	)
Less: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation		—			—
Compensation Actually Paid ($)		1,455,319			(156,561	)

Non-PEO NEO Average Total Compensation Amount

$ 1,839,272

1,809,258

3,604,195

1,922,602

1,189,717

Non-PEO NEO Average Compensation Actually Paid Amount

$ (156,561)

1,606,897

5,512,630

1,580,113

1,237,959

Adjustment to Non-PEO NEO Compensation Footnote

(4)


Year	2025
	PEO			Avg. Non- PEO NEOs
Summary Compensation Table Total ($)		5,970,004			1,839,272
Less: Grant Date Fair Value of Equity Awards Granted in the Fiscal Year ($)		(4,499,734	)		(1,099,971	)
Plus: Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year ($)		4,352,201			846,472
Less: Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years ($)		(4,192,724	)		(822,893	)
Less: Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year ($)		(174,426	)		(23,098	)
Plus: Fair Value at Vesting of Equity Awards Granted and Vested during the Fiscal Year		—			—
Less: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions during the Fiscal Year		—			(896,343	)
Less: Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation		—			—
Compensation Actually Paid ($)		1,455,319			(156,561	)

Equity Valuation Assumption Difference, Footnote

(3)

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid (“CAP”) versus TSR

The following graph compares the amount of compensation actually paid to Mr. Roberts and the average amount of compensation actually paid to our non-PEO NEOs as a group (excluding Mr. Roberts) to our TSR over the applicable periods.

y TSR

Compensation Actually Paid vs. Net Income

Compensation Actually Paid versus Net Income

CAP vs. Net Income ($M)

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid versus Company Selected Measure

Company TSR vs Peer TSR

CAP vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Company TSR versus Peer TSR

The following graph compares our TSR to the TSR of our peer group, the S&P Composite 1500 Data Processing & Outsources Services Index, over the applicable periods.

Tabular List, Table

List of Most Important Financial Performance Measures

The following list outlines what we believe to be the most important performance measures we used to link our named executive officers’ compensation actually paid to our performance for the most recently completed fiscal year:

•

Consolidated and business segment revenue;

•

Consolidated and business segment Adjusted EBITDA; and

•

Individual performance factor representing achievement against key strategic objectives.

Total Shareholder Return Amount

$ 166.99

180.18

171.61

103.06

114.98