Commitments and Contingencies

6 Months Ended

Jun. 30, 2017

Commitments and Contingencies.

Commitments and Contingencies

NOTE 10. COMMITMENTS AND CONTINGENCIES

Legal Matters

From time to time, the Company is involved in various legal matters arising in the normal course of business. The Company does not believe that the ultimate resolution of these matters will have a material adverse effect on its condensed combined consolidated financial position or results of operations.

Employee Severance

In March 2017, Ranger Services terminated the employment of one of its officers. As a result, the former officer became entitled to severance payments of $0.7 million. In addition during the six months ended June 30, 2017 Ranger Services severed other officers and employees. As of June 30, 2017 Ranger Services has $1.0 million of severance liability recorded in the accompanying condensed combined consolidated financial statements.