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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 550,785 $ 477,915 $ 1,051,537 $ 945,513
Costs and expenses:        
Cost of services, exclusive of depreciation and amortization 389,334 339,273 746,435 676,263
General and administrative, exclusive of depreciation and amortization [1] 52,931 36,828 99,644 73,737
Depreciation and amortization 18,998 17,870 35,617 36,355
Total costs and expenses 461,263 393,971 881,696 786,355
Other operating income 20 0 20 284
Income from operations 89,542 83,944 169,861 159,442
Other income and expense:        
Loss on early retirement of debt 0 0 (875) 0
Equity in losses of unconsolidated subsidiaries 0 (3,676) 0 (3,676)
Interest (expense) income (28,193) 205 (53,741) 94
Income before income taxes 61,349 71,155 115,245 136,571
Income tax expense 15,155 18,096 28,409 33,233
Net income 46,194 53,059 86,836 103,338
Less: net income attributable to non-controlling interests 1,634 1,322 3,365 2,645
Net income attributable to the Company $ 44,560 $ 51,737 $ 83,471 $ 100,693
Earnings per common share (Note 10):        
Basic (in dollars per share) $ 0.35 $ 0.50 $ 0.65 $ 0.97
Diluted (in dollars per share) $ 0.35 $ 0.50 $ 0.65 $ 0.97
Related Party        
Other income and expense:        
Interest expense on related party debt $ 0 $ (9,318) $ 0 $ (19,289)
[1] Includes transition services agreement fees of $3.5 million and $7.2 million for the three and six months ended June 30, 2025, and shared service fees from a related party of $3.8 million and $7.7 million for the three and six months ended June 30, 2024. See Note 11—“Relationship with Select”, for additional information.