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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Disclosure of Share-based Compensation Expense | Share-based compensation expense is recognized in the Consolidated Statements of Operations as follows:
|  | Years Ended December 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Selling, general, and administrative expenses |  | $ | 54,553 |  |  | $ | 48,745 |  |  | $ | 38,626 |
Income (loss) from discontinued operations, net of tax |  | — |  |  | (132) |  |  | 12,511 |
Total share-based compensation expense |  | $ | 54,553 |  |  | $ | 48,613 |  |  | $ | 51,137 |
Summary of Related 2018 Plan Top-up Options Activity | The following table summarizes activity related to the Top-up Options:
|  | Service Tranche |  | Performance Tranche |  |  |  |
|  | Number of Top-up Options |  | Weighted-Average Exercise Price |  | Number of Top-up Options |  | Weighted-Average Exercise Price |  | Aggregate Intrinsic Value(1) (in thousands) |  | Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2024 |  | 5,955,254 |  |  | $ | 13.30 |  |  | 5,624,601 |  |  | $ | 13.30 |  |  |  |  |
Exercised |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Forfeited |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Outstanding as of December 31, 2025 |  | 5,955,254 |  |  | $ | 13.30 |  |  | 5,624,601 |  |  | $ | 13.30 |  |  | — |  |  | 2.0
Exercisable as of December 31, 2025(2) |  | 5,955,254 |  |  | $ | 13.30 |  |  | 3,528,647 |  |  | $ | 13.30 |  |  | — |  |  | 2.0
________________________ (1) The intrinsic value represents the amount by which the fair value of the Company’s Common Stock exceeds the option exercise price as of December 31, 2025. (2) During 2025, certain of the performance tranche of the Top-up Options were modified in a manner that resulted in such awards immediately vesting and becoming exercisable. The following table summarizes activity related to 2018 Plan options during 2025:
|  | Number of Options |  | Weighted-Average Exercise Price |  | Aggregate Intrinsic Value(1) (in thousands) |  | Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2024 |  | 21,249,710 |  |  | $ | 6.77 |  |  |  |  |
Granted |  | 8,662,363 |  |  | 7.61 |  |  |  |  |
Exercised |  | (3,085,069) |  |  | 6.25 |  |  |  |  |
Forfeited |  | (1,654,525) |  |  | 8.12 |  |  |  |  |
Outstanding as of December 31, 2025 |  | 25,172,479 |  |  | $ | 6.97 |  |  | $ | 36,267 |  |  | 6.3
Exercisable as of December 31, 2025 |  | 13,360,516 |  |  | $ | 6.73 |  |  | $ | 26,499 |  |  | 4.1
________________________ (1) The intrinsic value represents the amount by which the fair value of the Company’s Common Stock exceeds the option exercise price as of December 31, 2025.
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The Company used a binomial lattice model to determine the grant date fair value for options granted in 2025 based on the following assumptions:
| Years Ended December 31,
| 2025 |  | 2024 |  |
Expected exercise term (years) | 6 - 7 |  | 7 |  |
Expected volatility(1) | 41.7% - 42.3% |  | 49.9% |  |
Expected dividend yield(2) | 2.8% - 2.9% |  | 3.4% |  |
Risk-free interest rate(3) | 4.2% - 4.2% |  | 4.0% |  |
________________________ (1) Estimated using historical and implied stock price volatility of the Company. (2) Calculated by taking the annual dividend run-rate and dividing by the stock price at date of grant. (3) Based on the U.S. Treasury yield curve.
Summary of Related 2018 Plan RSUs Activity | The following table summarizes activity related to the 2018 Plan RSUs (including DEUs) during 2025:
|  | Number of RSUs |  | Weighted-Average Grant Date Fair Value
Unvested as of December 31, 2024 |  | 8,264,015 |  |  | $ | 7.14 |
Granted |  | 4,214,266 |  |  | 7.69 |
Vested |  | (3,641,618) |  |  | 7.36 |
Forfeited |  | (854,723) |  |  | 6.95 |
Unvested as of December 31, 2025 |  | 7,981,940 |  |  | $ | 7.31 |

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