XML 67 R58.htm IDEA: XBRL DOCUMENT v3.26.1
Reportable Segments - Schedule of Adjusted EBITDA Reconciled to Net Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting Information [Line Items]            
Total revenues $ 448,763   $ 390,633   $ 833,964 $ 745,221
Segment Adjusted EBITDA 128,521   113,946   233,808 206,058
Interest expense, net 31,608   44,785   61,449 91,365
Provision (benefit) for income taxes 8,142   (7,610)   9,279 (5,379)
Loss on extinguishment of debt 359   254   733 254
Depreciation and amortization 61,893   61,906   124,083 123,572
Share-based compensation 5,240   5,742   9,670 13,709
Transaction and acquisition-related charges [1] 497   2,390   1,062 6,386
Integration, restructuring, and other charges [2] $ 3,868   $ 6,171   $ 8,450 $ 17,037
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Net income (loss)   Net income (loss)   Net income (loss) Net income (loss)
Net income (loss) $ 16,914 $ 2,168 $ 308 $ (41,194) $ 19,082 $ (40,886)
Intersegment Revenues [Member]            
Segment Reporting Information [Line Items]            
Total revenues (1,688)   (2,534)   (3,172) (4,592)
Total Revenues [Member]            
Segment Reporting Information [Line Items]            
Total revenues 450,451   393,167   837,136 749,813
First Advantage Americas [Member]            
Segment Reporting Information [Line Items]            
Total revenues 215,999   162,861   388,265 307,723
Adjusted cost of services 113,125   82,994   203,301 157,177
Other segment items 39,826   29,250   72,633 60,113
Segment Adjusted EBITDA 63,816   51,260   113,567 91,567
First Advantage Americas [Member] | Intersegment Revenues [Member]            
Segment Reporting Information [Line Items]            
Total revenues (768)   (643)   (1,236) (1,134)
First Advantage Americas [Member] | Total Revenues [Member]            
Segment Reporting Information [Line Items]            
Total revenues 216,767   163,504   389,501 308,857
First Advantage International [Member]            
Segment Reporting Information [Line Items]            
Total revenues 23,251   24,367   45,676 46,879
Adjusted cost of services 13,890   14,530   27,682 28,378
Other segment items 9,389   7,050   17,685 13,611
Segment Adjusted EBITDA 1,343   4,340   2,815 7,706
First Advantage International [Member] | Intersegment Revenues [Member]            
Segment Reporting Information [Line Items]            
Total revenues (1,371)   (1,553)   (2,506) (2,816)
First Advantage International [Member] | Total Revenues [Member]            
Segment Reporting Information [Line Items]            
Total revenues 24,622   25,920   48,182 49,695
Sterling [Member]            
Segment Reporting Information [Line Items]            
Total revenues 209,513   203,405   400,023 390,619
Adjusted cost of services 120,396   112,621   232,000 217,423
Other segment items 25,304   32,776   50,027 67,053
Segment Adjusted EBITDA 63,362   58,346   117,426 106,785
Transaction and acquisition-related charges 300   2,300   500 6,100
Integration, restructuring, and other charges 2,200   3,700   3,600 11,600
Sterling [Member] | Intersegment Revenues [Member]            
Segment Reporting Information [Line Items]            
Total revenues 451   (338)   570 (642)
Sterling [Member] | Total Revenues [Member]            
Segment Reporting Information [Line Items]            
Total revenues $ 209,062   $ 203,743   $ 399,453 $ 391,261
[1] Represents charges incurred related to acquisitions and similar transactions, primarily consisting of change in control-related costs, professional service fees, and other third-party costs. Transaction and acquisition related charges for the three and six months ended June 30, 2026 include approximately $0.3 million and $0.5 million, respectively, of expense associated with the Sterling Acquisition. Transaction and acquisition related charges for the three and six months ended June 30, 2025 include approximately $2.3 million and $6.1 million, respectively, of expense associated with the Sterling Acquisition.
[2] Represents charges from organizational restructuring and integration activities, non-cash, and other charges primarily related to nonrecurring legal exposures, foreign currency (gains) losses, (gains) losses on the sale of assets, and other non-recurring items. Integration, restructuring, and other charges for the three and six months ended June 30, 2026 include approximately $2.2 million and $3.6 million, respectively, of expense associated with the integration of Sterling. Integration, restructuring, and other charges for the three and six months ended June 30, 2025 include approximately $3.7 million and $11.6 million, respectively, of expense associated with the integration of Sterling.