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Other Financial Information
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Financial Information Other Financial Information
Accounts receivable, net consists of the following (in thousands):
December 31,
20252024
Contracts receivable, net$569,812 $441,109 
Accounts receivable—other14,248 7,501 
Accounts receivable, net$584,060 $448,610 
Prepaid expenses and other current assets consists of the following (in thousands):
December 31,
20252024
Interest rate swaps$42 $5,861 
Prepaid expenses22,597 18,909 
Inventories11,303 10,247 
Deferred contract costs2,237 3,489 
Prepaid expenses and other current assets$36,179 $38,506 
Consolidated Statements of Cash Flows Information
Additional cash flow information was as follows (in thousands):
Year Ended December 31,
202520242023
Cash paid for interest and taxes
Interest paid, net of interest rate swaps(a)$96,884 $85,662 $61,794 
Income taxes paid, net of refunds$16,442 $17,496 $10,160 
Non-cash investing activities
Property and equipment additions included in Accounts payable$4,906 $429 $579 
Non-cash financing activities
Parent issuance of Parent interests for contingent consideration - related parties$— $— $9,325 
Deferred offering costs included in Accounts payable$60 $3,488 $— 
Contribution from Legence Parent for Series A Interests and Restricted Series C Interests$30,510 $— $— 
Contribution from Legence Parent II for Series A Interests$17,805 $— $— 
TRA liability - secondary offering exchanges$58,060 $— $— 
Deferred tax asset, net of valuation allowance, recognized in connection with TRA liability - secondary offering exchanges$4,552 $— $— 
Non-cash financing activities related to IPO and Corporate Reorganization
Reclassification of Series A Interests and Restricted Series C Interests from liability to equity$36,358 $— $— 
TRA liability recognized$146,474 $— $— 
Deferred tax asset, net of valuation allowance, recognized in connection with TRA liability$28,697 $— $— 
(a)The Company classifies the cash flows resulting from its interest rate swaps in Cash provided by operating activities on the Consolidated Statements of Cash Flows consistent with the interest that is hedged. Refer to “Note 11—Derivatives” for additional information on the Company's interest rate swaps.
Refer to “Note 4—Acquisitions” for disclosure of non-cash financing of acquisitions through issuance of Parent interests and promissory notes.
Refer to “Note 8—Leases” for supplemental disclosures of non-cash lease related information.