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Fair Value (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents the fair value hierarchy for our assets and liabilities measured at fair value on a recurring basis (in thousands):
|  | Level in Fair Value Hierarchy |  | Fair Value
|  |  | June 30, 2025 |  | December 31, 2024
Assets: |  |  |  |  |  |
Other non-current assets: |  |  |  |  |  |
Pay-fixed interest rate swaps (1) |  | 2 |  | $ | — |  |  | $ | 1,162 |
Equity securities (2) |  | 1 |  | 106 |  |  | 141 |
Total other non-current assets |  |  |  | $ | 106 |  |  | $ | 1,303 |
Liabilities: |  |  |  |  |  |
Other current liabilities: |  |  |  |  |  |
Pay-fixed interest rate swaps (1) |  | 2 |  | $ | 11 |  |  | $ | 134 |
Other long-term liabilities: |  |  |  |  |  |
Pay-fixed interest rate swaps (1) |  | 2 |  | 3,961 |  |  | 2,420 |
Contingent consideration associated with acquisition |  | 3 |  | — |  |  | 9,315 |
Total other long-term liabilities |  |  |  | 3,961 |  |  | 11,735 |
Total liabilities at fair value |  |  |  | $ | 3,972 |  |  | $ | 11,869 |
(1) Pay-fixed interest rate swaps are measured on a recurring basis by netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on the expectation of future interest rates (forward curves) derived from observed market interest rate curves. See Note 7 – Debt and Credit Facilities for further information on our interest rate swaps. (2) Represents our investment in an autonomous technology company. For additional information regarding the valuation of this equity security, see Note 6 – Investments.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The following table presents changes in the fair value of our contingent earnout liability (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Balance at beginning of period |  | $ | 9,421 |  |  | $ | 8,998 |  |  | $ | 9,315 |  |  | $ | 8,896 |
Payment for contingent consideration (1) |  | (1,500) |  |  | — |  |  | (1,500) |  |  | — |
Change in fair value (2) |  | (7,921) |  |  | 104 |  |  | (7,815) |  |  | 206 |
Balance at end of period |  | $ | — |  |  | $ | 9,102 |  |  | $ | — |  |  | $ | 9,102 |
(1) The final outcome of the contingent consideration arrangement related to the Baylor Trucking, Inc. acquisition was negotiated and paid in April 2025, as certain financial performance goals were achieved. The contingent earnout period was scheduled to end on October 31, 2025. (2) Represents a net favorable change to the contingent earnout liability, resulting from the finalization of the Baylor Trucking, Inc. contingent consideration arrangement in April 2025.

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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