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Overview and Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Corrections to Prior Period Adjustments

The following table provides a brief description of recent accounting pronouncements:


Standard		Description		Date of adoption		Effect on the financial statements
Standards Not Yet Adopted
Accounting Standards Update (“ASU”) 2024-03, Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses		The amendment requires additional disclosure in the notes to the financial statements about specified expense categories including purchases of inventory, employee compensation, depreciation, and intangible asset amortization.		January 1, 2027		This new guidance will expand our footnote disclosures within the scope of this new standard with no impacts to our Condensed Consolidated Financial Statements.
ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software		The amendment updates the accounting guidance for costs incurred to develop or obtain software solely for internal use and costs incurred to implement cloud computing arrangements. Under current guidance, costs are accounted for based on distinct project stages, and that concept is removed under the ASU, which instead clarifies that eligible costs may be capitalized upon meeting specific capitalization thresholds and overcoming significant development uncertainty.		January 1, 2028, with early adoption permitted		We are still in the process of evaluating what impact the new standard will have on our Condensed Consolidated Financial Statements.


Standard		Description		Date of adoption		Effect on the financial statements
Standards Recently Adopted
ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures		The amendment expands the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid.		January 1, 2025		This new guidance expanded our footnote disclosures within the scope of this new standard with no impacts to our Condensed Consolidated Financial Statements.

Schedule of Cash and Cash Equivalents and Restricted Cash Balances

Cash, cash equivalents and restricted cash balances as presented in the Condensed Consolidated Statements of Cash Flows include:


		September 30,				December 31,
(in thousands)		2025				2024
Cash and cash equivalents		$	33,806			$	49,702
Restricted cash (included in other current assets)			583				6,355
Cash, cash equivalents, and restricted cash		$	34,389			$	56,057

Schedule of the Previously Reported Condensed Consolidated Statements of Comprehensive Income (Loss)

The following table reflects the effects of the correction on all affected line items of the previously reported Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2024:


		Three Months Ended September 30, 2024												Nine Months Ended September 30, 2024
(in thousands)		As previously reported				Adjustment				As corrected				As previously reported				Adjustment				As corrected
Unrealized foreign currency translation adjustments		$	4,314			$	1,083			$	5,397			$	(6,567	)		$	(1,160	)		$	(7,727	)
Comprehensive income		$	59,980			$	1,083			$	61,063			$	54,342			$	(1,160	)		$	53,182
Comprehensive income attributable to non-redeemable noncontrolling interest (1)		$	(6,207	)		$	(1,942	)		$	(8,149	)		$	(9,243	)		$	2,362			$	(6,881	)
Comprehensive (income) loss attributable to redeemable noncontrolling interest		$	(71	)		$	(112	)		$	(183	)		$	372			$	(21	)		$	351
Comprehensive income attributable to Pursuit		$	53,702			$	(971	)		$	52,731			$	45,471			$	1,181			$	46,652

(1) The “as previously reported” amounts for “comprehensive income attributable to non-redeemable noncontrolling interest” are a combination of the amounts previously reported under the financial statement line items for “comprehensive income attributable to non-redeemable noncontrolling interest” and “unrealized foreign currency translation adjustments.”