XML 14 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND MEZZANINE EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Capital
Retained Earnings
Accumulated Deficit
Accumulated Other Comprehensive Loss
Common Stock in Treasury
Total Pursuit Equity
Non-Redeemable Non-Controlling Interest
Mezzanine Equity Redeemable Non-Controlling Interest
Convertible Series A Preferred Stock
Beginning Balance at Dec. 31, 2023 $ 132,621 $ 37,402 $ 568,230   $ (326,084) $ (40,394) $ (195,721) $ 43,433 $ 89,188 $ 4,733 $ 132,591
Increase Decrease In Stockholders' Equity [Roll Forward]                      
Net loss (26,040)       (25,117)     (25,117) (923) (203)  
Dividends on convertible preferred stock (1,950)       (1,950)     (1,950)      
Change in fair value of interest rate cap 218         218   218      
Capital contributions from noncontrolling interest 149               149    
Employee benefit plans (29)   (5,387)       5,358 (29)      
Share-based compensation 3,107   3,107         3,107      
Unrealized foreign currency translation adjustments (9,072)         (7,502)   (7,502) (1,570) (107)  
Amortization of net actuarial loss, net of tax 85         85   85      
Amortization of prior service cost, net of tax 19         19   19      
Other, net (17)   (17)         (17)      
Ending Balance at Mar. 31, 2024 99,091 37,402 565,933   (353,151) (47,574) (190,363) 12,247 86,844 4,423 132,591
Beginning Balance at Dec. 31, 2023 132,621 37,402 568,230   (326,084) (40,394) (195,721) 43,433 89,188 4,733 132,591
Increase Decrease In Stockholders' Equity [Roll Forward]                      
Dividends on convertible preferred stock (5,850)                    
Amortization of net actuarial loss, net of tax 106                    
Amortization of prior service cost, net of tax 27                    
Ending Balance at Sep. 30, 2024 189,683 37,402 572,219   (280,017) (46,551) (186,288) 96,765 92,918 4,382 132,591
Beginning Balance at Mar. 31, 2024 99,091 37,402 565,933   (353,151) (47,574) (190,363) 12,247 86,844 4,423 132,591
Increase Decrease In Stockholders' Equity [Roll Forward]                      
Net loss 31,118       29,311     29,311 1,807 (240)  
Dividends on convertible preferred stock (1,950)       (1,950)     (1,950)      
Distributions to noncontrolling interest (3,300)               (3,300)    
Change in fair value of interest rate cap 216         216   216      
Employee benefit plans 1,222   (515)       1,737 1,222      
Share-based compensation 3,679   3,679         3,679      
Unrealized foreign currency translation adjustments (3,961)         (3,379)   (3,379) (582) 16  
Amortization of net actuarial loss, net of tax 71         71   71      
Amortization of prior service cost, net of tax (1)         (1)   (1)      
Other, net (209)   684   (893)     (209)      
Ending Balance at Jun. 30, 2024 125,976 37,402 569,781   (326,683) (50,667) (188,626) 41,207 84,769 4,199 132,591
Increase Decrease In Stockholders' Equity [Roll Forward]                      
Net loss 55,793       48,615     48,615 7,178 71  
Dividends on convertible preferred stock (1,950)       (1,950)     (1,950)      
Change in fair value of interest rate cap (157)         (157)   (157)      
Employee benefit plans 1,111   (1,227)       2,338 1,111      
Share-based compensation 3,713   3,713         3,713      
Unrealized foreign currency translation adjustments 5,285         4,314   4,314 971 112  
Amortization of net actuarial loss, net of tax (50)         (50)   (50)      
Amortization of prior service cost, net of tax 9         9   9      
Other, net (47)   (48)   1     (47)      
Ending Balance at Sep. 30, 2024 189,683 37,402 572,219   $ (280,017) (46,551) (186,288) 96,765 92,918 $ 4,382 $ 132,591
Beginning Balance at Dec. 31, 2024 616,688 47,413 680,684 $ 33,697   (64,475) (171,494) 525,825 90,863    
Increase Decrease In Stockholders' Equity [Roll Forward]                      
Net loss (31,352)     (31,136)       (31,136) (216)    
Employee benefit plans 750   (9,148)       9,898 750      
Share-based compensation 2,436   2,436         2,436      
Unrealized foreign currency translation adjustments 783         (61)   (61) 844    
Amortization of net actuarial loss, net of tax 43         43   43      
Amortization of prior service cost, net of tax (2)         (2)   (2)      
Other, net (1)   (1)         (1)      
Ending Balance at Mar. 31, 2025 589,345 47,413 673,971 2,561   (64,495) (161,596) 497,854 91,491    
Beginning Balance at Dec. 31, 2024 616,688 47,413 680,684 33,697   (64,475) (171,494) 525,825 90,863    
Increase Decrease In Stockholders' Equity [Roll Forward]                      
Dividends on convertible preferred stock 0                    
Capital contributions from noncontrolling interest 5,436                    
Amortization of net actuarial loss, net of tax 3,620                    
Amortization of prior service cost, net of tax (455)                    
Ending Balance at Sep. 30, 2025 688,785 47,413 684,994 82,941   (49,852) (158,335) 607,161 81,624    
Beginning Balance at Mar. 31, 2025 589,345 47,413 673,971 2,561   (64,495) (161,596) 497,854 91,491    
Increase Decrease In Stockholders' Equity [Roll Forward]                      
Net loss 8,731     5,646       5,646 3,085    
Distributions to noncontrolling interest (5,436)               (5,436)    
Employee benefit plans 1,895   (712)       2,607 1,895      
Share-based compensation 1,825   1,825         1,825      
Unrealized foreign currency translation adjustments 22,744         18,113   18,113 4,631    
Amortization of net actuarial loss, net of tax 3,489         3,489   3,489      
Amortization of prior service cost, net of tax (461)         (461)   (461)      
Other, net 1   1         1      
Ending Balance at Jun. 30, 2025 622,133 47,413 675,085 8,207   (43,354) (158,989) 528,362 93,771    
Increase Decrease In Stockholders' Equity [Roll Forward]                      
Net loss 85,101     73,853       73,853 11,248    
Purchase of noncontrolling interest (13,000)   8,931         8,931 (21,931)    
Dividends on convertible preferred stock 0                    
Employee benefit plans 6   (648)       654 6      
Share-based compensation 1,626   1,626         1,626      
Unrealized foreign currency translation adjustments (8,058)         (6,594)   (6,594) (1,464)    
Amortization of net actuarial loss, net of tax 88         88   88      
Amortization of prior service cost, net of tax 8         8   8      
Other, net 881     881       881      
Ending Balance at Sep. 30, 2025 $ 688,785 $ 47,413 $ 684,994 $ 82,941   $ (49,852) $ (158,335) $ 607,161 $ 81,624