RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2024

5.	RELATED PARTY TRANSACTIONS

The Company has an agreement with a company owned by a Board member for the use of an asset for corporate and marketing activities. The Company has in 2024, 2023 and 2022 paid operating costs of $1.4 million, $1.3 million and $1.2 million, and fees associated with actual use. In 2024, 2023 and 2022, the Company recognized an expense of $0.1 million, $0.2 million and $0.3 million, respectively, for utilization of the asset. No amounts were due to the related party as of December 31, 2024, or December 31, 2023.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details