Related Party Transactions |
12 Months Ended |
|---|---|
Dec. 31, 2024 | |
| Related Party Transactions | |
| Related Party Transactions | 14.Related Party Transactions As of December 31, 2024 and 2023, we had $35.6 million and $65.3 million, respectively, of outstanding debt as part of the first lien term loan facility from Bain Affiliated Funds and CPPIB Credit Investments III Inc., affiliates of Bain Capital LP and Canada Pension Plan Investment Board (“Affiliated Debtholders”). Interest expense associated with and paid to Affiliated Debtholders was $4.5 million, $7.6 million and $6.4 million for the years ended December 31, 2024, 2023, and 2022, respectively. Canada Pension Plan Investment Board has an ownership interest in us and a significant interest in the landlord that leases us office space under an operating lease agreement in Houston, Texas. For the years ended December 31, 2024, 2023, and 2022, we expensed $0.2 million, $0.3 million and $0.2 million, respectively, for this office space lease in general and administrative expense. Bain Capital LP has an ownership interest in us and a significant interest in some clients for whom we provide software solutions. For the years ended December 31, 2024, 2023, and 2022, we earned $1.9 million from five customers, $1.5 million from four customers and $1.4 million from two customers, respectively. They also have an ownership interest in us and a significant interest in two vendors that provides us with software solutions. For the years ended December 31, 2024, 2023, and 2022, we expensed $2.1 million, $0.4 million and $0.4 million, respectively, for software services from these vendors in cost of revenue expense. |