POST-EMPLOYMENT BENEFIT PLANS |
12 Months Ended |
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Dec. 31, 2025 | |
| Retirement Benefits [Abstract] | |
| POST-EMPLOYMENT BENEFIT PLANS | POST-EMPLOYMENT BENEFIT PLANS We sponsor one defined contribution savings plan, which allows employees to contribute a portion of their pre-tax and/or after-tax income in accordance with specified guidelines. The Company's contributions to this plan charged to income amounted to $35.0 million, $35.0 million and $30.3 million for the years ended December 31, 2025, 2024 and 2023, respectively. The Company participates in, but does not sponsor, multiemployer pension plans for certain employees covered by collective bargaining agreements who perform work on contracts within the continental U.S. Contributions are based on specified hourly rates for eligible hours. Company expenses related to these plans were $18.8 million, $18.1 million and $12.9 million for the years ended December 31, 2025, 2024, and 2023, respectively. The Company is unaware of any significant future obligations or funding requirements related to these plans other than the ongoing contributions that are paid as hours are worked by plan participants. None of these multiemployer pension plans are individually significant to the Company. The Company sponsors non-qualified deferred compensation plans, under which participants are eligible to defer a portion of their compensation on a tax deferred basis. The assets in the plan are held in a Rabbi trust. Plan investments and obligations were recorded in other non-current assets and other non-current liabilities, respectively, in the Consolidated Balance Sheets, representing the fair value related to the deferred compensation plans. Adjustments to the fair value of plan investments and obligations are recorded in selling, general, and administrative expenses. The plan assets and liabilities as of December 31, 2025 and 2024 were $5.8 million and $5.2 million, respectively. The Company has an amended and restated the Senior Executive Severance Pay Plan (the Amended Plan) that has been effective since 2016. Termination benefits offered under the Amended Plan are other post-employment benefits as defined by ASC Topic 712 Compensation - Nonretirement Postemployment Benefits. Benefits under the Amended Plan vest or accumulate with the employee’s years of service; however, the payment of benefits is not probable, and the Company does not have the ability to reliably estimate when there will be an involuntary termination without cause under the Amended Plan. Accordingly, the Company does not accrue a benefit obligation for severance costs under the Amended Plan over the duration of executive employment.
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