Subsequent Events |
9 Months Ended |
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Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events Regional Developer Rights
On October 1, 2026, we entered into an Asset Purchase Agreement (the “Texas Purchase Agreement”) with The Joint Franchises San Antonio, LLC, a Texas limited liability company, The Joint Franchises DFW, LLC, a Texas limited liability company, The Joint Franchises Houston, LLC, a Texas limited liability company, The Joint Franchises Austin, LLC, a Texas limited liability company, and The Joint Franchises Texas, Ltd., a Texas limited partnership, of which David Glover and Anne Glover, residents of Texas, are the limited partners (collectively, the “Texas Sellers”), pursuant to which we reacquired from the Texas Sellers certain regional development rights in the Texas region and mutually terminated the related regional developer agreements with the Texas Sellers in the Texas region (collectively, the “Texas RDAs”) for an aggregate purchase price of $8.0 million in cash that was due upon execution of the Texas Purchase Agreement. If certain gross sales metrics are met or exceeded under the Texas RDAs during the annual periods beginning September 1, 2026, we will also pay to the Texas Sellers up to $2.0 million in additional consideration payments, split evenly between the two years.
Stock Repurchase Program
On November 3, 2026, the Board of Directors authorized an additional $5.0 million under the 2025 SRP.
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