2 weeks Ago By GuruFocus.com
In This Article: Release Date: February 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript . Positive Points Negative Points Q & A Highlights Q : Bradley, regarding the $1.7 million to establish the self-insurance reserve, is that a non-cash or cash expense, and is it one-time in nature? A : Eric Langan, CEO: It's a one-time, non-cash expense.
We decided to self-insure starting October due to high insurance costs. Until our captive is set up, we must follow GAAP rules for potential liabilities. The reserve is non-cash and will cover claims or defense costs during this period.
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