Related Party Transactions

9 Months Ended

Sep. 30, 2022

Related Party Transactions

13.Related Party Transactions

Certain facilities leased by Spectrum are owned by the Roy T. Eddleman Living Trust (the "Trust"). As of September 30, 2022, the Trust owned greater than 5% of the Company’s outstanding shares. Therefore, the Company considers the Trust to be a related party. The lease amounts paid to the Trust prior to the public offering were negotiated in connection with the acquisition of Spectrum. The Company incurred rent expense totaling $0.2 million for each of the three months ended September 30, 2022 and 2021 related to these leases and incurred rent expense of $0.5 million for each of the nine months ended September 30, 2022 and 2021.