Cover |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Document Information [Line Items] | |
| Document Type | 11-K |
| Entity Registrant Name | Brinker International, Inc. |
| Entity Central Index Key | 0000703351 |
| Amendment Flag | false |
| EBP 001 | |
| Document Information [Line Items] | |
| Document Type | 11-K |
| Entity Registrant Name | Brinker International, Inc. |
| Entity Central Index Key | 0000703351 |
| Amendment Flag | false |
Statements of Net Assets Available for Benefits - EBP 001 - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| ASSETS | ||
| Investments - at fair value (Note 3) | $ 546,487,936 | $ 478,657,680 |
| Receivables: | ||
| Employer contributions | 545,260 | 378,383 |
| Participants’ contributions | 1,083,601 | 735,004 |
| Notes receivable from participants | 16,505,827 | 14,911,132 |
| Total receivables | 18,134,688 | 16,024,519 |
| Net assets available for benefits | $ 564,622,624 | $ 494,682,199 |
Statements of Changes in Net Assets Available for Benefits - EBP 001 - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
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| Contributions: | ||
| Participants | $ 34,710,807 | $ 30,224,780 |
| Rollovers | 2,651,087 | 2,134,664 |
| Employer | 16,597,023 | 14,648,272 |
| Total contributions | 53,958,917 | 47,007,716 |
| Investment income: | ||
| Net appreciation in fair value of investments | 49,520,487 | 80,864,473 |
| Interest and dividends | 29,920,653 | 14,029,588 |
| Total investment income | 79,441,140 | 94,894,061 |
| Interest on notes receivable from participants | 1,242,628 | 1,007,176 |
| Total additions | 134,642,685 | 142,908,953 |
| Deductions: | ||
| Benefits paid to participants | 63,985,790 | 50,289,951 |
| Administrative fees | 716,470 | 636,704 |
| Total deductions | 64,702,260 | 50,926,655 |
| Net increase | 69,940,425 | 91,982,298 |
| Net assets available for benefits at beginning of year | 494,682,199 | 402,699,901 |
| Net assets available for benefits at end of year | $ 564,622,624 | $ 494,682,199 |
DESCRIPTION OF THE PLAN |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| EBP 001 | |
| EBP, Description of the Plan [Line Items] | |
| DESCRIPTION OF THE PLAN | DESCRIPTION OF THE PLAN The following description of the Brinker International (the “Company” or “Brinker”) 401(k) Savings Plan (the “Plan”) is provided for general information purposes only. Participants should refer to the plan document for a more complete description of the Plan’s provisions. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. General The Company originally adopted the Plan effective January 1, 1993. The Plan is a qualified defined contribution retirement plan covering eligible employees as defined below. The Plan was amended and restated in its entirety effective June 4, 2021, primarily for the purpose of adopting a new pre-approved plan document as required by the Internal Revenue Service (“IRS”). The investments of the Plan are maintained in a trust (the “Trust”) by Fidelity Management Trust Company (the “Trustee”) and the recordkeeping functions are performed by Fidelity Workplace Services LLC (the “Recordkeeper”). Eligibility An employee may become a participant on the first of the month following the date the employee has both attained the age of twenty-one and completed 90 days of eligible service. Employees who were previously employed by certain franchisees whose restaurants were acquired by Brinker may become eligible for participation based on their service with the franchisee. Leased employees, non-US citizens and union employees without specific contract provisions are not eligible to participate in the Plan. Contributions Contributions are subject to IRS limitations on total annual contributions, as well as plan limitations which stipulate that up to 50% of eligible base compensation including tips and 100% of eligible bonuses, as defined in the Plan, may be contributed to various investment funds on a tax-deferred basis. Eligible participants aged 50 or older by the end of a calendar year are permitted to make catch-up contributions to the Plan up to the deferral amount allowed by the Internal Revenue Code (“IRC”). Participants may also roll over eligible amounts from other qualified retirement plans, as defined in the plan document, into the Plan. The Company matches in cash at a rate of 100% of the first 3% of pay and 50% of the next 2% of pay for a participant’s compensation, as defined in the Plan, up to the maximum deferrable amount allowed by the IRC. Active hourly-tipped participants may elect to make voluntary after-tax contributions for each pay period under the Plan. The employee contributions may be made only from the participant’s compensation representing tip income that is not paid through the Company’s payroll and may contribute up to 100% of such tip income. An active participant may not make contributions for any period in which such person is not accruing hours of service with the Company. Participants’ Accounts Participant and Company matching contributions are invested in accordance with participants’ elections. Participants may invest in various instruments including money market funds, mutual funds and Brinker common stock. Participants’ accounts are adjusted with the proportionate share of gains or losses generated by their elected investments. Vesting Participants are immediately vested in both employee and employer matching contributions, rollover contributions and the earnings thereon. Payment of Benefits Distributions under the Plan may be made upon a participant’s death, disability, retirement or termination of employment. Actively employed participants may withdraw a portion of their vested account balance due to a financial hardship under certain circumstances as defined in the plan document and in accordance with IRS regulations. Actively employed participants may also take a withdrawal from their rollover and after-tax account types within the Plan without meeting one of the hardship criteria. Actively employed participants may withdraw all, or any portion, of the vested balance in their accounts after reaching age 59½. Benefit payments may be made in the form of a single lump sum payment, a direct rollover into an Individual Retirement Account or another qualified plan, or periodic payments, as applicable. Forfeited Accounts If a participant has terminated service and the Recordkeeper is unable to locate the participant or beneficiary to whom an account is distributable, then the Recordkeeper may move the unclaimed balance into the forfeiture account. Forfeited accounts for the years ended December 31, 2025 and 2024 were not significant. Notes Receivable from Participants Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum amount equal to the lesser of $50,000 or 50% of their vested account balance. A participant may have up to two loans outstanding at a time; however, the total outstanding balance of all loans may not exceed the lesser of $50,000 or 50% of the participant’s vested account balance. Loan terms range from six months to 5 years or up to 15 years for the purchase of a primary residence. Maturities range from 2026 through 2040 as of December 31, 2025. The loans are secured by the participant’s account and bear interest at a rate of 1% above the prime lending rate which is determined at the end of the month prior to the month in which the loan request is made. Interest rates on outstanding loans ranged from 4.25% to 9.50% as of December 31, 2025 and December 31, 2024. Principal and interest payments are made through bi-weekly payroll deductions. Administrative Expenses The Company shares the cost of administrative expenses related to the Plan with actively employed participants, except for transactional fees related to participant-directed actions on their account which are paid by the participant. Non-employee participants are responsible for the annual administration fees for their accounts. Late Remittances During the Plan year ended December 31, 2025, the Company remitted certain participant contributions totaling $177,822 to the Trust later than required by the Department of Labor’s Regulation 29 CFR 2510.3-102. This transaction constitutes a prohibited transaction, as defined by ERISA. The participant contributions and related lost investment earnings were remitted to the Trust in February 2025.
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
12 Months Ended |
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Dec. 31, 2025 | |
| EBP 001 | |
| EBP, Accounting Policy [Line Items] | |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting The financial statements are prepared under the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates. Investment Valuation and Income Recognition The Plan’s money market funds, mutual funds and Company common stock fund are stated at fair value using quoted market prices. Refer to Note 3 for additional disclosures. Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date. Income from investments is recorded as earned on an accrual basis. Notes Receivable from Participants Notes receivable from participants are valued at the outstanding principal balance, which represents the exit value upon collection, either by repayment or by deemed distribution if not repaid. Payment of Benefits Benefits are recorded when paid. Contributions Participant and employer contributions are accrued in the period that payroll deductions are made from plan participants in accordance with salary deferral agreements and as such, become obligations of the Company and assets of the Plan.
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FAIR VALUE MEASUREMENTS |
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| EBP 001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EBP, Fair Value of Financial Instruments by Type of Asset [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS Fair value is the price that would be received for an asset or paid to transfer a liability, or the exit price, in an orderly transaction between market participants on the measurement date. Fair value measurements are categorized in three levels based on the types of significant inputs used, as follows: •Level 1 – unadjusted quoted prices in active markets for identical assets or liabilities •Level 2 – observable inputs available at the measurement date other than quote prices included in Level 1 •Level 3 – unobservable inputs that cannot be corroborated by observable market data The methodologies used to measure the fair value of each major category of investments are as follows: •Money market funds are valued based on the short-term cash component as of the measurement date and are classified within Level 1. •Mutual funds are valued at the total market value of the underlying assets based upon the publicly quoted price of each fund multiplied by the respective number of shares held as of the measurement date and are classified within Level 1. •Brinker common stock fund is valued at the combined market value of the underlying stock based upon the closing price of the stock on its primary exchange times the number of shares held and the short-term cash component as of the measurement date and is classified within Level 1. These methodologies were consistently applied as of December 31, 2025 and 2024. The following tables present the fair value of financial instruments as of December 31, 2025 and 2024 by type of asset. The Plan has no investments that are classified as Level 2 or Level 3 as of December 31, 2025 and 2024.
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RELATED-PARTY AND PARTY-IN-INTEREST TRANSACTIONS |
12 Months Ended |
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Dec. 31, 2025 | |
| EBP 001 | |
| EBP, Related Party and Party-in-Interest Transactions [Line Items] | |
| RELATED-PARTY AND PARTY-IN-INTEREST TRANSACTIONS | RELATED-PARTY AND PARTY-IN-INTEREST TRANSACTIONS Certain Plan investments consist of money market and mutual funds managed by the Trustee, Fidelity Management Trust Company. As a result, these transactions qualify as party-in-interest transactions. The Plan also invests in common stock of Brinker. Transactions involving Brinker common stock qualify as party-in-interest and related-party transactions because Brinker is the sponsor of the Plan. All of these party-in-interest transactions are exempt from the prohibited transaction rules. Notes receivable from participants are also considered to be exempt party-in-interest transactions.
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CONCENTRATION |
12 Months Ended |
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Dec. 31, 2025 | |
| EBP 001 | |
| EBP, Risks and Uncertainties [Line Items] | |
| CONCENTRATION | CONCENTRATION At December 31, 2025 and 2024, the Brinker common stock fund was $43,929,678 and $45,073,681, respectively, and represented approximately 8.0% and 9.4%, respectively, of the Plan’s total investments at fair value. RISKS AND UNCERTAINTIESThe Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks, and global events. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits. It is not possible at this time to reasonably estimate the possible loss or range of loss, if any. Management further cautions that it is not possible to see all such factors, and financial statement users should not consider the identified factors as a complete list of all risks and uncertainties.
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PLAN TERMINATION |
12 Months Ended |
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Dec. 31, 2025 | |
| EBP 001 | |
| EBP, Description of the Plan [Line Items] | |
| PLAN TERMINATION | PLAN TERMINATION Although it has no present intention to do so, the Company may terminate the Plan at any time subject to the provisions of ERISA.
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INCOME TAX STATUS |
12 Months Ended |
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Dec. 31, 2025 | |
| EBP 001 | |
| EBP, Income Tax Status [Line Items] | |
| INCOME TAX STATUS | INCOME TAX STATUS In June 2021, the Plan was restated and adopted a pre-approved plan document. The sponsor of the pre-approved plan document received an opinion letter from the IRS dated June 30, 2020, stating that the form of the underlying pre-approved plan document is qualified under Section 401 of the IRC and that any employer adopting this form of the plan will be considered to have a plan qualified under Section 401(a) of the IRC. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualified status. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the IRC and, therefore, believes the Plan is qualified and the related Trust is tax-exempt as of the financial statement date. U.S. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2025, there are no uncertain tax positions taken or expected to be taken. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
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RISKS AND UNCERTAINTIES |
12 Months Ended |
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Dec. 31, 2025 | |
| EBP 001 | |
| EBP, Risks and Uncertainties [Line Items] | |
| RISKS AND UNCERTAINTIES | CONCENTRATION At December 31, 2025 and 2024, the Brinker common stock fund was $43,929,678 and $45,073,681, respectively, and represented approximately 8.0% and 9.4%, respectively, of the Plan’s total investments at fair value. RISKS AND UNCERTAINTIESThe Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks, and global events. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits. It is not possible at this time to reasonably estimate the possible loss or range of loss, if any. Management further cautions that it is not possible to see all such factors, and financial statement users should not consider the identified factors as a complete list of all risks and uncertainties.
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SUBSEQUENT EVENTS |
12 Months Ended |
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Dec. 31, 2025 | |
| EBP 001 | |
| EBP, Subsequent Events [Line Items] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS In preparing the accompanying financial statements, management of the Plan has evaluated all subsequent events and transactions for potential recognition or disclosure through May 21, 2026, the date the financial statements were available for issuance.
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Form 5500 Schedule H, Line 4a — Schedule of Delinquent Participant Contributions |
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| Form 5500 Schedule H, Line 4a — Schedule of Delinquent Participant Contributions | EIN: 75-2354902 PLAN # 001 BRINKER INTERNATIONAL 401(K) SAVINGS PLAN Form 5500 Schedule H, Line 4a — Schedule of Delinquent Participant Contributions Year Ended December 31, 2025
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Form 5500 Schedule H, Line 4i — Schedule of Assets (Held at End of Year) |
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| EBP 001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EBP, Schedule of Asset Held for Investment [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Form 5500 Schedule H, Line 4i – Schedule of Assets (Held At End of Year) | EIN: 75-2354902 PLAN # 001 BRINKER INTERNATIONAL 401(K) SAVINGS PLAN Form 5500 Schedule H, Line 4i — Schedule of Assets (Held at End of Year) December 31, 2025
* Party-in-interest ** Cost omitted for participant directed investments
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) - EBP 001 |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| EBP, Accounting Policy [Line Items] | |
| Basis of Accounting | Basis of Accounting The financial statements are prepared under the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
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| Use of Estimates | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
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| Investment Valuation and Income Recognition | Investment Valuation and Income Recognition The Plan’s money market funds, mutual funds and Company common stock fund are stated at fair value using quoted market prices. Refer to Note 3 for additional disclosures. Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date. Income from investments is recorded as earned on an accrual basis.
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| Notes Receivable from Participants | Notes Receivable from Participants Notes receivable from participants are valued at the outstanding principal balance, which represents the exit value upon collection, either by repayment or by deemed distribution if not repaid.
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| Payment of Benefits | Payment of Benefits Benefits are recorded when paid.
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| Contributions | Contributions Participant and employer contributions are accrued in the period that payroll deductions are made from plan participants in accordance with salary deferral agreements and as such, become obligations of the Company and assets of the Plan.
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FAIR VALUE MEASUREMENTS (Tables) |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EBP 001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EBP, Fair Value of Financial Instruments by Type of Asset [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value of Financial Instruments | The following tables present the fair value of financial instruments as of December 31, 2025 and 2024 by type of asset. The Plan has no investments that are classified as Level 2 or Level 3 as of December 31, 2025 and 2024.
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CONCENTRATION (Details) - EBP 001 - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| EBP, Risks and Uncertainties [Line Items] | ||
| Total investments at fair value | $ 546,487,936 | $ 478,657,680 |
| Brinker common stock fund | ||
| EBP, Risks and Uncertainties [Line Items] | ||
| Total investments at fair value | $ 43,929,678 | $ 45,073,681 |
| Concentration of investment at fair value to total investments, percentage | 8.00% | 9.40% |
Form 5500 Schedule H, Line 4a — Schedule of Delinquent Participant Contributions (Details) - EBP 001 |
12 Months Ended |
|---|---|
|
Dec. 31, 2025
USD ($)
| |
| EBP, Schedule of Delinquent Participant Contribution [Line Items] | |
| Entity tax identification number | 75-2354902 |
| Plan number | 001 |
| EBP, Schedule of Delinquent Participant Contribution, Late Repayment Included [true false] | false |
| Participant Contributions Transferred Late to Plan | $ 177,822 |
| Contributions Not Corrected | 0 |
| Contributions Corrected Outside VFCP | 177,822 |
| Contributions Pending Correction in VFCP | 0 |
| Total Fully Corrected Under VFCP and PTE 2002-51 | $ 0 |