Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity

v3.25.0.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Balance beginning (in shares) at Dec. 31, 2021   109,894,548 149,162,107        
Beginning balance at Dec. 31, 2021 $ 594,777 $ 110 $ 149 $ 348,865 $ (7,064) $ 1,714 $ 251,003
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 163,257       61,052   102,205
Issuance of common stock (in shares)   599,559 17,856        
Issuance of common stock 772 $ 1   771      
Exchange of LLC equity for common stock (in shares)   1,968,793 1,965,688        
Exchange of LLC equity for common stock 0 $ 2 $ (2) 8,937     (8,937)
Forfeiture of common stock/Forfeiture and retirement of common stock (in shares)   (25,075)          
Forfeiture of common stock/Forfeiture and retirement of common stock (1) $ (1)          
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (1,501)     (1,501)      
Distributions declared for non-controlling interest holders’ tax (28,728)           (28,728)
Change in share of equity method investment in related party other comprehensive loss (5,774)         (2,074) (3,700)
Gain (Loss) on interest rate cap, net 22,214         8,065 14,149
Foreign currency translation adjustments (4,684)         (1,670) (3,014)
Equity-based compensation 77,480     61,051     16,429
Ending balance at Dec. 31, 2022 817,812 $ 112 $ 147 418,123 53,988 6,035 339,407
Balance ending (in shares) at Dec. 31, 2022   112,437,825 147,214,275        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 194,480       61,037   133,443
Issuance of common stock (in shares)   546,045 62,452        
Issuance of common stock 2,696 $ 1 $ 1 1,227     1,467
Exchange of LLC equity for common stock (in shares)   5,662,596 5,655,539        
Exchange of LLC equity for common stock 0 $ 6 $ (6) 10,452     (10,452)
Equity awards withheld for settlement of employee tax obligations (975)           (975)
Forfeiture of common stock/Forfeiture and retirement of common stock (in shares)   (53,404)          
Forfeiture of common stock/Forfeiture and retirement of common stock (141)     464 (605)    
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (22,436)     (41,342)     18,906
Distributions declared for non-controlling interest holders’ tax (74,554)           (74,554)
Change in share of equity method investment in related party other comprehensive loss (973)         (416) (557)
Gain (Loss) on interest rate cap, net (8,133)         (3,368) (4,765)
Foreign currency translation adjustments 2,125         825 1,300
Equity-based compensation 69,743     53,073     16,670
Ending balance at Dec. 31, 2023 979,644 $ 119 $ 142 441,997 114,420 3,076 419,890
Balance ending (in shares) at Dec. 31, 2023   118,593,062 141,621,188        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 229,913       94,665   135,248
Issuance of common stock (in shares)   1,466,728 41,254        
Issuance of common stock 9,143 $ 1   4,293     4,849
Exchange of LLC equity for common stock (in shares)   5,383,406 5,206,129        
Exchange of LLC equity for common stock 0 $ 5 $ (6) 9,326     (9,325)
Equity awards withheld for settlement of employee tax obligations (284)           (284)
Class A common stock dividends and Dividend Equivalents (84,728)       (84,728)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (22,711)           (22,711)
Forfeiture of common stock/Forfeiture and retirement of common stock (in shares)   (32,107)          
Forfeiture of common stock/Forfeiture and retirement of common stock (292)     1,126 (1,418)    
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes 4,229     (3,323)     7,552
Distributions declared for non-controlling interest holders’ tax (84,798)           (84,798)
Change in share of equity method investment in related party other comprehensive loss 5,708         2,382 3,326
Gain (Loss) on interest rate cap, net (7,620)         (3,262) (4,358)
Foreign currency translation adjustments (8,914)         (3,992) (4,922)
Equity-based compensation 78,995     52,839     26,156
Ending balance at Dec. 31, 2024 $ 1,098,285 $ 125 $ 136 $ 506,258 $ 122,939 $ (1,796) $ 470,623
Balance ending (in shares) at Dec. 31, 2024   125,411,089 136,456,313