Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Stockholders' Equity (Unaudited)

v3.25.1
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non- controlling Interests
Beginning balance (in shares) at Dec. 31, 2023   118,593,062 141,621,188        
Beginning balance at Dec. 31, 2023 $ 979,644 $ 119 $ 142 $ 441,997 $ 114,420 $ 3,076 $ 419,890
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 40,677       16,535   24,142
Issuance of common stock (shares)   9,449          
Exchange of LLC equity for common stock (in shares)   134,959 (134,959)        
Exchange of LLC equity for common stock 0   $ 0 240     (240)
Class A common stock dividends and Dividend Equivalents (42,418)       (42,418)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (5,766)           (5,766)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (78)     (78)      
Distributions declared for non-controlling interest holders’ tax (22,177)           (22,177)
Change in share of equity method investment in related party other comprehensive income 3,780         1,510 2,270
Gain (loss) on interest rate cap, net 4,805         1,918 2,887
Foreign currency translation adjustments (1,024)         (408) (616)
Equity-based compensation 17,310     17,297     13
Ending balance (in shares) at Mar. 31, 2024   118,737,470 141,486,229        
Ending balance at Mar. 31, 2024 974,753 $ 119 $ 142 459,456 88,537 6,096 420,403
Beginning balance (in shares) at Dec. 31, 2024   125,411,089 136,456,313        
Beginning balance at Dec. 31, 2024 1,098,285 $ 125 $ 136 506,258 122,939 (1,796) 470,623
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (4,389)       (27,642)   23,253
Issuance of common stock (shares)   81,137          
Exchange of LLC equity for common stock (in shares)   540,663 (498,664)        
Exchange of LLC equity for common stock 0 $ 1   803     (804)
Class A common stock dividends and Dividend Equivalents (15,959)       (15,959)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (6,925)           (6,925)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (38,847)     (68,593)     29,746
Distributions declared for non-controlling interest holders’ tax (8,443)           (8,443)
Change in share of equity method investment in related party other comprehensive income (2,909)         (1,315) (1,594)
Gain (loss) on interest rate cap, net (2,005)         (898) (1,107)
Foreign currency translation adjustments 18,632         8,481 10,151
Equity-based compensation 19,873     19,978     (105)
Ending balance (in shares) at Mar. 31, 2025   126,032,889 135,957,649        
Ending balance at Mar. 31, 2025 $ 1,057,313 $ 126 $ 136 $ 458,446 $ 79,338 $ 4,472 $ 514,795