Annual report [Section 13 and 15(d), not S-K Item 405]

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)

v3.25.4
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Income taxes at U.S. federal statutory rate $ 61,569 $ 57,236 $ 49,964
Income attributable to non-controlling interests and nontaxable income (33,937) (29,898) (27,265)
Effect of cross-border tax laws (1,636) (1,449) 256
Changes in valuation allowances 0 2,191 2,908
Equity-based compensation (13,770) (11,209) (1,994)
Common Control Reorganizations 39,260 7,116 15,142
Change in fair value of contingent consideration 3,930 0 0
State and local income tax expense (benefit), net of federal benefit 19,663 11,133 (2,116)
Nondeductible profit distributions 0 0 3,844
Other foreign jurisdictions 1,690 1,942 (147)
Income tax expense $ 79,027 $ 42,641 $ 43,445
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Income taxes at U.S. federal statutory rate 21.00% 21.00% 21.00%
Income attributable to non-controlling interests and nontaxable income (11.60%) (10.90%) (11.60%)
Effect of cross-border tax laws (0.60%) (0.50%) 0.10%
Changes in valuation allowances 0.00% 0.80% 1.20%
Equity-based compensation (4.70%) (4.10%) (0.80%)
Common Control Reorganizations 13.40% 2.60% 6.40%
Change in fair value of contingent consideration 1.30% 0.00% 0.00%
State and local income tax expense (benefit), net of federal benefit 6.70% 4.10% (0.90%)
Nondeductible profit distributions 0.00% 0.00% 1.60%
Other foreign jurisdictions 0.60% 0.70% (0.10%)
Income tax expense 27.00% 15.70% 18.20%
Total non-cash deferred income tax expense $ 48,597 $ 9,519 $ 18,356
United Kingdom      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Nondeductible expenses 272 4,309 0
Other (2,074) 264 1,564
Nondeductible profit distributions $ 0 $ 0 $ (2,971)
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Nondeductible expenses 0.10% 1.60% 0.00%
Other federal (0.70%) 0.10% 0.70%
Nondeductible profit distributions 0.00% 0.00% (1.20%)
Spain      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Other $ 509 $ 533 $ (599)
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Other federal 0.20% 0.20% (0.30%)
Domestic Tax Jurisdiction      
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Total non-cash deferred income tax expense $ 39,300 $ 7,100 $ 15,100
United States      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Nondeductible expenses 3,960 2,579 2,286
Other $ (409) $ (2,106) $ 2,573
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Nondeductible expenses 1.40% 0.90% 1.00%
Other federal (0.10%) (0.80%) 1.10%
State and Local Jurisdiction      
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Total non-cash deferred income tax expense $ 9,300 $ 2,400 $ 3,300