Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Stockholders' Equity (Unaudited)

v3.26.1
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, 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 investments’ other comprehensive income (loss) (2,909)         (1,315) (1,594)
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
Beginning balance (in shares) at Dec. 31, 2025   129,603,426 134,508,885        
Beginning balance at Dec. 31, 2025 1,254,051 $ 130 $ 135 513,610 120,353 13,845 605,978
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 40,597       17,646   22,951
Issuance of common stock (shares)   103,661          
Exchange of LLC equity for common stock (in shares)   176,484 (157,236)        
Exchange of LLC equity for common stock 0   $ (1) 296     (295)
Cash and common stock clawbacks related to vested equity awards (in shares)   (34,041)          
Cash and common stock clawbacks related to vested equity awards $ (154)     (341)     187
Repurchase and retirement of common stock (in shares) (982,073) (982,073)          
Repurchase and retirement of common stock $ (40,305) $ (1)   (20,870)     (19,434)
Class A common stock dividends and Dividend Equivalents (17,471)       (17,471)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (8,177)           (8,177)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (5,048)     (4,115)     (933)
Distributions declared for non-controlling interest holders’ tax (11,046)           (11,046)
Change in share of equity method investments’ other comprehensive income (loss) 518         215 303
Foreign currency translation adjustments (11,262)         (4,670) (6,592)
Equity-based compensation 17,351     17,441     (90)
Ending balance (in shares) at Mar. 31, 2026   128,867,457 134,351,649        
Ending balance at Mar. 31, 2026 $ 1,219,054 $ 129 $ 134 $ 506,021 $ 120,528 $ 9,390 $ 582,852