Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Members' Equity

v3.22.2
Consolidated Statements of Members' Equity - USD ($)
$ in Thousands
Total
Mezzanine Equity [Member]
Member Units [Member]
Common Stock [Member]
Class A Common Stock [Member]
Common Stock [Member]
Common Units Class B [Member]
Additional Paid-in Capital [Member]
Retained Earnings (Accumulated Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Non-controlling Interest [Member]
Beginning balance at Dec. 31, 2020 $ 71,090   $ 67,088         $ 2,702 $ 1,300
Beginning balance , Mezzanine Equity at Dec. 31, 2020   $ 239,635              
Net income (loss) (3,801)   (6,251)           2,450
Foreign currency translation, net of tax (352)             (352)  
Change in share of equity method investment in related party other comprehensive income (738)             (738)  
Accumulation of preferred dividends (% return), net of tax distributions (6,736)   (6,736)            
Accretion of premium on mezzanine equity (598) 598 (598)            
Related party acquisition (48,267)   (44,517)           (3,750)
Distributions declared - Members' tax (14,236)   (14,236)            
Repurchases of Class A units (227)   (227)            
Equity-based compensation 4,430   4,430            
Ending balance at Mar. 31, 2021 565   (1,047)         1,612  
Ending balance , Mezzanine Equity at Mar. 31, 2021   240,233              
Beginning balance at Dec. 31, 2020 71,090   67,088         2,702 1,300
Beginning balance , Mezzanine Equity at Dec. 31, 2020   239,635              
Net income (loss) 59,606                
Ending balance at Jun. 30, 2021 (20,624)   (23,032)         2,408  
Ending balance , Mezzanine Equity at Jun. 30, 2021   240,831              
Beginning balance at Mar. 31, 2021 565   (1,047)         1,612  
Beginning balance , Mezzanine Equity at Mar. 31, 2021   240,233              
Net income (loss) 63,407   63,407            
Foreign currency translation, net of tax 796             796  
Accumulation of preferred dividends (% return), net of tax distributions 1,073   1,073            
Accretion of premium on mezzanine equity (598) 598 (598)            
Related party acquisition (101)   (101)            
Distributions declared - Members' tax (9,521)   (9,521)            
Reclassification from preferred units to repurchase payable (75,012)   (75,012)            
Repurchases of Class A units (4,398)   (4,398)            
Equity-based compensation 3,165   3,165            
Ending balance at Jun. 30, 2021 (20,624)   $ (23,032)         2,408  
Ending balance , Mezzanine Equity at Jun. 30, 2021   $ 240,831              
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2021 594,777     $ 110 $ 149 $ 348,865 $ (7,064) 1,714 251,003
Beginning balance , Mezzanine Equity at Dec. 31, 2021 0                
Balance Beginning at Dec. 31, 2021       109,894,548 149,162,107        
Net income (loss) 18,076           6,911   11,165
Issuance of common stock       91,743          
Exchange of common units for common stock           47     (47)
Exchange of common units for common stock, shares       77,261 (77,261)        
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership changes (704)         (704)      
Foreign currency translation, net of tax (765)             (58) (707)
Change in share of equity method investment in related party other comprehensive income (3,050)             (1,302) (1,748)
Distributions declared - Members' tax (7,543)               (7,543)
Equity-based compensation 23,248         23,225     23
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2022 624,039     $ 110 $ 149 371,433 (153) 354 252,146
Balance Ending at Mar. 31, 2022       110,063,552 149,084,846        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2021 594,777     $ 110 $ 149 348,865 (7,064) 1,714 251,003
Beginning balance , Mezzanine Equity at Dec. 31, 2021 0                
Balance Beginning at Dec. 31, 2021       109,894,548 149,162,107        
Net income (loss) 88,196                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2022 701,514     $ 111 $ 148 385,908 24,348 (1,259) 292,258
Ending balance , Mezzanine Equity at Jun. 30, 2022 0                
Balance Ending at Jun. 30, 2022       111,206,112 147,990,243        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Mar. 31, 2022 624,039     $ 110 $ 149 371,433 (153) 354 252,146
Balance Beginning at Mar. 31, 2022       110,063,552 149,084,846        
Net income (loss) 70,120           24,501   45,619
Issuance of common stock       60,511          
Exchange of common units for common stock       $ 1 $ (1) 1,998     (1,998)
Exchange of common units for common stock, shares       1,094,603 (1,094,603)        
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership changes (319)         (319)      
Foreign currency translation, net of tax (3,505)             (1,186) (2,319)
Change in share of equity method investment in related party other comprehensive income 1,287             554 733
Distributions declared - Members' tax (7,610)               (7,610)
Forfeiture of common stock       (12,554)          
Gain on interest rate cap, net 296             127 169
Equity-based compensation 19,780         12,796     6,984
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jun. 30, 2022 701,514     $ 111 $ 148 $ 385,908 $ 24,348 $ (1,259) $ 292,258
Ending balance , Mezzanine Equity at Jun. 30, 2022 $ 0                
Balance Ending at Jun. 30, 2022       111,206,112 147,990,243