Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity (Unaudited)

v3.23.2
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Class A Common Stock [Member]
Common Stock [Member]
Class B Common Stock [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, 2021 $ 594,777 $ 110 $ 149 $ 348,865 $ (7,064) $ 1,714 $ 251,003
Balance Beginning, Shares at Dec. 31, 2021   109,894,548 149,162,107        
Net income 18,076       6,911   11,165
Issuance of common stock, shares   91,743          
Exchange of LLC equity 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)      
Distributions declared - members' tax (7,543)           (7,543)
Change in share of equity method investment in related party other comprehensive income (loss) (3,050)         (1,302) (1,748)
Foreign currency translation adjustments (765)         (58) (707)
Equity-based compensation 23,248     23,225     23
Ending Balance at Mar. 31, 2022 624,039 $ 110 $ 149 371,433 (153) 354 252,146
Balance Ending, Shares at Mar. 31, 2022   110,063,552 149,084,846        
Beginning balance at Dec. 31, 2021 594,777 $ 110 $ 149 348,865 (7,064) 1,714 251,003
Balance Beginning, Shares at Dec. 31, 2021   109,894,548 149,162,107        
Net income 88,196            
Ending Balance at Jun. 30, 2022 701,514 $ 111 $ 148 385,908 24,348 (1,259) 292,258
Balance Ending, Shares at Jun. 30, 2022   111,206,112 147,990,243        
Beginning balance at Mar. 31, 2022 624,039 $ 110 $ 149 371,433 (153) 354 252,146
Balance Beginning, Shares at Mar. 31, 2022   110,063,552 149,084,846        
Net income 70,120       24,501   45,619
Issuance of common stock, shares   60,511          
Exchange of LLC equity for common stock   $ 1 $ (1) 1,998     (1,998)
Exchange of common units for common stock, shares   1,094,603 (1,094,603)        
Forfeiture of common stock   (12,554)          
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (319)     (319)      
Distributions declared - members' tax (7,610)           (7,610)
Change in share of equity method investment in related party other comprehensive income (loss) (1,287)         (554) (733)
Gain (Loss) on interest rate cap, net 296         127 169
Foreign currency translation adjustments (3,505)         (1,186) (2,319)
Equity-based compensation 19,780     12,796     6,984
Ending Balance at Jun. 30, 2022 701,514 $ 111 $ 148 385,908 24,348 (1,259) 292,258
Balance Ending, Shares at Jun. 30, 2022   111,206,112 147,990,243        
Beginning balance at Dec. 31, 2022 817,812 $ 112 $ 147 418,123 53,988 6,035 339,407
Balance Beginning, Shares at Dec. 31, 2022   112,437,825 147,214,275        
Net income 36,457       13,160   23,297
Issuance of common stock, shares   3,468          
Exchange of LLC equity for common stock   $ 1 $ (1) 1,430     (1,430)
Exchange of common units for common stock, shares   792,358 (792,358)        
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (395)     (395)      
Distributions declared - members' tax (15,382)           (15,382)
Change in share of equity method investment in related party other comprehensive income (loss) 584         214 370
Gain (Loss) on interest rate cap, net (6,140)         (2,251) (3,889)
Foreign currency translation adjustments 783         285 498
Equity-based compensation 17,879     17,740     139
Ending Balance at Mar. 31, 2023 851,598 $ 113 $ 146 436,898 67,148 4,283 343,010
Balance Ending, Shares at Mar. 31, 2023   113,233,651 146,421,917        
Beginning balance at Dec. 31, 2022 817,812 $ 112 $ 147 418,123 53,988 6,035 339,407
Balance Beginning, Shares at Dec. 31, 2022   112,437,825 147,214,275        
Net income 120,274            
Ending Balance at Jun. 30, 2023 943,918 $ 115 $ 144 452,925 97,226 8,525 384,983
Balance Ending, Shares at Jun. 30, 2023   115,208,931 144,571,839        
Beginning balance at Mar. 31, 2023 851,598 $ 113 $ 146 436,898 67,148 4,283 343,010
Balance Beginning, Shares at Mar. 31, 2023   113,233,651 146,421,917        
Net income 83,817       30,078   53,739
Issuance of common stock, shares   104,196 21,006        
Exchange of LLC equity for common stock   $ 2 $ (2) 3,474     (3,474)
Exchange of common units for common stock, shares   1,871,084 (1,871,084)        
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes 449     449      
Distributions declared - members' tax (21,992)           (21,992)
Change in share of equity method investment in related party other comprehensive income (loss) 868         323 545
Gain (Loss) on interest rate cap, net 10,250         3,816 6,434
Foreign currency translation adjustments 279         103 176
Equity-based compensation 18,649     12,104     6,545
Ending Balance at Jun. 30, 2023 $ 943,918 $ 115 $ 144 $ 452,925 $ 97,226 $ 8,525 $ 384,983
Balance Ending, Shares at Jun. 30, 2023   115,208,931 144,571,839