v3.25.1
Basic and Diluted Net Income per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Income per Share The following table presents the calculation of basic and diluted net income per share under the two-class method.
Three Months Ended March 31,
20252024
Net income$19.5 $28.5 
Less: Net income attributable to noncontrolling interests(2.8)(7.9)
Net income attributable to common stockholders - basic16.7 20.6 
Reallocation of net income from noncontrolling interests to common stockholders due to effect of dilutive securities1.7 0.1 
Net income attributable to common stockholders - diluted$18.4 $20.7 
Numerator - allocation of net income attributable to common stockholders:
Net income allocated to Class A common stock - basic$16.4 $20.1 
Reallocation of net income from noncontrolling interests to common stockholders due to effect of dilutive securities1.7 0.1 
Net income allocated to Class A common stock - diluted$18.1 $20.2 
Net income allocated to Class C common stock - basic$0.3 $0.5 
Reallocation of net income from noncontrolling interests to common stockholders due to effect of dilutive securities— — 
Net income allocated to Class C common stock - diluted$0.3 $0.5 
Denominator:
Weighted average shares of Class A common stock outstanding - basic (a)67,700,208 64,444,479 
Effect of dilutive securities:
LLC Interests (b)19,801,028 — 
RSUs1,324,385 1,517,750 
2025 Convertible Notes1,878,115 — 
Weighted average shares of Class A common stock outstanding - diluted90,703,736 65,962,229 
Weighted average shares of Class C common stock outstanding - basic and diluted1,452,252 1,694,915 
Net income per share - basic:
Class A common stock$0.24 $0.31 
Class C common stock$0.24 $0.31 
Net income per share - diluted:
Class A common stock$0.20 $0.31 
Class C common stock$0.20 $0.31 
(a) For the three months ended March 31, 2024, included 3,733,306 shares that had been committed but not issued as of March 31, 2024 primarily related to the acquisition of Finaro.
(b) For the three months ended March 31, 2024, 23,831,883 LLC Interests were excluded from the calculation of diluted net income per share as the effect would be anti-dilutive.