v3.25.1
Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
(Accumulated Deficit) Retained Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interest
Balance at Dec. 31, 2021 $ 774,817 $ 1,178 $ 772,451 $ 971 $ 217  
Balance, shares at Dec. 31, 2021   117,824,173        
Net loss [1] (53,907)     (53,907)    
Other comprehensive income (loss), net of tax 27,272       27,272  
Share-based compensation 3,547   3,547      
Acquisition of noncontrolling interest 1,890   1,890      
Shares issued under share-based compensation plan, including tax effects 234 $ 1 233      
Shares issued under share-based compensation plan, including tax effects, shares   36,666        
Adjustment of redeemable noncontrolling interests to redemption amount 923     923    
Other       6,297 (6,297)  
Balance at Dec. 31, 2022 754,776 $ 1,179 778,121 (45,716) 21,192  
Balance, shares at Dec. 31, 2022   117,860,839        
Net loss [1] (154,603)     (154,538)   $ (65)
Other comprehensive income (loss), net of tax (8,648)       (8,648)  
Share-based compensation 3,917   3,917      
Shares issued under share-based compensation plan, including tax effects 598 $ 1 597      
Shares issued under share-based compensation plan, including tax effects, shares   77,870        
Repurchase of stock options (10,000)   (10,000)      
Investment in noncontrolling interest 670     (65)   735
Repurchase of shares of common stock (1,300) $ (1) (1,299)      
Repurchase of shares of common stock, shares   (81,654)        
Balance at Dec. 31, 2023 585,410 $ 1,179 771,336 (200,319) 12,544 670
Balance, shares at Dec. 31, 2023   117,857,055        
Net loss [1] (18,732)     (18,062)   $ (670)
Other comprehensive income (loss), net of tax (11,126)       (11,126)  
Share-based compensation 69,174   69,174      
Exercise of stock options 1,535 $ 2 1,533      
Exercise of stock options, shares   234,608        
Issuance of common stock for settlement of RSUs   $ 2 (2)      
Issuance of common stock for settlement of RSUs, shares   241,971        
Shares withheld related to net share settlement (1,196) $ (1) (1,195)      
Shares withheld related to net share settlement, shares   (93,678)        
Shares issued for payment of acquisition 31,081 $ 26 31,055      
Shares issued for payment of acquisition, shares   2,570,503        
Derecognition of redeemable noncontrolling interest, net of tax 8,665   12,439 (3,774)    
Issuance of common stock on initial public offering, net [2] 661,777 $ 533 661,244      
Issuance of common stock on initial public offering, net, shares [2]   53,333,334        
Proceeds from stock purchase contract issued under tangible equity units, net [3] 321,611   321,611      
Other (344) $ 1 (345)      
Other, shares   102,197        
Balance at Dec. 31, 2024 $ 1,647,855 $ 1,742 $ 1,866,850 $ (222,155) $ 1,418  
Balance, shares at Dec. 31, 2024   174,245,990        
[1] Net loss to the Company for the years ended December 31, 2024, 2023, and 2022 excludes $(1,789), $(2,167), and $(312), respectively, allocable to the redeemable noncontrolling interests for our joint venture arrangements.
[2] Issuance of common stock on initial public offering is presented net of underwriting discounts and commissions, and offering-related expenses of $36.8 million and tax benefit of $5.3 million.
[3] Proceeds from stock purchase contract issued under tangible equity units is presented net of underwriting discounts and commissions of $9.1 million.