CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands |
Total |
Accumulated Other Comprehensive Income |
Additional Paid-in Capital |
Retained Earnings |
Treasury Stock |
Noncontrolling Interests |
Common Stock - Class A
Common Stock
|
Common Stock - Class B
Common Stock
|
| Shares outstanding, beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
|
|
|
32,882,124
|
60,226,153
|
| Beginning balance at Dec. 31, 2023 |
$ 937,650
|
|
$ 275,241
|
$ 648,412
|
$ 0
|
$ 13,066
|
$ 329
|
$ 602
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Stock-based compensation |
8,525
|
|
8,525
|
|
|
|
|
|
| Vesting of stock-based compensation (in shares) |
|
|
|
|
|
|
952,669
|
|
| Vesting of stock-based compensation |
0
|
|
(9)
|
|
|
|
$ 9
|
|
| Withholding of common stock for taxes (in shares) |
|
|
|
|
|
|
(332,716)
|
|
| Withholding of common stock for taxes |
(12,464)
|
|
(12,461)
|
|
|
|
$ (3)
|
|
| Repurchases of common stock (in shares) |
|
|
|
|
|
|
(71,833)
|
|
| Repurchases of common stock |
(1,846)
|
|
|
|
(1,846)
|
|
|
|
| Distributions |
(11,980)
|
|
|
|
|
(11,980)
|
|
|
| Preferred stock dividends declared |
(6,750)
|
|
|
(6,750)
|
|
|
|
|
| Class B common stock exchanged for Class A common stock (in shares) |
|
|
|
|
|
|
1,000,000
|
(1,000,000)
|
| Class B common stock exchanged for Class A common stock |
|
|
|
|
|
|
$ 10
|
$ (10)
|
| Net income |
138,446
|
|
|
135,437
|
|
3,009
|
|
|
| Shares outstanding, ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
34,430,244
|
59,226,153
|
| Ending balance at Jun. 30, 2024 |
$ 1,051,581
|
|
271,296
|
777,099
|
(1,846)
|
4,095
|
$ 345
|
$ 592
|
| Beginning balance (in shares) at Dec. 31, 2023 |
150,000
|
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
$ 148,500
|
|
|
|
|
|
|
|
| Redeemable noncontrolling interest, beginning balance at Dec. 31, 2023 |
0
|
|
|
|
|
|
|
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Noncontrolling interest issued in business combination |
$ 21,451
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
150,000
|
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 148,500
|
|
|
|
|
|
|
|
| Redeemable noncontrolling interest, ending balance at Jun. 30, 2024 |
21,451
|
|
|
|
|
|
|
|
| Shares outstanding, beginning balance (in shares) at Mar. 31, 2024 |
|
|
|
|
|
|
34,419,949
|
59,226,153
|
| Beginning balance at Mar. 31, 2024 |
974,002
|
|
268,242
|
699,531
|
0
|
5,293
|
$ 344
|
$ 592
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Stock-based compensation |
5,063
|
|
5,063
|
|
|
|
|
|
| Vesting of stock-based compensation (in shares) |
|
|
|
|
|
|
128,953
|
|
| Vesting of stock-based compensation |
0
|
|
(1)
|
|
|
|
$ 1
|
|
| Withholding of common stock for taxes (in shares) |
|
|
|
|
|
|
(46,825)
|
|
| Withholding of common stock for taxes |
(2,008)
|
|
(2,008)
|
|
|
|
|
|
| Repurchases of common stock (in shares) |
|
|
|
|
|
|
(71,833)
|
|
| Repurchases of common stock |
(1,846)
|
|
|
|
(1,846)
|
|
|
|
| Distributions |
(3,018)
|
|
|
|
|
(3,018)
|
|
|
| Preferred stock dividends declared |
(3,375)
|
|
|
(3,375)
|
|
|
|
|
| Net income |
82,763
|
|
|
80,943
|
|
1,820
|
|
|
| Shares outstanding, ending balance (in shares) at Jun. 30, 2024 |
|
|
|
|
|
|
34,430,244
|
59,226,153
|
| Ending balance at Jun. 30, 2024 |
$ 1,051,581
|
|
271,296
|
777,099
|
(1,846)
|
4,095
|
$ 345
|
$ 592
|
| Beginning balance (in shares) at Mar. 31, 2024 |
150,000
|
|
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
$ 148,500
|
|
|
|
|
|
|
|
| Redeemable noncontrolling interest, beginning balance at Mar. 31, 2024 |
28,533
|
|
|
|
|
|
|
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Noncontrolling interest issued in business combination |
$ (7,082)
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
150,000
|
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 148,500
|
|
|
|
|
|
|
|
| Redeemable noncontrolling interest, ending balance at Jun. 30, 2024 |
21,451
|
|
|
|
|
|
|
|
| Shares outstanding, beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
|
|
35,710,848
|
57,726,153
|
| Beginning balance at Dec. 31, 2024 |
1,250,409
|
$ 0
|
281,559
|
970,253
|
(7,827)
|
5,487
|
$ 360
|
$ 577
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Stock-based compensation |
14,760
|
|
14,760
|
|
|
|
|
|
| Vesting of stock-based compensation (in shares) |
|
|
|
|
|
|
982,856
|
|
| Vesting of stock-based compensation |
0
|
|
(10)
|
|
|
|
$ 10
|
|
| Withholding of common stock for taxes (in shares) |
|
|
|
|
|
|
(317,456)
|
|
| Withholding of common stock for taxes |
(7,883)
|
|
(7,880)
|
|
|
|
$ (3)
|
|
| Repurchases of common stock (in shares) |
|
|
|
|
|
|
(989,968)
|
|
| Repurchases of common stock |
(23,020)
|
|
|
|
(23,020)
|
|
|
|
| Distributions |
(3,962)
|
|
|
|
|
(3,962)
|
|
|
| Preferred stock dividends declared |
(6,750)
|
|
|
(6,750)
|
|
|
|
|
| Net income |
111,549
|
|
|
111,483
|
|
66
|
|
|
| Other comprehensive income, net of tax |
583
|
583
|
|
|
|
|
|
|
| Shares outstanding, ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
|
|
35,386,280
|
57,726,153
|
| Ending balance at Jun. 30, 2025 |
$ 1,335,686
|
583
|
288,429
|
1,074,986
|
(30,847)
|
1,591
|
$ 367
|
$ 577
|
| Beginning balance (in shares) at Dec. 31, 2024 |
150,000
|
|
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 148,500
|
|
|
|
|
|
|
|
| Redeemable noncontrolling interest, beginning balance at Dec. 31, 2024 |
21,451
|
|
|
|
|
|
|
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Noncontrolling interest issued in business combination |
$ 8,088
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
150,000
|
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 148,500
|
|
|
|
|
|
|
|
| Redeemable noncontrolling interest, ending balance at Jun. 30, 2025 |
29,539
|
|
|
|
|
|
|
|
| Shares outstanding, beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
|
|
36,010,368
|
57,726,153
|
| Beginning balance at Mar. 31, 2025 |
1,293,849
|
0
|
284,161
|
1,021,781
|
(14,790)
|
1,755
|
$ 365
|
$ 577
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Stock-based compensation |
5,307
|
|
5,307
|
|
|
|
|
|
| Vesting of stock-based compensation (in shares) |
|
|
|
|
|
|
127,627
|
|
| Vesting of stock-based compensation |
0
|
|
(2)
|
|
|
|
$ 2
|
|
| Withholding of common stock for taxes (in shares) |
|
|
|
|
|
|
(46,311)
|
|
| Withholding of common stock for taxes |
(1,037)
|
|
(1,037)
|
|
|
|
|
|
| Repurchases of common stock (in shares) |
|
|
|
|
|
|
(705,404)
|
|
| Repurchases of common stock |
(16,057)
|
|
|
|
(16,057)
|
|
|
|
| Distributions |
(123)
|
|
|
|
|
(123)
|
|
|
| Preferred stock dividends declared |
(3,375)
|
|
|
(3,375)
|
|
|
|
|
| Net income |
56,539
|
|
|
56,580
|
|
(41)
|
|
|
| Other comprehensive income, net of tax |
583
|
583
|
|
|
|
|
|
|
| Shares outstanding, ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
|
|
35,386,280
|
57,726,153
|
| Ending balance at Jun. 30, 2025 |
$ 1,335,686
|
$ 583
|
$ 288,429
|
$ 1,074,986
|
$ (30,847)
|
$ 1,591
|
$ 367
|
$ 577
|
| Beginning balance (in shares) at Mar. 31, 2025 |
150,000
|
|
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
$ 148,500
|
|
|
|
|
|
|
|
| Redeemable noncontrolling interest, beginning balance at Mar. 31, 2025 |
29,019
|
|
|
|
|
|
|
|
| Increase (Decrease) in Temporary Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Noncontrolling interest issued in business combination |
$ 520
|
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
150,000
|
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 148,500
|
|
|
|
|
|
|
|
| Redeemable noncontrolling interest, ending balance at Jun. 30, 2025 |
$ 29,539
|
|
|
|
|
|
|
|