v3.25.2
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Treasury Stock
Accumulated Other Comprehensive Loss
Additional Paid-in Capital
Retained Earnings
Non-controlling Interest
Common Class A
Common Class A
Common Stock
Common Class B
Common Class B
Common Stock
Balance at beginning of period (in shares) at Dec. 31, 2023                 3,262,000   4,000,000
Balance at beginning of period (in shares) at Dec. 31, 2023     (29,000)                
Balance at beginning of period at Dec. 31, 2023 $ 38,719 $ 46,600 $ (2,406) $ (40) $ 40,002 $ 8,972 $ (7,881)   $ 32   $ 40
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Stock based compensation 1,720 1,720     1,720            
Restricted stock unit vesting (in shares)                 62,000    
Restricted stock unit vesting (286) (286)     (287)       $ 1    
Consolidated net income 34,759 16,191       16,191 18,568        
Contribution for cash settlement / merger 643           643        
Distributions paid to non-controlling unit holders (4,495)           (4,495)        
Distribution to controlling interest         0            
Dividends paid to Preferred Stockholders (5,423) (5,423)       (5,423)          
Treasury Shares (in shares)     29,000                
Treasury Shares 0   $ 2,406   (2,406)            
Changes in ownership interest 0 (541)     (541)   541        
Balance at end of period (in shares) at Jun. 30, 2024                 3,324,000   4,000,000
Balance at end of period (in shares) at Jun. 30, 2024     0                
Balance at end of period at Jun. 30, 2024 65,637 58,261 $ 0 (40) 38,488 19,740 7,376   $ 33   $ 40
Balance at beginning of period (in shares) at Mar. 31, 2024                 3,262,000   4,000,000
Balance at beginning of period (in shares) at Mar. 31, 2024     (29,000)                
Balance at beginning of period at Mar. 31, 2024 55,466 53,181 $ (2,406) (40) 40,726 14,829 2,285   $ 32   $ 40
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Stock based compensation 1,234 1,234     1,234            
Restricted stock unit vesting (in shares)                 62,000    
Restricted stock unit vesting (286) (286)     (287)       $ 1    
Consolidated net income 15,695 7,624       7,624 8,071        
Contribution for cash settlement / merger 643           643        
Distributions paid to non-controlling unit holders (4,402)           (4,402)        
Distribution to controlling interest         0            
Dividends paid to Preferred Stockholders (2,713) (2,713)       (2,713)          
Treasury Shares (in shares)     29,000                
Treasury Shares 0   $ 2,406   (2,406)            
Changes in ownership interest 0 (779)     (779)   779        
Balance at end of period (in shares) at Jun. 30, 2024                 3,324,000   4,000,000
Balance at end of period (in shares) at Jun. 30, 2024     0                
Balance at end of period at Jun. 30, 2024 65,637 58,261 $ 0 (40) 38,488 19,740 7,376   $ 33   $ 40
Balance at beginning of period (in shares) at Dec. 31, 2024               3,529,602 3,530,000 3,793,727 3,794,000
Balance at beginning of period at Dec. 31, 2024 80,961 66,733 0 (40) 39,719 26,981 14,228   $ 35   $ 38
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Consolidated net income 21,618 11,537       11,537 10,081        
Distributions paid to non-controlling unit holders (12,780)           (12,780)        
Distribution to controlling interest (in shares)                 263,000   (263,000)
Distribution to controlling interest (3,408) (3,408)     (223) (3,185)     $ 3   $ (3)
Dividends paid to Preferred Stockholders (4,727) (4,727)       (4,727)          
Changes in ownership interest 0 (1,930)     (1,930)   1,930        
Balance at end of period (in shares) at Jun. 30, 2025               3,792,493 3,793,000 3,530,836 3,531,000
Balance at end of period at Jun. 30, 2025 81,664 68,205 0 (40) 37,566 30,606 13,459   $ 38   $ 35
Balance at beginning of period (in shares) at Mar. 31, 2025                 3,793,000   3,531,000
Balance at beginning of period at Mar. 31, 2025 91,990 72,713 0 (40) 39,229 33,451 19,277   $ 38   $ 35
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Consolidated net income 3,151 2,739       2,739 412        
Distributions paid to non-controlling unit holders (7,893)           (7,893)        
Distribution to controlling interest (3,185) (3,185)     0 (3,185)          
Dividends paid to Preferred Stockholders (2,399) (2,399)       (2,399)          
Changes in ownership interest 0 (1,663)     (1,663)   1,663        
Balance at end of period (in shares) at Jun. 30, 2025               3,792,493 3,793,000 3,530,836 3,531,000
Balance at end of period at Jun. 30, 2025 $ 81,664 $ 68,205 $ 0 $ (40) $ 37,566 $ 30,606 $ 13,459   $ 38   $ 35