v3.25.2
Condensed Consolidated Statements of Changes in Temporary Equity and Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class V Common Stock
Total Stockholders' Equity
Series A Convertible Preferred Stock
Series A Convertible Preferred Stock
Common stocks
Class A Common Stock
Common stocks
Class V Common Stock
Additional Paid in Capital
Accumulated Earnings (Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Temporary equity, beginning balance (in shares) at Dec. 31, 2023         8,484,000            
Temporary equity, beginning balance at Dec. 31, 2023         $ 82,836            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         3,677            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Jun. 30, 2024         8,484,000            
Temporary equity, ending balance at Jun. 30, 2024         $ 80,913            
Beginning balance (in shares) at Dec. 31, 2023           84,589,000 251,034,000        
Beginning balance at Dec. 31, 2023 $ 410,509     $ 92,704   $ 8 $ 25 $ 561,754 $ (468,995) $ (88) $ 317,805
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 50,856 $ 50,856   9,027         9,027   41,829
Accretion of Series A Convertible Preferred Stock (3,677)     (3,677)       (3,677)      
Other comprehensive income (loss) (2,313)     (579)           (579) (1,734)
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           983,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (4,588)     (4,588)       (4,588)      
Share-based compensation 8,926     8,926       8,926      
Exchange of THG units for Class A Common Stock (in shares)           131,000          
Exchange of THG units for Class A Common Stock 0     1,172       1,172     (1,172)
Distributions paid to non-controlling interest unit holders (5,320)                   (5,320)
Reallocation between controlling and non-controlling interest $ 0     (8,547)       (8,547)     8,547
Ending balance (in shares) at Jun. 30, 2024 341,070,926         85,703,000 251,034,000        
Ending balance at Jun. 30, 2024 $ 454,393     94,438   $ 8 $ 25 555,040 (459,968) (667) 359,955
Temporary equity, beginning balance (in shares) at Mar. 31, 2024         8,484,000            
Temporary equity, beginning balance at Mar. 31, 2024         $ 84,674            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         1,839            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Jun. 30, 2024         8,484,000            
Temporary equity, ending balance at Jun. 30, 2024         $ 80,913            
Beginning balance (in shares) at Mar. 31, 2024           84,656,000 251,034,000        
Beginning balance at Mar. 31, 2024 420,819     93,533   $ 8 $ 25 564,082 (470,346) (236) 327,286
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 42,657 $ 42,657   10,378         10,378   32,279
Accretion of Series A Convertible Preferred Stock (1,839)     (1,839)       (1,839)      
Other comprehensive income (loss) (1,719)     (431)           (431) (1,288)
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           916,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (4,588)     (4,588)       (4,588)      
Share-based compensation 4,383     4,383       4,383      
Exchange of THG units for Class A Common Stock (in shares)           131,000          
Exchange of THG units for Class A Common Stock 0     1,172       1,172     (1,172)
Distributions paid to non-controlling interest unit holders (5,320)                   (5,320)
Reallocation between controlling and non-controlling interest $ 0     (8,170)       (8,170)     8,170
Ending balance (in shares) at Jun. 30, 2024 341,070,926         85,703,000 251,034,000        
Ending balance at Jun. 30, 2024 $ 454,393     94,438   $ 8 $ 25 555,040 (459,968) (667) 359,955
Temporary equity, beginning balance (in shares) at Dec. 31, 2024 8,483,561       8,484,000            
Temporary equity, beginning balance at Dec. 31, 2024 $ 84,663       $ 84,663            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         3,750            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Jun. 30, 2025 8,483,561       8,484,000            
Temporary equity, ending balance at Jun. 30, 2025 $ 82,813       $ 82,813            
Beginning balance (in shares) at Dec. 31, 2024   90,032,391 251,033,906     90,032,000 251,034,000        
Beginning balance at Dec. 31, 2024 523,506     150,322   $ 9 $ 25 603,780 (451,978) (1,514) 373,184
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 74,495 $ 74,495   19,344         19,344   55,151
Accretion of Series A Convertible Preferred Stock (3,750)     (3,750)       (3,750)      
Other comprehensive income (loss) 6,792     1,776           1,776 5,016
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           606,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (2,163)     (2,163)       (2,163)      
Share-based compensation 9,538     9,538       9,538      
Exchange of THG units for Class A Common Stock (in shares)           78,000          
Exchange of THG units for Class A Common Stock 0     712       712     (712)
Distributions paid to non-controlling interest unit holders (30,380)                   (30,380)
Reallocation between controlling and non-controlling interest $ 0     (3,496)       (3,496)     3,496
Ending balance (in shares) at Jun. 30, 2025 345,815,692 90,715,648 251,033,906     90,716,000 251,034,000        
Ending balance at Jun. 30, 2025 $ 578,038     172,283   $ 9 $ 25 604,621 (432,634) 262 405,755
Temporary equity, beginning balance (in shares) at Mar. 31, 2025         8,484,000            
Temporary equity, beginning balance at Mar. 31, 2025         $ 86,538            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         1,875            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Jun. 30, 2025 8,483,561       8,484,000            
Temporary equity, ending balance at Jun. 30, 2025 $ 82,813       $ 82,813            
Beginning balance (in shares) at Mar. 31, 2025           90,065,000 251,034,000        
Beginning balance at Mar. 31, 2025 532,657     162,944   $ 9 $ 25 606,972 (443,607) (455) 369,713
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 47,202 $ 47,202   10,973         10,973   36,229
Accretion of Series A Convertible Preferred Stock (1,875)     (1,875)       (1,875)      
Other comprehensive income (loss) 2,731     717           717 2,014
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           597,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (2,119)     (2,119)       (2,119)      
Share-based compensation 5,146     5,146       5,146      
Exchange of THG units for Class A Common Stock (in shares)           54,000          
Exchange of THG units for Class A Common Stock 0     478       478     (478)
Distributions paid to non-controlling interest unit holders (5,704)                   (5,704)
Reallocation between controlling and non-controlling interest $ 0     (3,981)       (3,981)     3,981
Ending balance (in shares) at Jun. 30, 2025 345,815,692 90,715,648 251,033,906     90,716,000 251,034,000        
Ending balance at Jun. 30, 2025 $ 578,038     $ 172,283   $ 9 $ 25 $ 604,621 $ (432,634) $ 262 $ 405,755