v3.25.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Summary of Quarterly Dividends
The following table summarizes the quarterly dividends related to the Company’s quarterly financial results (in thousands, except per share data):
Quarter EndedQuarterly Dividend per Class A Common
Share		Class A Cash Dividends PaidPayment DateStockholder Record Date
March 31, 2025$0.35 $27,106 May 30, 2025May 20, 2025
December 31, 2024$0.41 $31,977 March 28, 2025March 14, 2025
September 30, 2024$0.28 $22,185 November 27, 2024November 19, 2024
June 30, 2024$0.30 $24,071 August 30, 2024August 19, 2024
Schedule of Basic and Diluted Earnings Per Share
The following table sets forth the calculation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Numerator:
Net income attributable to Class A stockholders$7,273 $12,854 $17,539 $21,322 
Less: Earnings allocated to participating securities(1,328)(331)(1,731)(707)
Net income attributable to Class A stockholders - basic and diluted$5,945 $12,523 $15,808 $20,615 
Denominator:
Weighted average shares outstanding - basic77,575 80,751 77,961 81,578 
Effect of dilutive securities269 128 231 183 
Weighted average shares outstanding - diluted77,844 80,879 78,192 81,761 
Net income per common share - basic$0.08 $0.16 $0.20 $0.25 
Net income per common share - diluted$0.08 $0.15 $0.20 $0.25 
Schedule of Computation of Diluted Earnings Per Share
The Company had the following shares that were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive for the periods presented but could potentially dilute basic earnings per share in future periods (in thousands):
Three Months Ended June 30,Six Months Ended
June 30,
2025202420252024
Unvested share-based compensation awards7861,2256381,441
Shares of Class C Common Stock if converted73,38573,88373,38874,380
Total74,17175,10874,02675,821