v3.25.2
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Dividend Equivalent Rights
Class A Common Stock
Class C Common Stock
Common Stock
Class A Common Stock
Common Stock
Class C Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Dividend Equivalent Rights
Additional Paid-in Capital
Class A Common Stock
Additional Paid-in Capital
Class C Common Stock
Accumulated Deficit
Accumulated Deficit
Dividend Equivalent Rights
Treasury Shares
Class A Common Stock
Treasury Shares
Class C Common Stock
Noncontrolling Interest
Noncontrolling Interest
Class C Common Stock
Beginning balance (in shares) at Dec. 31, 2023         82,451,000 74,965,000                    
Balance, beginning of period at Dec. 31, 2023 $ 3,595,274       $ 8 $ 8 $ 1,796,147       $ (187,738)   $ 0 $ (677) $ 1,987,526  
Beginning of period (in shares) at Dec. 31, 2023                         0 (26,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 18,692                   8,468       10,224  
Share-based compensation 5,104           4,543               561  
Conversion of Class C Common Stock to Class A Common Stock (in shares)         135,000 (135,000)                    
Conversion of Class C Common Stock to Class A Common Stock 0           3,265               (3,265)  
Issuance of Class A Common Stock upon vesting of share-based awards, net of shares withheld for income taxes (in shares)         50,000                      
Issuance of Class A Common Stock upon vesting of share-based awards, net of shares withheld for income taxes (607)           (607)                  
Change in deferred taxes from conversion of Class C Common Stock to Class A Common Stock (73)           (73)                  
Dividends to Class A stockholders   $ (376) $ (41,950)         $ (376) $ (41,950)              
Distributions to noncontrolling interest (38,157)                           (38,157)  
Repurchases of Class A common stock (in shares)                         (546,000)      
Repurchases of Class A Common Stock     (13,057)                   $ (13,057)      
Ending balance (in shares) at Mar. 31, 2024         82,636,000 74,830,000                    
Balance, end of period at Mar. 31, 2024 3,524,850       $ 8 $ 8 1,760,949       (179,270)   $ (13,057) $ (677) 1,956,889  
End of period (in shares) at Mar. 31, 2024                         (546,000) (26,000)    
Beginning balance (in shares) at Dec. 31, 2023         82,451,000 74,965,000                    
Balance, beginning of period at Dec. 31, 2023 3,595,274       $ 8 $ 8 1,796,147       (187,738)   $ 0 $ (677) 1,987,526  
Beginning of period (in shares) at Dec. 31, 2023                         0 (26,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 47,733                              
Ending balance (in shares) at Jun. 30, 2024         82,826,000 73,771,000                    
Balance, end of period at Jun. 30, 2024 3,431,592       $ 8 $ 7 1,737,960       (166,416)   $ (54,583) $ (1,265) 1,915,881  
End of period (in shares) at Jun. 30, 2024                         (2,230,000) (53,000)    
Beginning balance (in shares) at Mar. 31, 2024         82,636,000 74,830,000                    
Balance, beginning of period at Mar. 31, 2024 3,524,850       $ 8 $ 8 1,760,949       (179,270)   $ (13,057) $ (677) 1,956,889  
Beginning of period (in shares) at Mar. 31, 2024                         (546,000) (26,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 29,041                   12,854       16,187  
Share-based compensation 6,203           5,642               561  
Conversion of Class C Common Stock to Class A Common Stock (in shares)         162,000 (162,000)                    
Conversion of Class C Common Stock to Class A Common Stock 0           3,820               (3,820)  
Issuance of Class A Common Stock upon vesting of share-based awards, net of shares withheld for income taxes (in shares)         28,000                      
Issuance of Class A Common Stock upon vesting of share-based awards, net of shares withheld for income taxes (382)           (382)                  
Class C Common Stock withheld for income taxes upon vesting of RSAs and held in treasury (in shares)                           (27,000)    
Class C Common Stock withheld for income taxes upon vesting of RSAs and held in treasury (588)                         $ (588)    
Change in deferred taxes from conversion of Class C Common Stock to Class A Common Stock (1)           (1)                  
Dividends to Class A stockholders   (331) (33,066)         (331) (33,066)              
Distributions to noncontrolling interest (30,245)                           (30,245)  
Repurchases of Class A common stock (in shares)           (897,000)             (1,684,000)      
Repurchases of Class A Common Stock     $ (41,526) $ (22,363)   $ (1)       $ 1,329     $ (41,526)     $ (23,691)
Ending balance (in shares) at Jun. 30, 2024         82,826,000 73,771,000                    
Balance, end of period at Jun. 30, 2024 3,431,592       $ 8 $ 7 1,737,960       (166,416)   $ (54,583) $ (1,265) 1,915,881  
End of period (in shares) at Jun. 30, 2024                         (2,230,000) (53,000)    
Beginning balance (in shares) at Dec. 31, 2024     78,980,516 73,391,244 83,205,000 73,444,000                    
Balance, beginning of period at Dec. 31, 2024 3,357,118       $ 8 $ 8 1,710,372       (146,792)   $ (96,910) $ (1,265) 1,891,697  
Beginning of period (in shares) at Dec. 31, 2024     (4,224,814) (52,748)                 (4,225,000) (53,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 26,285                   10,267       16,018  
Share-based compensation 6,974           6,419               555  
Issuance of Class A Common Stock upon vesting of share-based awards, net of shares withheld for income taxes (in shares)         116,000                      
Issuance of Class A Common Stock upon vesting of share-based awards, net of shares withheld for income taxes (1,314)           (1,314)                  
Dividends to Class A stockholders   (387) $ (31,977)         (403) (31,977)     $ 16        
Distributions to noncontrolling interest (30,143)                           (30,143)  
Repurchases of Class A common stock (in shares)                         (1,103,000)      
Repurchases of Class A Common Stock     $ (22,466)                   $ (22,466)      
Ending balance (in shares) at Mar. 31, 2025         83,321,000 73,444,000                    
Balance, end of period at Mar. 31, 2025 3,304,090       $ 8 $ 8 1,683,097       (136,509)   $ (119,376) $ (1,265) 1,878,127  
End of period (in shares) at Mar. 31, 2025                         (5,328,000) (53,000)    
Beginning balance (in shares) at Dec. 31, 2024     78,980,516 73,391,244 83,205,000 73,444,000                    
Balance, beginning of period at Dec. 31, 2024 3,357,118       $ 8 $ 8 1,710,372       (146,792)   $ (96,910) $ (1,265) 1,891,697  
Beginning of period (in shares) at Dec. 31, 2024     (4,224,814) (52,748)                 (4,225,000) (53,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 40,832                              
Ending balance (in shares) at Jun. 30, 2025     77,578,656 73,367,602 83,454,000 73,444,000                    
Balance, end of period at Jun. 30, 2025 3,243,980       $ 8 $ 8 1,660,081       (129,236)   $ (128,364) $ (1,736) 1,843,219  
End of period (in shares) at Jun. 30, 2025     (5,875,907) (76,390)                 (5,876,000) (76,000)    
Beginning balance (in shares) at Mar. 31, 2025         83,321,000 73,444,000                    
Balance, beginning of period at Mar. 31, 2025 3,304,090       $ 8 $ 8 1,683,097       (136,509)   $ (119,376) $ (1,265) 1,878,127  
Beginning of period (in shares) at Mar. 31, 2025                         (5,328,000) (53,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 14,548                   7,273       7,275  
Share-based compensation 7,462           6,901               561  
Issuance of Class A Common Stock upon vesting of share-based awards, net of shares withheld for income taxes (in shares)         133,000                      
Issuance of Class A Common Stock upon vesting of share-based awards, net of shares withheld for income taxes (1,483)           (1,483)                  
Class C Common Stock withheld for income taxes upon vesting of RSAs and held in treasury (in shares)                           (23,000)    
Class C Common Stock withheld for income taxes upon vesting of RSAs and held in treasury (471)                         $ (471)    
Dividends to Class A stockholders   $ (1,328) $ (27,106)         $ (1,328) $ (27,106)              
Distributions to noncontrolling interest (42,744)                           (42,744)  
Repurchases of Class A common stock (in shares)                         (548,000)      
Repurchases of Class A Common Stock     $ (8,988)                   $ (8,988)      
Ending balance (in shares) at Jun. 30, 2025     77,578,656 73,367,602 83,454,000 73,444,000                    
Balance, end of period at Jun. 30, 2025 $ 3,243,980       $ 8 $ 8 $ 1,660,081       $ (129,236)   $ (128,364) $ (1,736) $ 1,843,219  
End of period (in shares) at Jun. 30, 2025     (5,875,907) (76,390)                 (5,876,000) (76,000)