| Schedule of Changes in Stockholders' Equity |
Changes in stockholders’ equity for the three and six months ended June 30, 2025 and 2024 were as follows:
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Three Months Ended June 30, 2025 |
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Common Stock |
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Additional
Paid-in |
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Retained |
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Non-controlling |
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Total
Stockholders’ |
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Number |
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Amount |
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Capital |
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Earnings |
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Interest |
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Equity |
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(in thousands, except share data) |
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Beginning balance |
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71,332,612 |
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$ |
72 |
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$ |
135,268 |
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$ |
318,847 |
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|
$ |
(816 |
) |
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$ |
453,371 |
|
Issuance of Class A common stock from
exercise of stock options and vesting
of restricted stock units |
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40,720 |
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— |
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|
174 |
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— |
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— |
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|
174 |
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Repurchases of Class A common stock |
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(92,583 |
) |
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(1 |
) |
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(1,740 |
) |
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— |
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— |
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(1,741 |
) |
Equity-based
compensation |
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— |
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— |
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2,304 |
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— |
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— |
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2,304 |
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Cumulative translation
adjustment |
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— |
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— |
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— |
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3,502 |
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— |
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3,502 |
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Disposal of subsidiary |
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— |
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— |
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— |
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— |
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|
966 |
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|
966 |
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Net income (loss) |
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— |
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— |
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— |
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10,161 |
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(150 |
) |
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10,011 |
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Ending balance |
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71,280,749 |
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$ |
71 |
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$ |
136,006 |
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$ |
332,510 |
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$ |
— |
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$ |
468,587 |
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Three Months Ended June 30, 2024 |
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Common Stock |
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Additional
Paid-in |
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Retained |
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Non-controlling |
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Total
Stockholders’ |
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Number |
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Amount |
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Capital |
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Earnings |
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Interest |
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Equity |
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(in thousands, except share data) |
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Beginning balance |
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70,816,872 |
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$ |
71 |
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$ |
119,127 |
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$ |
270,685 |
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$ |
— |
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$ |
389,883 |
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Issuance of Class A common stock from
exercise of stock options and vesting
of restricted stock units |
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32,041 |
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— |
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|
113 |
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— |
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— |
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|
113 |
|
Repurchases of Class A common stock |
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(118,998 |
) |
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— |
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— |
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(1,899 |
) |
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— |
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(1,899 |
) |
Equity-based
compensation |
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— |
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— |
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|
2,094 |
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— |
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— |
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|
2,094 |
|
Cumulative translation
adjustment |
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— |
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— |
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— |
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|
187 |
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— |
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|
187 |
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Net income |
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— |
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— |
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— |
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15,377 |
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— |
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15,377 |
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Ending balance |
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70,729,915 |
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$ |
71 |
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$ |
121,334 |
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$ |
284,350 |
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$ |
— |
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$ |
405,755 |
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Six Months Ended June 30, 2025 |
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Common Stock |
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Additional
Paid-in |
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Retained |
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Non-controlling |
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Total
Stockholders’ |
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Number |
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Amount |
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Capital |
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Earnings |
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Interest |
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Equity |
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(in thousands, except share data) |
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Beginning balance |
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71,200,480 |
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|
$ |
72 |
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$ |
133,046 |
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$ |
305,070 |
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$ |
(403 |
) |
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$ |
437,785 |
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Issuance of Class A common stock from
exercise of stock options and vesting
of restricted stock units |
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172,852 |
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|
— |
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(357 |
) |
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— |
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— |
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(357 |
) |
Repurchases of Class A common stock |
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(92,583 |
) |
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(1 |
) |
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(1,740 |
) |
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— |
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— |
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(1,741 |
) |
Equity-based
compensation |
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— |
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— |
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|
5,057 |
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— |
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— |
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|
5,057 |
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Cumulative translation
adjustment |
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— |
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— |
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— |
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|
5,460 |
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— |
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|
5,460 |
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Disposal of subsidiary |
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— |
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— |
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— |
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— |
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|
966 |
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966 |
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Net income (loss) |
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— |
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— |
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— |
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21,980 |
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(563 |
) |
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21,417 |
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Ending balance |
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71,280,749 |
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$ |
71 |
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$ |
136,006 |
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$ |
332,510 |
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$ |
— |
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$ |
468,587 |
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Six Months Ended June 30, 2024 |
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|
Common Stock |
|
|
Additional
Paid-in |
|
|
Retained |
|
|
Non-controlling |
|
|
Total
Stockholders’ |
|
|
|
Number |
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Interest |
|
|
Equity |
|
|
|
(in thousands, except share data) |
|
Beginning balance |
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|
71,290,708 |
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|
$ |
72 |
|
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$ |
116,713 |
|
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$ |
268,355 |
|
|
$ |
— |
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|
$ |
385,140 |
|
Issuance of Class A common stock from
exercise of stock options and vesting
of restricted stock units |
|
|
88,212 |
|
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|
— |
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|
(32 |
) |
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|
— |
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|
— |
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|
(32 |
) |
Repurchases of Class A common stock |
|
|
(649,005 |
) |
|
|
(1 |
) |
|
|
— |
|
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|
(10,017 |
) |
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|
— |
|
|
|
(10,018 |
) |
Equity-based
compensation |
|
|
— |
|
|
|
— |
|
|
|
4,653 |
|
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|
— |
|
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|
— |
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|
4,653 |
|
Cumulative translation
adjustment |
|
|
— |
|
|
|
— |
|
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|
— |
|
|
|
(238 |
) |
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|
— |
|
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|
(238 |
) |
Net income |
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|
— |
|
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|
— |
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|
— |
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|
26,250 |
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— |
|
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|
26,250 |
|
Ending balance |
|
|
70,729,915 |
|
|
$ |
71 |
|
|
$ |
121,334 |
|
|
$ |
284,350 |
|
|
$ |
— |
|
|
$ |
405,755 |
|
|