v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Class A common stock
Total Stockholders' Equity
Class A common stock
Common Stock
Class A common stock
Additional Paid-In Capital
Class A common stock
Unvested restricted stock
Total Stockholders' Equity
Unvested restricted stock
Additional Paid-In Capital
Unvested restricted stock
Class B common stock
Common Stock
Class B common stock
Noncontrolling Interests
Class B common stock
Total Stockholders' Equity
Additional Paid-In Capital
Accumulated Deficit
Noncontrolling Interests
Total
Beginning balance at Dec. 31, 2023   $ 1,022           $ 162     $ 772,488 $ 1,008,095 $ (236,791) $ 119,684 $ 892,172
Beginning balance (in shares) at Dec. 31, 2023   102,172,863           16,221,101              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Equity-based compensation                     10,845 10,845   1,715 12,560
Issuance of restricted shares   $ 12                 1,262 1,250   (1,262)  
Issuance of restricted shares (in shares)   1,231,832                          
Stock options exercised   $ 1                   (1)      
Stock options exercised (in shares)   129,716                          
Repurchase of common stock   $ (9)                 (7,031) (7,022)   (121) (7,152)
Repurchase of common stock ( in shares)   (964,718)                          
Restricted shares forfeited   $ (1)                 (76) (75)   76  
Restricted shares forfeited (in shares)   (74,008)                          
Performance shares vested   $ 3                 311 308   (311)  
Performance shares vested (in shares)   303,917                          
Dividend and distribution declared $ (11,933)   $ (11,933) $ (11,933) $ (344) $ (344) $ (344)   $ (1,947) $ (1,947)          
Net income                     16,493   16,493 2,281 18,774
Ending balance at Jun. 30, 2024   $ 1,028           $ 162     782,015 1,001,123 (220,298) 120,115 902,130
Ending balance (in shares) at Jun. 30, 2024   102,799,602           16,221,101              
Beginning balance at Mar. 31, 2024   $ 1,027           $ 162     769,990 1,001,967 (233,166) 118,331 888,321
Beginning balance (in shares) at Mar. 31, 2024   102,705,260           16,221,101              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Equity-based compensation                     5,355 5,355   846 6,201
Issuance of restricted shares   $ 1                 115 114   (115)  
Issuance of restricted shares (in shares)   112,996                          
Stock options exercised   $ 1                   (1)      
Stock options exercised (in shares)   129,716                          
Repurchase of common stock   $ (1)                 (138) (137)   (18) (156)
Repurchase of common stock ( in shares)   (134,381)                          
Restricted shares forfeited                     (14) (14)   14  
Restricted shares forfeited (in shares)   (13,989)                          
Dividend and distribution declared (6,002)   (6,002) (6,002) (159) (159) (159)   (974) (974)          
Net income                     12,868   12,868 2,031 14,899
Ending balance at Jun. 30, 2024   $ 1,028           $ 162     782,015 1,001,123 (220,298) 120,115 902,130
Ending balance (in shares) at Jun. 30, 2024   102,799,602           16,221,101              
Beginning balance at Dec. 31, 2024   $ 1,031           $ 162     793,520 998,474 (206,147) 122,014 915,534
Beginning balance (in shares) at Dec. 31, 2024   103,069,732           16,221,101              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Equity-based compensation                     5,775 5,775   904 6,679
Issuance of restricted shares   $ 11                 1,158 1,147   (1,158)  
Issuance of restricted shares (in shares)   1,114,855                          
Cashless exercise of options                     216 216     216
Cashless exercise of options (in shares)   24,943                          
Repurchase of common stock   $ (6)                 (6,145) (6,139)   (507) (6,652)
Repurchase of common stock ( in shares)   (576,430)                          
Restricted shares forfeited                     (43) (43)   43  
Restricted shares forfeited (in shares)   (41,682)                          
Performance shares vested   $ 6                 406 400   (406)  
Performance shares vested (in shares)   594,295                          
Contributions from noncontrolling interests                           2,875 2,875
Dividend and distribution declared (14,132)   (14,132) (14,132) (361) (361) (361)   (2,271) (2,271)          
Net income                     18,886   18,886 2,345 21,231
Ending balance at Jun. 30, 2025   $ 1,042           $ 162     799,280 985,337 (187,261) 123,839 923,119
Ending balance (in shares) at Jun. 30, 2025   104,185,713           16,221,101              
Beginning balance at Mar. 31, 2025   $ 1,039           $ 162     793,078 989,785 (197,908) 123,871 916,949
Beginning balance (in shares) at Mar. 31, 2025   103,884,767           16,221,101              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Equity-based compensation                     2,766 2,766   432 3,198
Issuance of restricted shares   $ 4                 390 386   (390)  
Issuance of restricted shares (in shares)   374,771                          
Repurchase of common stock   $ (1)                 (280) (279)   (5) (285)
Repurchase of common stock ( in shares)   (32,143)                          
Restricted shares forfeited                     (43) (43)   43  
Restricted shares forfeited (in shares)   (41,682)                          
Dividend and distribution declared $ (7,103)   $ (7,103) $ (7,103) $ (175) $ (175) $ (175)   $ (1,136) $ (1,136)          
Net income                     10,647   10,647 1,024 11,671
Ending balance at Jun. 30, 2025   $ 1,042           $ 162     $ 799,280 $ 985,337 $ (187,261) $ 123,839 $ 923,119
Ending balance (in shares) at Jun. 30, 2025   104,185,713           16,221,101