v3.25.2
STOCKHOLDERS’ EQUITY AND EQUITY-BASED COMPENSATION - Narrative (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 26, 2025
shares
Jul. 13, 2021
$ / shares
shares
Jun. 30, 2025
USD ($)
vote
shares
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
plan
tradingDay
vote
shares
Jun. 30, 2024
USD ($)
Dec. 31, 2024
shares
Dec. 31, 2023
shares
Sep. 20, 2023
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Stock, shares authorized (in shares)     1,525,000,000   1,525,000,000        
Common stock authorized (in shares)     1,500,000,000   1,500,000,000   1,500,000,000    
Preferred stock authorized (in shares)     25,000,000   25,000,000        
Voting rights, non-citizen investors (as a percent)         1.00%        
Number of equity-based compensation plans | plan         9        
Compensation expense (reversal) | $     $ 8,295,000 $ 14,268,000 $ 20,956,000 $ 25,479,000      
Treasury stock, at cost (in shares)     810,309   810,309   439,451    
Repurchased common stock (in shares)         225,378        
Repurchase of common stock | $     $ 250,000   $ 300,000        
Term Loan | Credit Agreement | Term Loan and Revolving Credit Facility                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Face amount | $     390,000,000   $ 390,000,000       $ 350,000,000
WUP Profits Interests                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Weighted average remaining contractual term (in years)         6 years        
PSUs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation | $     2,300,000   $ 2,300,000        
Unrecognized compensation cost recognition period (in years)         2 years        
Executive Performance Award                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation | $     127,900,000   $ 127,900,000        
Unrecognized compensation cost recognition period (in years)         3 years 6 months        
Number of trading day period prior to the applicable determination date | tradingDay         60        
Compensation expense (reversal) | $     4,989,000 11,115,000 $ 14,516,000 $ 19,147,000      
Earnout Share                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Compensation expense (reversal) | $     $ 0 $ 0          
Nonvested awards (in shares)   900,000              
Earnout Share | Second share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Nonvested awards (in shares)     3,000,000   3,000,000        
Earnout Share | Third share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Nonvested awards (in shares)     3,000,000   3,000,000        
Earnout Share | First share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Nonvested awards (in shares)     3,000,000   3,000,000        
Profit Interest Based Award and Restricted Stock                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Weighted average remaining contractual term (in years)         1 year 8 months 12 days        
Compensation expense (reversal) | $         $ 57,900,000        
WUP Stock Option Plan | Stock options                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)         4 years        
Service period (in years)         4 years        
Expiration period (in years)         10 years        
Aggregate intrinsic value | $     $ 0   $ 0        
Weighted average remaining contractual term, exercisable (in years)         3 years 8 months 12 days        
Weighted average remaining contractual term, outstanding (in years)         3 years 8 months 12 days        
2021 LTIP                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Shares authorized (in shares)     60,100,000   60,100,000        
Common Stock available for awards (in shares) 30,000,000           25,000,000 2,415,000  
2021 LTIP | Stock options                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)         3 years        
Service period (in years)         3 years        
Aggregate intrinsic value | $     $ 0   $ 0        
Weighted average remaining contractual term, exercisable (in years)         2 years 4 months 24 days        
Weighted average remaining contractual term, outstanding (in years)         2 years 4 months 24 days        
2021 LTIP | RSUs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation | $     $ 29,900,000   $ 29,900,000        
Unrecognized compensation cost recognition period (in years)         2 years 9 months 18 days        
Nonvested awards (in shares)     20,037,000   20,037,000   10,134,000    
2021 LTIP | RSUs | Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting period (in years)         4 years        
Service period (in years)         4 years        
2021 LTIP | PSUs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Nonvested awards (in shares)     1,877,000   1,877,000   387,000    
CEO Performance Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Inducement grant plan (up to) (in shares)     73,000,000   73,000,000        
CEO Performance Plan | Executive Performance Award                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Expected term (in years)         5 years 2 months 12 days        
CEO Performance Plan | Executive Performance Award | Second share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights percentage (as a percent)         25.00%        
CEO Performance Plan | Executive Performance Award | Third share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights percentage (as a percent)         25.00%        
CEO Performance Plan | Executive Performance Award | Fourth share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights percentage (as a percent)         25.00%        
CEO Performance Plan | Executive Performance Award | First share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights percentage (as a percent)         25.00%        
CFO Performance Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Inducement grant plan (up to) (in shares)     12,000,000   12,000,000        
CFO Performance Plan | Executive Performance Award                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Grant date fair value | $     $ 9,700,000   $ 9,700,000        
Expected term (in years)         3 years 9 months 18 days        
Compensation expense (reversal) | $         $ (4,100,000)        
CFO Performance Plan | Executive Performance Award | Second share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights percentage (as a percent)         33.333%        
CFO Performance Plan | Executive Performance Award | Third share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights percentage (as a percent)         33.333%        
CFO Performance Plan | Executive Performance Award | First share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights percentage (as a percent)         33.333%        
CCO Performance Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Inducement grant plan (up to) (in shares)     15,000,000   15,000,000        
CCO Performance Plan | Executive Performance Award                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights percentage (as a percent)         50.00%        
Expected term (in years)         4 years 8 months 12 days        
Forfeited     0.50   0.50        
CK Wheels                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Voting restrictions (as a percent)     23.90%   23.90%        
Delta                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Voting restrictions (as a percent)     29.90%   29.90%        
Common Stock                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Common stock authorized (in shares)     1,500,000,000   1,500,000,000        
Voting rights per share | vote     1   1        
Common Class A | Earnout Share | Second share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting milestone (in dollars per share) | $ / shares   $ 150.00              
Common Class A | Earnout Share | Third share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting milestone (in dollars per share) | $ / shares   175.00              
Common Class A | Earnout Share | First share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting milestone (in dollars per share) | $ / shares   $ 125.00              
Common Class A | WUP Stock Option Plan | Stock options                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of common stock exercisable for each outstanding stock option (in shares)     1   1        
Common Class B | First share price vesting threshold                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Minimum threshold days (in days)   20 days              
Number of consecutive trading days (in days)   30 days