| Schedule of Changes in Stockholders' Equity |
Changes in stockholders’ equity for the three months ended March 31, 2026 and 2025 were as follows:
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Three Months Ended March 31, 2026 |
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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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71,371,922 |
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$ |
71 |
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$ |
144,249 |
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$ |
368,215 |
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$ |
— |
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$ |
512,535 |
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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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158,101 |
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— |
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(540 |
) |
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— |
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— |
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(540 |
) |
Equity-based compensation |
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— |
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— |
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3,249 |
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— |
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— |
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3,249 |
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Cumulative translation adjustment |
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— |
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— |
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— |
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(751 |
) |
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— |
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(751 |
) |
Issuance of non-controlling interest at fair value |
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— |
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— |
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(1,749 |
) |
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— |
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1,749 |
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— |
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Net income (loss) |
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— |
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— |
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— |
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14,352 |
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(594 |
) |
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13,758 |
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Ending balance |
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71,530,023 |
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$ |
71 |
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$ |
145,209 |
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$ |
381,816 |
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$ |
1,155 |
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$ |
528,251 |
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Three Months Ended March 31, 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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132,132 |
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— |
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(531 |
) |
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— |
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— |
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(531 |
) |
Equity-based compensation |
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— |
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— |
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2,753 |
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— |
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— |
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2,753 |
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Cumulative translation adjustment |
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— |
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— |
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— |
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1,958 |
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— |
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1,958 |
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Net income (loss) |
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— |
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— |
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— |
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11,819 |
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(413 |
) |
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11,406 |
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Ending 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 |
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