v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Restricted stock units
Common Stock
Class A
Common Stock
Class A
Restricted stock units
Common Stock
Class B
Retained Earnings
Non-controlling Interest
Non-controlling Interest
Restricted stock units
Beginning Balance at Dec. 31, 2024 $ 637,071   $ 208,427     $ 3,349 $ 425,295  
Beginning Balance, Shares at Dec. 31, 2024     23,255,419   53,227,852      
Net income 15,459         6,464 8,995  
Deemed non-cash contributions 8,945           8,945  
RSU share-based compensation expense   $ 2,195   $ 668       $ 1,527
Cancellation of Class B shares         (34,674)      
Tax distributions (5,821)           (5,821)  
Dividends and distributions (7,662)         (2,326) (5,336)  
RSU dividend equivalent rights (75)         (23) (52)  
Changes in ownership interest adjustment     $ 860       (860)  
Offering costs (450)   (450)          
Ending Balance at Mar. 31, 2025 649,662   $ 209,505     7,464 432,693  
Ending Balance, Shares at Mar. 31, 2025     23,255,419   53,193,178      
Beginning Balance at Dec. 31, 2025 793,985   $ 317,069     23,233 453,683  
Beginning Balance, Shares at Dec. 31, 2025     27,838,199   49,250,916      
Net income 17,868         8,715 9,153  
Deemed non-cash contributions 9,002           9,002  
RSU share-based compensation expense   $ 2,262   $ 817       $ 1,445
Class A Shares issued on vesting of RSUs, net of shares withheld for tax (3)   $ (3)          
Class A Shares issued on vesting of RSUs, net of shares withheld for tax shares     1,030          
Cancellation of Class B shares         (73,141)      
Tax distributions (5,413)           (5,413)  
Dividends and distributions (9,251)         (3,341) (5,910)  
RSU dividend equivalent rights (64)         (23) (41)  
Changes in ownership interest adjustment     $ (1,702)       1,702  
Tax impact of ownership interest adjustment (270)   (270)          
Ending Balance at Mar. 31, 2026 $ 808,116   $ 315,911     $ 28,584 $ 463,621  
Ending Balance, Shares at Mar. 31, 2026     27,839,229   49,177,775