v3.26.1
Earnings (Loss) Per Share - Schedule of Diluted Earnings (Loss) Per Share by Common Class (Details)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2026
shares
Mar. 31, 2025
shares
Mar. 31, 2026
USD ($)
$ / shares
shares
Mar. 31, 2025
USD ($)
$ / shares
shares
Numerator        
Preferred Stock dividends     $ 0 $ 0
Net loss from discontinued operations attributable to holders of Class A Common Stock - basic     0 (2,028)
Reallocation of net loss from discontinued operations assuming exchange of Class A LLC Units     0 (1,995)
Net loss from discontinued operations attributable to holders of Class A Common Stock - diluted     $ 0 $ (4,023)
Denominator        
Weighted average shares of Class A Common Stock outstanding - basic (in shares) | shares     8,500,966 10,177,266
Additional dilutive shares under the treasury stock method (in shares) | shares     728,163 1,000,033
Weighted average shares of Class A Common Stock outstanding - diluted (in shares) | shares     19,237,695 30,167,024
Diluted earnings (loss) per share        
Continuing operations (in USD per shares) | $ / shares     $ 0.88 $ 2.56
Discontinued operations (in USD per share) | $ / shares     0 (0.13)
Diluted earnings per share (in USD per share) | $ / shares     $ 0.88 $ 2.43
Exchange ratio     1 1
Preferred Stock        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares     1,428,571  
Fair value adjustment, net of income tax effects excluded from calculation of earnings (loss) per diluted share     $ 1,100  
American Advisors Group (AAG) | Capital Unit, Class A        
Diluted earnings (loss) per share        
Shares issued at closing of transaction (in shares) | shares 357,113 102,611    
Restricted Stock Units (RSUs)        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares     728,163 1,000,033
Employee Stock Option        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares     1,490,000 720,000
Exchangeable Secured Notes | Senior Notes        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares     5,337,928 5,337,928
Interest expense for exchangeable secured notes     $ 2,100  
Class A Common Stock        
Numerator        
Net income from continuing operations attributable to holders of Class A Common Stock - basic     16,382 $ 32,237
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     7,743 42,708
Exchangeable Secured Notes interest expense, net     0 2,291
Convertible Notes fair value adjustment, net     (7,195) 0
Net income from continuing operations attributable to holders of Class A Common Stock - diluted     $ 16,930 $ 77,236
Denominator        
Weighted average shares of Class A Common Stock outstanding - basic (in shares) | shares     8,500,966 10,177,266
Assumed exchange of weighted average Class A LLC Units for shares of Class A Common Stock (in shares) | shares     7,786,344 13,651,797
Assumed conversion of Preferred Stock for shares of Class A Common Stock (in shares) | shares     0 0
Weighted average shares of Class A Common Stock outstanding - diluted (in shares) | shares     19,237,695 30,167,024
Diluted earnings (loss) per share        
Diluted earnings per share (in USD per share) | $ / shares     $ 0.88 $ 2.43
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     $ 7,743 $ 42,708
Class A Common Stock | Preferred Stock        
Numerator        
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     1,000  
Diluted earnings (loss) per share        
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     1,000  
Class A Common Stock | Convertible Notes Payable        
Numerator        
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     $ 1,500  
Denominator        
Assumed exchange of Notes for shares of Class A Common Stock (in shares) | shares     2,222,222 0
Diluted earnings (loss) per share        
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     $ 1,500  
Class A Common Stock | Capital Unit, Class A        
Numerator        
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     6,200 $ 34,700
Diluted earnings (loss) per share        
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     6,200 34,700
Class A Common Stock | Exchangeable Secured Notes        
Numerator        
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     3,200 8,000
Diluted earnings (loss) per share        
Reallocation of net income from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock     $ 3,200 $ 8,000
Class A Common Stock | Exchangeable Secured Notes | Secured Debt        
Denominator        
Assumed exchange of Notes for shares of Class A Common Stock (in shares) | shares     0 5,337,928