v3.26.1
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Class A
Class B
Preferred Stock
Common Stock
Class A
Common Stock
Class B
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Beginning balance at Dec. 31, 2024 $ 315,664       $ 1 $ 0 $ 954,469 $ (698,895) $ (276) $ 60,365
Beginning balance (in shares) at Dec. 31, 2024         9,934,449 15        
Class A LLC Units Beginning balance (in shares) at Dec. 31, 2024 13,891,768                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income $ 75,000             30,209   44,791
Noncontrolling interest distributions (83)                 (83)
Equity-based compensation, net 2,157           1,500     $ 657
Conversion of Class A LLC Units for Class A Common Stock pursuant to the Exchange Agreement) (in shares)         775,000         (775,000)
Conversion of Class A LLC Units for Class A Common Stock pursuant to the Exchange Agreement 0           5,114     $ (5,114)
Settlement of RSUs (in shares)         3,625          
Cancellation of shares to fund employee tax withholdings (in shares)         (1,400)          
Cancellation of shares to fund employee tax withholdings (39)           (39)      
Issuance of Class A LLC Units (Note 15 - Earnings (Loss) Per Share) (in shares)                   102,611
Issuance of Class A LLC Units (Note 15 - Earnings (Loss) Per Share) 2,196                 $ 2,196
Class B share retirement (in shares)           (1)        
Foreign currency translation adjustment (9)               (9)  
Ending balance (in shares) at Mar. 31, 2025         10,711,674 14        
Ending balance at Mar. 31, 2025 $ 394,886       $ 1 $ 0 961,044 (668,686) (285) 102,812
Class A LLC Units Ending balance (in shares) at Mar. 31, 2025 13,219,379                  
Beginning balance (in shares) at Dec. 31, 2025 50,000     50,000            
Beginning balance at Dec. 31, 2025 $ 395,627     $ 0 $ 1 $ 0 977,816 (653,660) (285) 71,755
Beginning balance (in shares) at Dec. 31, 2025   9,921,336 14   7,899,344 12        
Class A LLC Units Beginning balance (in shares) at Dec. 31, 2025 8,381,821                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income $ 35,164             17,507   17,657
Equity-based compensation, net 3,424           2,767     $ 657
Conversion of Class A LLC Units for Class A Common Stock pursuant to the Exchange Agreement) (in shares)         650,000         (650,000)
Conversion of Class A LLC Units for Class A Common Stock pursuant to the Exchange Agreement 0           5,564     $ (5,564)
Settlement of restricted stock units (“RSUs” (in shares)         4,069          
Cancellation of shares to fund employee tax withholdings (in shares)         (1,482)          
Cancellation of shares to fund employee tax withholdings (36)           (36)      
Issuance of Class A LLC Units (Note 15 - Earnings (Loss) Per Share) (in shares)                   357,113
Issuance of Class A LLC Units (Note 15 - Earnings (Loss) Per Share) 5,912                 $ 5,912
Repurchase agreement transaction costs (Note 14 - Related Party Transactions) (852)           (852)      
Dividends declared on Preferred Stock (1,125)           (1,125)      
Ending balance (in shares) at Mar. 31, 2026   8,977,781 12   8,551,931 12        
Ending balance at Mar. 31, 2026 $ 438,114     $ 0 $ 1 $ 0 $ 984,134 $ (636,153) $ (285) $ 90,417
Ending balance (in shares) at Mar. 31, 2026 50,000     50,000            
Class A LLC Units Ending balance (in shares) at Mar. 31, 2026 8,088,934