UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands |
Total |
Moonrise Acquisition |
Additional Paid in Capital |
Additional Paid in Capital
Moonrise Acquisition
|
Retained Earnings (Deficit) |
Non-controlling interest |
Series A Preferred Units and Stock |
Series A Preferred Units and Stock
Series A Preferred Stock
|
Common Class A
Common Stock
|
Common Class A
Common Stock
Moonrise Acquisition
|
Common Class B
Common Stock
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Beginning balance at Dec. 31, 2024 | $ 965,125 | $ 540,714 | $ (183,333) | $ 497,333 | $ 110,230 | $ 106 | $ 75 | ||||
| Equity | |||||||||||
| Net income (loss) | 1,042 | (1,887) | (989) | 3,918 | |||||||
| Dividend paid on Series A Preferred Stock | (3,359) | $ (3,359) | |||||||||
| Equity compensation | 2,375 | 2,375 | |||||||||
| Tax withholdings and associated payments on vested SMC LTIP awards | (2,837) | (2,838) | 1 | ||||||||
| Moonrise Acquisition | $ 17,895 | $ 17,890 | $ 5 | ||||||||
| Conversion of Class B Common Stock and Partnership Common Units | 0 | 10 | (10) | ||||||||
| Tax impact of Up-C Structure | (12,280) | (12,280) | |||||||||
| Equity shift | 0 | 86,526 | (86,526) | ||||||||
| Ending balance at Mar. 31, 2025 | 967,961 | 632,387 | (185,220) | 409,818 | 110,789 | 122 | 65 | ||||
| Beginning balance at Dec. 31, 2025 | 946,556 | 638,427 | (202,902) | 400,376 | 110,468 | 122 | 65 | ||||
| Equity | |||||||||||
| Net income (loss) | (5,096) | (5,295) | (2,914) | 3,113 | |||||||
| Dividend paid on Series A Preferred Stock | (49,416) | $ (49,416) | |||||||||
| Equity compensation | 3,036 | 3,036 | |||||||||
| Tax withholdings and associated payments on vested SMC LTIP awards | (2,796) | (2,796) | |||||||||
| Moonrise Acquisition | $ 0 | ||||||||||
| Share issuance | 41,459 | 41,445 | 14 | ||||||||
| Tax impact of Up-C Structure | (18,751) | (18,751) | |||||||||
| Equity shift | 0 | 78,286 | (78,286) | ||||||||
| Ending balance at Mar. 31, 2026 | $ 914,992 | $ 739,647 | $ (208,197) | $ 319,176 | $ 64,165 | $ 136 | $ 65 |