v3.26.1
Stockholders’ Deficit
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders’ Deficit
Note 10. Stockholders’ Deficit
Share Repurchase Programs
Under the Company’s share repurchase programs, share repurchases may be made at the Company’s discretion from time to time in open market transactions, privately negotiated transactions, or other means, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934. The programs do not obligate the Company to repurchase any specific dollar amount or to acquire any specific number of shares of its Class A Common Stock. The timing and number of any shares repurchased under the programs will depend on a variety of factors, including stock price, trading volume, and general business and market conditions.
The following tables summarize the share repurchase activity of the Company’s Class A Common Stock for the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months Ended June 30,
20262025
SharesAmountSharesAmount
Repurchases under share repurchase programs2,237 $92,052 1,256 $32,185 
Amounts for excise tax withholdings and broker’s commissions (1)
— 235 — — 
Total repurchases of common stock (2)
2,237 $92,287 1,256 $32,185 
Six Months Ended June 30,
20262025
SharesAmountSharesAmount
Repurchases under share repurchase programs4,809 $174,156 3,078 $82,149 
Amounts for excise tax withholdings and broker’s commissions (1)
— 495 — 72 
Total repurchases of common stock (2)
4,809 $174,651 3,078 $82,221 
(1)The amounts are included in additional paid-in capital as part of the repurchased stock’s cost basis.
(2)The number of shares reflected in the Condensed Consolidated Statements of Stockholders’ Deficit may differ from the shares reported in the table above due to the timing of trade settlement. Shares are recorded in Stockholders’ Deficit on the settlement date, whereas the table above reflects shares on the trade date.
As of June 30, 2026, approximately $325.8 million remained authorized and available under the Company’s share repurchase programs for future share repurchases.
Dividends
The following table summarizes our dividend activity for the periods presented (in thousands, except per share data):
Record DatePayment DateDividend Per ShareTotal Amount
3/9/20263/16/2026$0.0750 $6,413 
6/2/20266/11/2026$0.0750 $6,361 
In July 2026, our Board of Directors approved a cash dividend of $0.125 per share, representing, approximately, a 67% increase from the previous quarterly dividend of $0.075 per share. The dividend is payable on August 20, 2026 to stockholders of record as of the close of business on August 6, 2026, on each of the Company's Class A common stock, Class B common stock, and Series A Convertible Preferred Stock (on an as-converted basis).
The declaration, payment, and amount of any future dividends will be at the discretion of our Board of Directors and will depend on, among other factors, our results of operations, financial condition, liquidity, capital requirements, and other factors deemed relevant by our Board.