v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
INVENTORIES $ 2,524,356 $ 2,443,279
INVESTMENT IN UNCONSOLIDATED ENTITIES 124,904 153,087
PROPERTIES AND EQUIPMENT, NET 29,217 29,264
INTANGIBLE ASSETS, NET—RELATED PARTY 15,389 17,250
GOODWILL 69,812 69,812
CASH AND CASH EQUIVALENTS 348,382 425,546
RESTRICTED CASH AND CERTIFICATES OF DEPOSIT 992 992
TOTAL 3,220,186 3,249,003
LIABILITIES:    
Notes payable, net 444,048 443,348
Accounts payable and other liabilities 107,994 106,199
Related party liabilities 17,736 70,973
Deferred income tax liability, net 63,602 58,343
Payable pursuant to tax receivable agreement 181,501 181,544
Total liabilities 814,881 860,407
COMMITMENTS AND CONTINGENT LIABILITIES (Note 12)
REDEEMABLE NONCONTROLLING INTERESTS 69,920 70,155
CAPITAL:    
Contributed capital 613,863 616,751
Retained earnings 236,677 228,043
Accumulated other comprehensive loss (1,545) (1,549)
Total members’ capital 848,995 843,245
Noncontrolling interests 1,486,390 1,475,196
Total capital 2,335,385 2,318,441
TOTAL 3,220,186 3,249,003
Related Party    
ASSETS    
OTHER ASSETS 87,175 89,509
LIABILITIES:    
Related party liabilities 17,736 70,973
Nonrelated Party    
ASSETS    
OTHER ASSETS $ 19,959 $ 20,264