Noncontrolling Interests |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Noncontrolling Interest [Abstract] | |
| Noncontrolling Interests | Noncontrolling Interests The holders of IntermediateCo Class B common stock have the right to require IntermediateCo to redeem all or a portion of their IntermediateCo Class B common stock for, at the Company’s election, (1) newly issued shares of the Company’s Class A common stock on a one-for-one basis or (2) a cash payment equal to the product of the number of shares of IntermediateCo Class B common stock subject to redemption and the arithmetic average of the closing stock prices for a share of the Company’s Class A common stock for each of three (3) consecutive full trading days ending on and including the last full trading day immediately prior to the date of redemption (subject to customary adjustments, including for stock splits, stock dividends and reclassifications). As of June 30, 2026, the Company recognized noncontrolling interests for the 5,759,555 shares, representing approximately 2.3% of the non-voting Class B shares, of IntermediateCo that are not attributable to the Company. As of December 31, 2025, the Company recognized noncontrolling interests for the 5,869,555 shares, representing approximately 2.3% of the non-voting Class B shares, of IntermediateCo that are not attributable to the Company. As of June 30, 2026, noncontrolling interests of $49.6 million were reflected in the unaudited Condensed Consolidated Statements of Stockholders’ Equity.
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