v3.26.1
Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Common Stock
Class C Common Stock
Common Stock
Class D Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Non- Controlling Interests
Beginning balance at Dec. 31, 2024 $ 6,398,885 $ 1 $ 1 $ 0 $ 0 $ 4,813,408 $ (9,981) $ 996,763 $ 598,693
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 28,830         28,830      
Adjustments to non-controlling interests 0         3,795 (1)   (3,794)
Distributions to non-controlling interests (7,416)               (7,416)
Dividends (25,573)             (25,573)  
Stock-based compensation expense 22,708         22,708      
Payroll taxes paid for stock-based compensation (47,590)         (47,590)      
Net income 168,305             148,382 19,923
Other comprehensive income (loss) 9,056           8,171   885
Ending balance at Mar. 31, 2025 6,547,205 1 1 0 0 4,821,151 (1,811) 1,119,572 608,291
Beginning balance at Dec. 31, 2024 6,398,885 1 1 0 0 4,813,408 (9,981) 996,763 598,693
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 343,827                
Other comprehensive income (loss) 18,940                
Ending balance at Jun. 30, 2025 6,726,276 1 1 0 0 4,842,990 7,031 1,247,748 628,505
Beginning balance at Mar. 31, 2025 6,547,205 1 1 0 0 4,821,151 (1,811) 1,119,572 608,291
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans (3,352)         (3,352)      
Adjustments to non-controlling interests 0         (2,544)     2,544
Distributions to non-controlling interests (5,112)               (5,112)
Dividends (25,606)             (25,606)  
Stock-based compensation expense 27,779         27,779      
Payroll taxes paid for stock-based compensation (44)         (44)      
Net income 175,522             153,782 21,740
Other comprehensive income (loss) 9,884           8,842   1,042
Ending balance at Jun. 30, 2025 6,726,276 1 1 0 0 4,842,990 7,031 1,247,748 628,505
Beginning balance at Dec. 31, 2025 7,189,237 1 1 0 0 4,895,810 10,899 1,601,044 681,482
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock from equity incentive plans 2,983         2,983      
Share repurchases pursuant to share repurchase programs (50,724)             (50,724)  
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 34,905         34,905      
Adjustments to non-controlling interests 0         12,037 3   (12,040)
Distributions to non-controlling interests (7,646)               (7,646)
Dividends (29,770)             (29,770)  
Stock-based compensation expense 25,728         25,728      
Payroll taxes paid for stock-based compensation (84,978)         (84,978)      
Net income 233,167             205,284 27,883
Other comprehensive income (loss) (3,264)           (2,969)   (295)
Ending balance at Mar. 31, 2026 7,309,638 1 1 0 0 4,886,485 7,933 1,725,834 689,384
Beginning balance at Dec. 31, 2025 7,189,237 1 1 0 0 4,895,810 10,899 1,601,044 681,482
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 439,853                
Other comprehensive income (loss) 5,902                
Ending balance at Jun. 30, 2026 7,338,154 1 1 0 0 4,931,516 15,912 1,687,101 703,623
Beginning balance at Mar. 31, 2026 7,309,638 1 1 0 0 4,886,485 7,933 1,725,834 689,384
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share repurchases pursuant to share repurchase programs (190,317)             (190,317)  
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 4,463         4,463      
Adjustments to non-controlling interests 0         9,920 (17)   (9,903)
Distributions to non-controlling interests (2,396)               (2,396)
Dividends (29,734)             (29,734)  
Stock-based compensation expense 30,798         30,798      
Payroll taxes paid for stock-based compensation (150)         (150)      
Net income 206,686             181,318 25,368
Other comprehensive income (loss) 9,166           7,996   1,170
Ending balance at Jun. 30, 2026 $ 7,338,154 $ 1 $ 1 $ 0 $ 0 $ 4,931,516 $ 15,912 $ 1,687,101 $ 703,623