v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND MEZZANINE EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Class A Common Stock
Common stock
Class B Common Stock
Common stock
Balance at the beginning of the period (in shares) at Dec. 31, 2024           68,151 11,433
Balance at the beginning of the period at Dec. 31, 2024 $ 1,264,179 $ 520,794 $ 552,133 $ (2,491) $ 193,062 $ 681 $ 0
Stockholders' Equity              
Member distributions (8,743)       (8,743)    
Effect of CC Unit redemptions (in shares)           173 (173)
Effect of CC Unit redemptions 0 3,031     (3,031)    
Tax impact of equity transactions 586 586          
Equity award vestings (in shares)           250  
Equity award vestings (5,710) (4,223)     (1,491) $ 4  
Other comprehensive income (loss) 662     508 154    
Share repurchases (in shares)           0  
Share repurchases 0 0     0 $ 0  
Stock-based compensation 12,542 10,757     1,785    
Cash dividends declared (18,131)   (18,131)        
Net income 103,152   84,552   18,600    
Balance at the end of the period (in shares) at Jun. 30, 2025           68,574 11,260
Balance at the end of the period at Jun. 30, 2025 1,348,537 530,945 618,554 (1,983) 200,336 $ 685 $ 0
Balance at the beginning of the period at Dec. 31, 2024 0            
Balance at the end of the period at Jun. 30, 2025 0            
Balance at the beginning of the period (in shares) at Mar. 31, 2025           68,390 11,433
Balance at the beginning of the period at Mar. 31, 2025 1,305,370 522,386 587,321 (2,355) 197,335 $ 683 $ 0
Stockholders' Equity              
Redeemable non-controlling interest (3,654)       (3,654)    
Effect of CC Unit redemptions (in shares)           173 (173)
Effect of CC Unit redemptions 0 3,031     (3,031)    
Tax impact of equity transactions 185 185          
Equity award vestings (in shares)           11  
Equity award vestings (212) (153)     (61) $ 2  
Other comprehensive income (loss) 497     372 125    
Stock-based compensation 6,400 5,496     904    
Cash dividends declared (9,096)   (9,096)        
Net income 49,047   40,329   8,718    
Balance at the end of the period (in shares) at Jun. 30, 2025           68,574 11,260
Balance at the end of the period at Jun. 30, 2025 1,348,537 530,945 618,554 (1,983) 200,336 $ 685 $ 0
Balance at the beginning of the period at Mar. 31, 2025 0            
Balance at the end of the period at Jun. 30, 2025 0            
Balance at the beginning of the period (in shares) at Dec. 31, 2025           68,890 10,958
Balance at the beginning of the period at Dec. 31, 2025 1,433,048 546,926 680,353 (1,577) 206,658 $ 688 $ 0
Stockholders' Equity              
Redeemable non-controlling interest (94,140)   (81,507)   (12,633)    
Member distributions (4,250)       (4,250)    
Effect of CC Unit redemptions (in shares)           412 (412)
Effect of CC Unit redemptions 0 7,774     (7,776) $ 2  
Tax impact of equity transactions 19,487 19,487          
Equity award vestings (in shares)           331  
Equity award vestings (8,005) (6,062)     (1,946) $ 3  
Other comprehensive income (loss) 321     142 179    
Stock-based compensation 14,443 12,498     1,945    
Cash dividends declared (19,813)   (19,813)        
Acquisition of non-controlling interest 19,320       19,320    
Net income 101,601   81,902   19,699    
Balance at the end of the period (in shares) at Jun. 30, 2026           69,633 10,546
Balance at the end of the period at Jun. 30, 2026 1,462,012 580,623 660,935 (1,435) 221,196 $ 693 $ 0
Balance at the beginning of the period at Dec. 31, 2025 0            
Mezzanine Equity              
Redeemable non-controlling interest 94,140            
Acquisition of non-controlling interest 146,738            
Net income 243            
Balance at the end of the period at Jun. 30, 2026 241,121            
Balance at the beginning of the period (in shares) at Mar. 31, 2026           69,416 10,758
Balance at the beginning of the period at Mar. 31, 2026 1,405,653 569,607 621,917 (1,829) 215,265 $ 693 $ 0
Stockholders' Equity              
Member distributions (2,748)       (2,748)    
Effect of CC Unit redemptions (in shares)           212 (212)
Effect of CC Unit redemptions 0 3,918     (3,918) $ 0  
Tax impact of equity transactions 769 769          
Equity award vestings (in shares)           5  
Equity award vestings (127) (85)     (42) $ 0  
Other comprehensive income (loss) 174     394 (220)    
Stock-based compensation 7,404 6,414     990    
Cash dividends declared (9,978)   (9,978)        
Acquisition of non-controlling interest (515)       (515)    
Net income 61,380   48,996   12,384    
Balance at the end of the period (in shares) at Jun. 30, 2026           69,633 10,546
Balance at the end of the period at Jun. 30, 2026 1,462,012 $ 580,623 $ 660,935 $ (1,435) $ 221,196 $ 693 $ 0
Balance at the beginning of the period at Mar. 31, 2026 240,608            
Mezzanine Equity              
Net income 513            
Balance at the end of the period at Jun. 30, 2026 $ 241,121