v3.26.1
Condensed Consolidated Statements of Changes in Temporary Equity and Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class V Common Stock
Total Stockholders' Equity
Series A Convertible Preferred Stock
Series A Convertible Preferred Stock
Common stocks
Class A Common Stock
Common stocks
Class V Common Stock
Additional Paid in Capital
Accumulated Earnings (Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Temporary equity, beginning balance (in shares) at Dec. 31, 2024         8,484,000            
Temporary equity, beginning balance at Dec. 31, 2024         $ 84,663            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         3,750            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Jun. 30, 2025         8,484,000            
Temporary equity, ending balance at Jun. 30, 2025         $ 82,813            
Beginning balance (in shares) at Dec. 31, 2024           90,032,000 251,034,000        
Beginning balance at Dec. 31, 2024 $ 523,506     $ 150,322   $ 9 $ 25 $ 603,780 $ (451,978) $ (1,514) $ 373,184
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 74,495 $ 74,495   19,344         19,344   55,151
Accretion of Series A Convertible Preferred Stock (3,750)     (3,750)       (3,750)      
Other comprehensive income (loss) 6,792     1,776           1,776 5,016
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           606,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (2,163)     (2,163)       (2,163)      
Share-based compensation 9,538     9,538       9,538      
Exchange of THG units for Class A Common Stock (in shares)           78,000          
Exchange of THG units for Class A Common Stock 0     712       712     (712)
Distributions paid to non-controlling interest unit holders (30,380)                   (30,380)
Reallocation between controlling and non-controlling interest $ 0     (3,496)       (3,496)     3,496
Ending balance (in shares) at Jun. 30, 2025 345,815,692         90,716,000 251,034,000        
Ending balance at Jun. 30, 2025 $ 578,038     172,283   $ 9 $ 25 604,621 (432,634) 262 405,755
Temporary equity, beginning balance (in shares) at Mar. 31, 2025         8,484,000            
Temporary equity, beginning balance at Mar. 31, 2025         $ 86,538            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         1,875            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Jun. 30, 2025         8,484,000            
Temporary equity, ending balance at Jun. 30, 2025         $ 82,813            
Beginning balance (in shares) at Mar. 31, 2025           90,065,000 251,034,000        
Beginning balance at Mar. 31, 2025 532,657     162,944   $ 9 $ 25 606,972 (443,607) (455) 369,713
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 47,202     10,973         10,973   36,229
Accretion of Series A Convertible Preferred Stock (1,875)     (1,875)       (1,875)      
Other comprehensive income (loss) 2,731     717           717 2,014
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           597,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (2,119)     (2,119)       (2,119)      
Share-based compensation 5,146     5,146       5,146      
Exchange of THG units for Class A Common Stock (in shares)           54,000          
Exchange of THG units for Class A Common Stock 0     478       478     (478)
Distributions paid to non-controlling interest unit holders (5,704)                   (5,704)
Reallocation between controlling and non-controlling interest $ 0     (3,981)       (3,981)     3,981
Ending balance (in shares) at Jun. 30, 2025 345,815,692         90,716,000 251,034,000        
Ending balance at Jun. 30, 2025 $ 578,038     172,283   $ 9 $ 25 604,621 (432,634) 262 405,755
Temporary equity, beginning balance (in shares) at Dec. 31, 2025 8,483,561       8,484,000            
Temporary equity, beginning balance at Dec. 31, 2025 $ 86,618       $ 86,618            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         3,978            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Jun. 30, 2026 8,483,561       8,484,000            
Temporary equity, ending balance at Jun. 30, 2026 $ 84,996       $ 84,996            
Beginning balance (in shares) at Dec. 31, 2025   100,706,893 241,552,156     100,707,000 241,552,000        
Beginning balance at Dec. 31, 2025 660,408     221,316   $ 10 $ 24 623,013 (402,960) 1,229 439,092
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) (4,704) $ (4,704)   (4,211)         (4,211)   (493)
Accretion of Series A Convertible Preferred Stock (3,978)     (3,978)       (3,978)      
Other comprehensive income (loss) (7,847)     (2,297)           (2,297) (5,550)
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           674,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (2,942)     (2,942)       (2,942)      
Share-based compensation 9,710     9,710       9,710      
Exchange of THG units for Class A Common Stock (in shares)           424,000          
Exchange of THG units for Class A Common Stock 0     797       797     (797)
Distributions paid to non-controlling interest unit holders (837)                   (837)
Reallocation between controlling and non-controlling interest $ 0     (2,936)       (2,936)     2,936
Ending balance (in shares) at Jun. 30, 2026 346,801,330 101,804,938 241,552,156     101,805,000 241,552,000        
Ending balance at Jun. 30, 2026 $ 649,810     215,459   $ 10 $ 24 623,664 (407,171) (1,068) 434,351
Temporary equity, beginning balance (in shares) at Mar. 31, 2026         8,484,000            
Temporary equity, beginning balance at Mar. 31, 2026         $ 88,648            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         1,948            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Jun. 30, 2026 8,483,561       8,484,000            
Temporary equity, ending balance at Jun. 30, 2026 $ 84,996       $ 84,996            
Beginning balance (in shares) at Mar. 31, 2026           101,085,000 241,552,000        
Beginning balance at Mar. 31, 2026 645,395     218,683   $ 10 $ 24 626,166 (407,451) (66) 426,712
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 8,041     280         280   7,761
Accretion of Series A Convertible Preferred Stock (1,948)     (1,948)       (1,948)      
Other comprehensive income (loss) (3,412)     (1,002)           (1,002) (2,410)
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           666,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (2,881)     (2,881)       (2,881)      
Share-based compensation 5,093     5,093       5,093      
Exchange of THG units for Class A Common Stock (in shares)           54,000          
Exchange of THG units for Class A Common Stock 0     99       99     (99)
Distributions paid to non-controlling interest unit holders (478)                   (478)
Reallocation between controlling and non-controlling interest $ 0     (2,865)       (2,865)     2,865
Ending balance (in shares) at Jun. 30, 2026 346,801,330 101,804,938 241,552,156     101,805,000 241,552,000        
Ending balance at Jun. 30, 2026 $ 649,810     $ 215,459   $ 10 $ 24 $ 623,664 $ (407,171) $ (1,068) $ 434,351