Tax Receivable Agreements |
6 Months Ended |
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Jun. 30, 2026 | |
| Tax Receivable Agreements [Abstract] | |
| Tax Receivable Agreements | Note 14 - Tax Receivable Agreements For information related to our TRAs, refer to Note 15 - Tax Receivable Agreements in our 2025 Form 10-K. As of June 30, 2026 and December 31, 2025, the Company had a liability of $2,726.4 million and $2,731.9 million, respectively, related to its projected obligations under the TRAs. During the three months ended June 30, 2026 and 2025, we recognized a TRA measurement gain of $4.1 million and $14.6 million, respectively. During the six months ended June 30, 2026 and 2025, we recognized a TRA measurement gain of $5.5 million and $13.4 million, respectively. The TRA remeasurement is recognized within Other income, net on our Consolidated Statements of Operations. The TRA measurement gains recognized during 2026 were principally due to the utilization of certain tax attributes without a corresponding realized cash tax benefit, and a revaluation for changes in the Company’s blended state tax rate. The TRA measurement gains recognized during 2025 were principally due to a revaluation for changes in the Company’s blended state tax rate. No payments were made to TRA holders pursuant to the TRA during the six months ended June 30, 2026 and 2025.
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