v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 75,269 $ 60,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 73,736 54,323
Non-cash interest expense 247 506
Loss on disposal of assets 1 53
Loss on extinguishment of debt 0 809
Equity-based compensation 12,157 8,865
Deferred income taxes 14,764 7,340
Remeasurement gain on TRAs (437) 0
Non-cash operating lease cost 14,046 9,566
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (484) (2,935)
Inventories, net 7,664 (5,931)
Prepaid expenses and other current assets (3,093) 2,085
Other long-term assets 1,203 (1,634)
Accounts payable 5,265 (488)
Other current liabilities 16,939 (2,279)
Deferred revenue (10,731) 390
Other long-term liabilities 0 (8)
Operating lease liabilities (9,613) (4,718)
Net cash provided by operating activities 196,933 126,781
Cash flows from investing activities:    
Purchases of property and equipment (129,290) (99,762)
Proceeds from disposal of property and equipment 47 31
Acquisition of assets (19,805) 0
Net cash used in investing activities (149,048) (99,731)
Cash flows from financing activities:    
Payments on finance lease liabilities (9,576) (7,111)
Proceeds from long-term debt 0 250,000
Payments on long-term debt (1,939) (284,748)
Payments of debt issuance costs 0 (1,547)
Tax withholding payments upon vesting of equity awards (6,343) (11,018)
Distributions to non-controlling interest holders (16,854) (6,867)
Payments under tax receivable agreements (13,953) (4,698)
Net cash used in financing activities (48,665) (65,989)
Net decrease in cash and cash equivalents (780) (38,939)
Cash and cash equivalents, beginning of period 269,404 293,354
Cash and cash equivalents, end of period 268,624 254,415
Supplemental disclosure of cash flow information    
Interest paid 18,123 20,154
Income taxes paid 1,682 890
Supplemental disclosure of noncash investing and financing activities    
Additions of property and equipment recorded as liabilities as of end of period $ 18,294 $ 21,475