v3.26.1
Condensed Consolidated Statements of Shareholders' and Member's Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Class A
Common Stock
Class B
Retained Earnings [Member]
Non-controlling Interest
Beginning Balance at Dec. 31, 2024 $ 637,071 $ 208,427   $ 3,349 $ 425,295
Beginning Balance, Shares at Dec. 31, 2024   23,255,419 53,227,852    
Net income 15,459     6,464 8,995
Deemed non-cash contributions 8,945       8,945
RSU share-based compensation expense 2,195 $ 668     1,527
Cancellation of Class B shares     (34,674)    
Tax distributions (5,821)       (5,821)
Dividends and distributions (7,662)     (2,326) (5,336)
RSU dividend equivalent rights (75)     (23) (52)
Change in Ownership Interest Adjustment   860     (860)
Offering costs (450) (450)      
Ending Balance at Mar. 31, 2025 649,662 $ 209,505   7,464 432,693
Ending Balance, Shares at Mar. 31, 2025   23,255,419 53,193,178    
Beginning Balance at Dec. 31, 2024 637,071 $ 208,427   3,349 425,295
Beginning Balance, Shares at Dec. 31, 2024   23,255,419 53,227,852    
Net income 33,934        
Ending Balance at Jun. 30, 2025 684,965 $ 254,022   12,426 418,517
Ending Balance, Shares at Jun. 30, 2025   25,155,419 51,213,492    
Beginning Balance at Mar. 31, 2025 649,662 $ 209,505   7,464 432,693
Beginning Balance, Shares at Mar. 31, 2025   23,255,419 53,193,178    
Net income 18,475     7,502 10,973
Deemed non-cash contributions 9,044       9,044
RSU share-based compensation expense 2,227 $ 715     1,512
Redemption of Class B shares to Class A shares   1,900,000      
Redemption of Class B shares to Class A shares     (1,900,000)    
Cancellation of Class B shares     (79,686)    
Tax distributions (16,650)       (16,650)
Dividends and distributions (7,639)     (2,515) (5,124)
RSU dividend equivalent rights (76)     (25) (51)
Change in Ownership Interest Adjustment   $ 13,880     (13,880)
Tax impact of ownership interest adjustment 30,123 30,123      
Offering costs (201) (201)      
Ending Balance at Jun. 30, 2025 684,965 $ 254,022   12,426 418,517
Ending Balance, Shares at Jun. 30, 2025   25,155,419 51,213,492    
Beginning Balance at Dec. 31, 2025 793,985 $ 317,069   23,233 453,683
Beginning Balance, Shares at Dec. 31, 2025   27,838,199 49,250,916    
Net income 17,868     8,715 9,153
Deemed non-cash contributions 9,002       9,002
RSU share-based compensation expense 2,262 $ 817     1,445
Class A Shares issued on vesting of RSUs, net of shares withheld for tax, Shares   1,030      
Class A Shares issued on vesting of RSUs, net of shares withheld for tax (3) $ (3)      
Cancellation of Class B shares     (73,141)    
Tax distributions (5,413)       (5,413)
Dividends and distributions (9,251)     (3,341) (5,910)
RSU dividend equivalent rights (64)     (23) (41)
Change in Ownership Interest Adjustment   (1,702)     1,702
Tax impact of ownership interest adjustment (270) (270)      
Ending Balance at Mar. 31, 2026 808,116 $ 315,911   28,584 463,621
Ending Balance, Shares at Mar. 31, 2026   27,839,229 49,177,775    
Beginning Balance at Dec. 31, 2025 793,985 $ 317,069   23,233 453,683
Beginning Balance, Shares at Dec. 31, 2025   27,838,199 49,250,916    
Net income 48,917        
Ending Balance at Jun. 30, 2026 831,807 $ 318,073   37,459 476,275
Ending Balance, Shares at Jun. 30, 2026   28,233,217 48,680,928    
Beginning Balance at Mar. 31, 2026 808,116 $ 315,911   28,584 463,621
Beginning Balance, Shares at Mar. 31, 2026   27,839,229 49,177,775    
Net income 31,049     12,287 18,762
Deemed non-cash contributions 8,964       8,964
RSU share-based compensation expense 2,276 $ 827     1,449
Redemption of Class B shares to Class A shares   393,860      
Redemption of Class B shares to Class A shares     (393,860)    
Class A Shares issued on vesting of RSUs, net of shares withheld for tax, Shares   128      
Class A Shares issued on vesting of RSUs, net of shares withheld for tax (4) $ (4)      
Cancellation of Class B shares     (102,987)    
Tax distributions (9,287)       (9,287)
Dividends and distributions (9,242)     (3,388) (5,854)
RSU dividend equivalent rights (65)     (24) (41)
Change in Ownership Interest Adjustment   1,339     (1,339)
Ending Balance at Jun. 30, 2026 $ 831,807 $ 318,073   $ 37,459 $ 476,275
Ending Balance, Shares at Jun. 30, 2026   28,233,217 48,680,928