v3.26.1
Earnings (Loss) Per Share - Schedule of Diluted Earnings (Loss) Per Share by Common Class (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
$ / shares
shares
Jun. 30, 2026
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
$ / shares
shares
Numerator        
Preferred Stock dividends $ 0 $ 0 $ 0 $ 0
Net loss from discontinued operations attributable to holders of Class A Common Stock - basic 0 0 0 (2,028)
Reallocation of net loss from discontinued operations assuming exchange of Class A LLC Units 0 0 0 (1,995)
Net loss from discontinued operations attributable to holders of Class A Common Stock - diluted $ 0 $ 0 $ 0 $ (4,023)
Denominator        
Weighted average shares of Class A Common Stock outstanding - basic (in shares) | shares 8,911,666 11,041,337 8,707,450 10,611,689
Additional dilutive shares under the treasury stock method (in shares) | shares 0 538,618 515,321 768,051
Weighted average shares of Class A Common Stock outstanding - diluted (in shares) | shares 17,000,600 30,137,247 22,499,174 30,152,054
Diluted earnings (loss) per share        
Continuing operations (in USD per shares) | $ / shares $ (1.28) $ 2.13 $ 0.41 $ 4.69
Discontinued operations (in USD per share) | $ / shares 0 0 0 (0.13)
Diluted earnings (loss) per share (in USD per share) | $ / shares $ (1.28) $ 2.13 $ 0.41 $ 4.56
Exchange ratio 1 1 1 1
Preferred Stock        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares 1,428,571   1,428,571  
Fair value adjustment, net of income tax effects excluded from calculation of earnings (loss) per diluted share $ 1,100   $ 2,300  
Convertible Notes Payable        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares 2,222,222   2,222,222  
Fair value adjustment, net of income tax effects excluded from calculation of earnings (loss) per diluted share $ 10,300   $ 3,100  
Restricted Stock Units (RSUs)        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares 304,818 538,618 515,321 768,051
Employee Stock Option        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares 1,450,000 720,000 1,450,000 720,000
Exchangeable Secured Notes | Secured Debt        
Diluted earnings (loss) per share        
Interest expense for exchangeable secured notes $ 2,200      
Exchangeable Secured Notes | Senior Notes        
Diluted earnings (loss) per share        
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share (in shares) | shares 5,337,928 5,337,928 5,337,928 5,337,928
Common Stock        
Numerator        
Net income from continuing operations attributable to holders of Class A Common Stock - basic $ 927 $ 34,923 $ 17,309 $ 67,160
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock (22,611) 28,062 (12,235) 70,770
Exchangeable Secured Notes interest expense, net 0 1,220 4,207 3,511
Convertible Notes fair value adjustment, net 0 0 0 0
Net income (loss) from continuing operations attributable to holders of Class A Common Stock - diluted $ (21,684) $ 64,205 $ 9,281 $ 141,441
Denominator        
Weighted average shares of Class A Common Stock outstanding - basic (in shares) | shares 8,911,666 11,041,337 8,707,450 10,611,689
Assumed exchange of weighted average Class A LLC Units for shares of Class A Common Stock (in shares) | shares 8,088,934 13,219,364 7,938,475 13,434,386
Assumed conversion of Preferred Stock for shares of Class A Common Stock (in shares) | shares 0 0 0 0
Weighted average shares of Class A Common Stock outstanding - diluted (in shares) | shares 17,000,600 30,137,247 22,499,174 30,152,054
Diluted earnings (loss) per share        
Diluted earnings (loss) per share (in USD per share) | $ / shares $ (1.28) $ 2.13 $ 0.41 $ 4.56
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock $ (22,611) $ 28,062 $ (12,235) $ 70,770
Common Stock | Preferred Stock        
Numerator        
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock (1,800)   (800)  
Diluted earnings (loss) per share        
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock (1,800)   (800)  
Common Stock | Convertible Notes Payable        
Numerator        
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock $ (2,600)   $ (1,100)  
Denominator        
Assumed exchange of Notes for shares of Class A Common Stock (in shares) | shares 0 0 0 0
Diluted earnings (loss) per share        
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock $ (2,600)   $ (1,100)  
Common Stock | Capital Unit, Class A        
Numerator        
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock (22,600) $ 23,800 (9,900) $ 58,500
Diluted earnings (loss) per share        
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock (22,600) 23,800 (9,900) 58,500
Common Stock | Exchangeable Secured Notes        
Numerator        
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock (5,400) 4,300 (2,300) 12,300
Diluted earnings (loss) per share        
Reallocation of net income (loss) from continuing operations assuming exchange or conversion of Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock $ (5,400) $ 4,300 $ (2,300) $ 12,300
Common Stock | Exchangeable Secured Notes | Secured Debt        
Denominator        
Assumed exchange of Notes for shares of Class A Common Stock (in shares) | shares 0 5,337,928 5,337,928 5,337,928