v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
INVENTORIES $ 2,563,106 $ 2,443,279
INVESTMENT IN UNCONSOLIDATED ENTITIES 89,178 153,087
PROPERTIES AND EQUIPMENT, NET 29,140 29,264
INTANGIBLE ASSETS, NET—RELATED PARTY 14,562 17,250
GOODWILL 69,812 69,812
CASH AND CASH EQUIVALENTS 358,716 425,546
RESTRICTED CASH AND CERTIFICATES OF DEPOSIT 992 992
TOTAL 3,227,523 3,249,003
LIABILITIES:    
Notes payable, net 444,399 443,348
Accounts payable and other liabilities 117,759 106,199
Related party liabilities 18,056 70,973
Deferred income tax liability, net 63,707 58,343
Payable pursuant to tax receivable agreement 181,088 181,544
Total liabilities 825,009 860,407
COMMITMENTS AND CONTINGENT LIABILITIES (Note 12)
REDEEMABLE NONCONTROLLING INTERESTS 69,927 70,155
CAPITAL:    
Contributed capital 617,116 616,751
Retained earnings 234,097 228,043
Accumulated other comprehensive loss (1,551) (1,549)
Total members’ capital 849,662 843,245
Noncontrolling interests 1,482,925 1,475,196
Total capital 2,332,587 2,318,441
TOTAL 3,227,523 3,249,003
Related Party    
ASSETS    
OTHER ASSETS 83,762 89,509
LIABILITIES:    
Related party liabilities 18,056 70,973
Nonrelated Party    
ASSETS    
OTHER ASSETS $ 18,255 $ 20,264