v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ 2,335,385 $ 2,225,132 $ 2,318,441 $ 2,155,097
Net income (loss) (5,326) [1] 55,364 [1] 18,059 [2] 124,526 [2]
Share-based compensation 2,240 2,571 6,112 5,505
Reacquisition of share-based compensation awards for tax-withholding purposes     (6,541) (1,776)
Other comprehensive income—net of tax (9) 16 4 37
Tax distributions to noncontrolling interests   (3,101)   (3,101)
Adjustment to liability recognized under tax receivable agreement - net of tax 297   (397) (306)
Adjustment of noncontrolling interest in the Operating Company 0   0 0
Ending balance 2,332,587 2,279,982 2,332,587 2,279,982
Total Members’ Capital        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 848,995 779,392 843,245 749,436
Net income (loss) (2,580) [1] 21,071 [1] 6,054 [2] 47,675 [2]
Share-based compensation 2,240 2,571 6,112 5,505
Reacquisition of share-based compensation awards for tax-withholding purposes     (6,541) (1,776)
Other comprehensive income—net of tax (5) 9 3 21
Adjustment to liability recognized under tax receivable agreement - net of tax 297   (397) (306)
Adjustment of noncontrolling interest in the Operating Company 715   4,277 2,488
Ending balance 849,662 803,043 849,662 803,043
Contributed Capital        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 613,863 597,170 616,751 593,827
Share-based compensation 2,240 2,571 6,112 5,505
Reacquisition of share-based compensation awards for tax-withholding purposes     (6,541) (1,776)
Adjustment to liability recognized under tax receivable agreement - net of tax 297   (397) (306)
Adjustment of noncontrolling interest in the Operating Company 716   4,282 2,491
Ending balance 617,116 599,741 617,116 599,741
Retained Earnings        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 236,677 183,681 228,043 157,077
Net income (loss) (2,580) [1] 21,071 [1] 6,054 [2] 47,675 [2]
Ending balance 234,097 204,752 234,097 204,752
Accumulated Other Comprehensive Loss        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance (1,545) (1,459) (1,549) (1,468)
Other comprehensive income—net of tax (5) 9 3 21
Adjustment of noncontrolling interest in the Operating Company (1)   (5) (3)
Ending balance (1,551) (1,450) (1,551) (1,450)
Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 1,486,390 1,445,740 1,475,196 1,405,661
Net income (loss) (2,746) [1] 34,293 [1] 12,005 [2] 76,851 [2]
Other comprehensive income—net of tax (4) 7 1 16
Tax distributions to noncontrolling interests   (3,101)   (3,101)
Adjustment of noncontrolling interest in the Operating Company (715)   (4,277) (2,488)
Ending balance $ 1,482,925 $ 1,476,939 1,482,925 $ 1,476,939
Class A Common Shares        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Repurchases of Class A common shares     (3,091)  
Class A Common Shares | Total Members’ Capital        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Repurchases of Class A common shares     $ (3,091)  
Class A Common Shares | Common Stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance (in shares) 71,783,254 69,861,335 71,100,768 69,369,234
Reacquisition of share-based compensation awards for tax-withholding purposes (in shares)     (1,238,730) (329,840)
Issuance of share-based compensation awards (in shares) 137,080   137,080 129,085
Settlement of restricted share units for Class A common shares (in shares)     2,544,648 692,856
Repurchases of Class A common shares (in shares)     (623,432)  
Ending balance (in shares) 71,920,334 69,861,335 71,920,334 69,861,335
Class A Common Shares | Contributed Capital        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Repurchases of Class A common shares     $ (3,091)  
Class B Common Shares | Common Stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance (in shares) 76,096,410 79,233,544 76,096,410 79,233,544
Ending balance (in shares) 76,096,410 79,233,544 76,096,410 79,233,544
[1] Total net (loss) income excludes net income of $0.9 million and $0.4 million attributable to redeemable noncontrolling interests for the three months ended September 30, 2026 and 2025, respectively (see Note 6).
[2] Total net income excludes net income of $2.5 million and $0.4 million attributable to redeemable noncontrolling interests for the nine months ended September 30, 2026 and 2025, respectively (see Note 6).