v3.26.3
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Class A
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Noncontrolling Interests in Investment Entities
Beginning balance (in shares) at Dec. 31, 2024     129,685        
Beginning balance at Dec. 31, 2024 $ 1,045,811 $ 1,048,218 $ 1,297 $ 2,865,341 $ (1,812,083) $ (6,337) $ (2,407)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     1,619        
Issuance and amortization of equity-based compensation 4,213 4,213 $ 16 4,197      
Other comprehensive income 1,831 1,831       1,831  
Dividends and distributions declared (20,802) (20,802)     (20,802)    
Shares canceled for tax withholding on vested stock awards (in shares)     (646)        
Shares canceled for tax withholding on vested stock awards (3,878) (3,878) $ (6) (3,872)      
Net income (loss) 3,708 5,342     5,342   (1,634)
Ending balance (in shares) at Mar. 31, 2025     130,658        
Ending balance at Mar. 31, 2025 1,030,883 1,034,924 $ 1,307 2,865,666 (1,827,543) (4,506) (4,041)
Beginning balance (in shares) at Dec. 31, 2024     129,685        
Beginning balance at Dec. 31, 2024 1,045,811 1,048,218 $ 1,297 2,865,341 (1,812,083) (6,337) (2,407)
Increase (Decrease) in Stockholders' Equity              
Other comprehensive income 6,337            
Net income (loss) (22,769)            
Ending balance (in shares) at Sep. 30, 2025     129,733        
Ending balance at Sep. 30, 2025 968,030 976,413 $ 1,297 2,866,411 (1,891,295) 0 (8,383)
Beginning balance (in shares) at Mar. 31, 2025     130,658        
Beginning balance at Mar. 31, 2025 1,030,883 1,034,924 $ 1,307 2,865,666 (1,827,543) (4,506) (4,041)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     93        
Issuance and amortization of equity-based compensation 2,913 2,913 $ 1 2,912      
Other comprehensive income 4,506 4,506       4,506  
Repurchase of common stock (in shares)     (757)        
Repurchase of common stock (4,008) (4,008) $ (8) (4,000)      
Dividends and distributions declared (20,862) (20,862)     (20,862)    
Net income (loss) (25,172) (23,118)     (23,118)   (2,054)
Ending balance (in shares) at Jun. 30, 2025     129,994        
Ending balance at Jun. 30, 2025 988,260 994,355 $ 1,300 2,864,578 (1,871,523) 0 (6,095)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation 2,927 2,927   2,927      
Other comprehensive income 0            
Share forfeitures (in shares)     (80)        
Share forfeitures (133) (133)   (133)      
Repurchase of common stock (in shares)     (181)        
Repurchase of common stock (964) (964) $ (3) (961)      
Dividends and distributions declared (20,756) (20,756)     (20,756)    
Net income (loss) (1,304) 984     984   (2,288)
Ending balance (in shares) at Sep. 30, 2025     129,733        
Ending balance at Sep. 30, 2025 968,030 976,413 $ 1,297 2,866,411 (1,891,295) $ 0 (8,383)
Beginning balance (in shares) at Dec. 31, 2025     128,627        
Beginning balance at Dec. 31, 2025 928,405 938,432 $ 1,286 2,863,377 (1,926,231)   (10,027)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     2,511        
Issuance and amortization of equity-based compensation 2,918 2,918 $ 26 2,892      
Dividends and distributions declared (23,487) (23,487)     (23,487)    
Shares canceled for tax withholding on vested stock awards (in shares)     (860)        
Shares canceled for tax withholding on vested stock awards (4,790) (4,790) $ (9) (4,781)      
Net income (loss) 3,123 4,845     4,845   (1,722)
Ending balance (in shares) at Mar. 31, 2026     130,278        
Ending balance at Mar. 31, 2026 906,169 917,918 $ 1,303 2,861,488 (1,944,873)   (11,749)
Beginning balance (in shares) at Dec. 31, 2025     128,627        
Beginning balance at Dec. 31, 2025 928,405 938,432 $ 1,286 2,863,377 (1,926,231)   (10,027)
Increase (Decrease) in Stockholders' Equity              
Other comprehensive income 0            
Net income (loss) 30,175            
Ending balance (in shares) at Sep. 30, 2026     124,677        
Ending balance at Sep. 30, 2026 869,793 883,092 $ 1,247 2,838,885 (1,957,040)   (13,299)
Beginning balance (in shares) at Mar. 31, 2026     130,278        
Beginning balance at Mar. 31, 2026 906,169 917,918 $ 1,303 2,861,488 (1,944,873)   (11,749)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     88        
Issuance and amortization of equity-based compensation 3,443 3,443 $ 1 3,442      
Repurchase of common stock (in shares)     (3,576)        
Repurchase of common stock (19,495) (19,495) $ (36) (19,459)      
Dividends and distributions declared (20,552) (20,552)     (20,552)    
Net income (loss) (20,184) (18,334)     (18,334)   (1,850)
Ending balance (in shares) at Jun. 30, 2026     126,790        
Ending balance at Jun. 30, 2026 849,381 862,980 $ 1,268 2,845,471 (1,983,759)   (13,599)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation 3,581 3,581   3,581      
Other comprehensive income 0            
Repurchase of common stock (in shares)     (2,063)        
Repurchase of common stock (9,937) (9,937) $ (20) (9,917)      
Dividends and distributions declared (20,215) (20,215)     (20,215)    
Shares canceled for tax withholding on vested stock awards (in shares)     (50)        
Shares canceled for tax withholding on vested stock awards (251) (251) $ (1) (250)      
Net income (loss) 47,234 46,934     46,934   300
Ending balance (in shares) at Sep. 30, 2026     124,677        
Ending balance at Sep. 30, 2026 $ 869,793 $ 883,092 $ 1,247 $ 2,838,885 $ (1,957,040)   $ (13,299)