v3.26.3
Employee Benefits and Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of key inputs used in the fair value of the MSU

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Dividend yield

 

—%

Expected share price volatility

 

54.77%

Risk-free interest rate

 

3.96%

Expected term

 

3.77 years

Schedule of summary of restricted share unit activity

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Number of

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Weighted-

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Number of

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Weighted-

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Number of

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Weighted-

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Time-Based

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Average Grant

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Performance-

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Average Grant

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Market-

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Average Grant

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Awards

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Date Fair Value

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Based Awards

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Date Fair Value

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Based Awards

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Date Fair Value

Non-vested as of January 1, 2026

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8,537,656

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$

19.95

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2,521,536

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$

19.97

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—

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$

—

Granted

 

6,346,459

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20.06

 

1,304,731

(1)

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21.02

 

2,345,276

(1)

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24.24

Vested

 

(4,719,880)

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19.12

 

(579,244)

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18.00

 

—

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—

Forfeited or expired

 

(1,014,922)

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20.38

 

(203,920)

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17.21

 

—

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—

Non-vested as of September 30, 2026

 

9,149,313

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20.40

 

3,043,103

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20.98

 

2,345,276

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24.24

(1)Number of PSUs and MSUs included assumes maximum achievement.
Schedule of compensation expense recognized for share-based compensation

The compensation expense recognized for share-based compensation for the periods presented includes the following (in thousands):

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Three Months Ended

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Nine Months Ended

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September 30, 

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September 30, 

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2026

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2025

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2026

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2025

Payroll and related expense

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$

5,787

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$

5,488

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$

16,595

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$

15,720

Marketing, general and administrative expense

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15,534

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12,930

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50,825

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48,878

Total share-based compensation expense

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$

21,321

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$

18,418

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$

67,420

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$

64,598

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