v3.26.3
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2024   125,411,089 136,456,313        
Beginning balance at Dec. 31, 2024 $ 1,098,285 $ 125 $ 136 $ 506,258 $ 122,939 $ (1,796) $ 470,623
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (4,389)       (27,642)   23,253
Issuance of common stock (shares)   81,137          
Exchange of LLC equity for common stock (in shares)   540,663 (498,664)        
Exchange of LLC equity for common stock 0 $ 1   803     (804)
Class A common stock dividends and Dividend Equivalents (15,959)       (15,959)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (6,925)           (6,925)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (38,847)     (68,593)     29,746
Distributions declared for non-controlling interest holders’ tax (8,443)           (8,443)
Change in share of equity method investments’ other comprehensive income (loss) (2,909)         (1,315) (1,594)
Loss on interest rate cap, net (2,005)         (898) (1,107)
Foreign currency translation adjustments 18,632         8,481 10,151
Equity-based compensation 19,873     19,978     (105)
Ending balance (in shares) at Mar. 31, 2025   126,032,889 135,957,649        
Ending balance at Mar. 31, 2025 1,057,313 $ 126 $ 136 458,446 79,338 4,472 514,795
Beginning balance (in shares) at Dec. 31, 2024   125,411,089 136,456,313        
Beginning balance at Dec. 31, 2024 1,098,285 $ 125 $ 136 506,258 122,939 (1,796) 470,623
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 182,919            
Ending balance (in shares) at Sep. 30, 2025   128,703,235 135,082,847        
Ending balance at Sep. 30, 2025 1,231,871 $ 129 $ 135 490,284 128,849 11,076 601,398
Beginning balance (in shares) at Mar. 31, 2025   126,032,889 135,957,649        
Beginning balance at Mar. 31, 2025 1,057,313 $ 126 $ 136 458,446 79,338 4,472 514,795
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 124,705       51,976   72,729
Issuance of common stock (shares)   432,507 1,437        
Exchange of LLC equity for common stock (in shares)   643,992 (550,817)        
Exchange of LLC equity for common stock 0 $ 1 $ (1) 1,112     (1,112)
Forfeiture of common stock (in shares)   (1,233)          
Equity awards withheld for settlement of employee tax obligations (664)     (214)     (450)
Class A common stock dividends and Dividend Equivalents (15,962)       (15,962)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (6,907)           (6,907)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes 1,297     1,297      
Distributions declared for non-controlling interest holders’ tax (25,905)           (25,905)
Change in share of equity method investments’ other comprehensive income (loss) 1,575         776 799
Loss on interest rate cap, net (1,011)         (329) (682)
Foreign currency translation adjustments 27,783         10,436 17,347
Equity-based compensation 19,925     18,476     1,449
Ending balance (in shares) at Jun. 30, 2025   127,108,155 135,408,269        
Ending balance at Jun. 30, 2025 1,182,149 $ 127 $ 135 479,117 115,352 15,355 572,063
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 62,603       31,085   31,518
Issuance of common stock (shares)   942,471 318,474        
Issuance of common stock 20,407 $ 1 $ 1 9,576     10,829
Forfeiture and retirement of common stock (in shares)   (31,803)          
Forfeiture and retirement of common stock (132)     1,331 (1,463)    
Exchange of LLC equity for common stock (in shares)   684,412 (643,896)        
Exchange of LLC equity for common stock 0 $ 1 $ (1) 1,316     (1,316)
Equity awards withheld for settlement of employee tax obligations (151)           (151)
Class A common stock dividends and Dividend Equivalents (16,125)       (16,125)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (6,893)           (6,893)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (1,676)     (1,676)      
Distributions declared for non-controlling interest holders’ tax (9,070)           (9,070)
Change in share of equity method investments’ other comprehensive income (loss) 580         239 341
Loss on interest rate cap, net (1,895)         (782) (1,113)
Foreign currency translation adjustments (9,116)         (3,736) (5,380)
Equity-based compensation 11,190     620     10,570
Ending balance (in shares) at Sep. 30, 2025   128,703,235 135,082,847        
Ending balance at Sep. 30, 2025 1,231,871 $ 129 $ 135 490,284 128,849 11,076 601,398
Beginning balance (in shares) at Dec. 31, 2025   129,603,426 134,508,885        
Beginning balance at Dec. 31, 2025 1,254,051 $ 130 $ 135 513,610 120,353 13,845 605,978
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 40,597       17,646   22,951
Issuance of common stock (shares)   103,661          
Exchange of LLC equity for common stock (in shares)   176,484 (157,236)        
Exchange of LLC equity for common stock 0   $ (1) 296     (295)
Cash and common stock clawbacks related to vested equity awards (in shares)   (34,041)          
Cash and common stock clawbacks related to vested equity awards (154)     (341)     187
Repurchase and retirement of common stock (in shares)   (982,073)          
Repurchase and retirement of common stock (40,305) $ (1)   (20,870)     (19,434)
Class A common stock dividends and Dividend Equivalents (17,471)       (17,471)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (8,177)           (8,177)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (5,048)     (4,115)     (933)
Distributions declared for non-controlling interest holders’ tax (11,046)           (11,046)
Change in share of equity method investments’ other comprehensive income (loss) 518         215 303
Foreign currency translation adjustments (11,262)         (4,670) (6,592)
Equity-based compensation 17,351     17,441     (90)
Ending balance (in shares) at Mar. 31, 2026   128,867,457 134,351,649        
Ending balance at Mar. 31, 2026 1,219,054 $ 129 $ 134 506,021 120,528 9,390 582,852
Beginning balance (in shares) at Dec. 31, 2025   129,603,426 134,508,885        
Beginning balance at Dec. 31, 2025 1,254,051 $ 130 $ 135 513,610 120,353 13,845 605,978
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) $ 237,026            
Repurchase and retirement of common stock (in shares) (12,658,436)            
Ending balance (in shares) at Sep. 30, 2026   120,364,827 132,446,301        
Ending balance at Sep. 30, 2026 $ 901,748 $ 120 $ 132 271,892 166,508 8,063 455,033
Beginning balance (in shares) at Mar. 31, 2026   128,867,457 134,351,649        
Beginning balance at Mar. 31, 2026 1,219,054 $ 129 $ 134 506,021 120,528 9,390 582,852
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 108,381       42,315   66,066
Issuance of common stock (shares)   474,024 6,130        
Exchange of LLC equity for common stock (in shares)   245,957 (245,957)        
Exchange of LLC equity for common stock 0     377     (377)
Cash and common stock clawbacks related to vested equity awards (in shares)   (27,244)          
Cash and common stock clawbacks related to vested equity awards (94)     (94)      
Repurchase and retirement of common stock (in shares)   (8,129,462)          
Repurchase and retirement of common stock (262,521) $ (8)   (133,920)     (128,593)
Equity awards withheld for settlement of employee tax obligations (73)     (73)      
Class A common stock dividends and Dividend Equivalents (17,510)       (17,510)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (8,149)           (8,149)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (33,185)     (33,185)      
Distributions declared for non-controlling interest holders’ tax (7,329)           (7,329)
Change in share of equity method investments’ other comprehensive income (loss) (1,854)         (744) (1,110)
Foreign currency translation adjustments (1,964)         (582) (1,382)
Equity-based compensation 21,389     16,636     4,753
Ending balance (in shares) at Jun. 30, 2026   121,430,732 134,111,822        
Ending balance at Jun. 30, 2026 1,016,145 $ 121 $ 134 355,762 145,333 8,064 506,731
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 88,048       36,681   51,367
Issuance of common stock (shares)   757,838 37,326        
Issuance of common stock 0 $ 1   (1)      
Exchange of LLC equity for common stock (in shares)   1,741,323 (1,702,847)        
Exchange of LLC equity for common stock 0 $ 2 $ (2) 1,042     (1,042)
Cash and common stock clawbacks related to vested equity awards (in shares)   (18,165)          
Cash and common stock clawbacks related to vested equity awards (121)     (121)      
Repurchase and retirement of common stock (in shares)   (3,546,901)          
Repurchase and retirement of common stock (150,524) $ (4)   (73,071)     (77,449)
Equity awards withheld for settlement of employee tax obligations (70)           (70)
Class A common stock dividends and Dividend Equivalents (15,506)       (15,506)    
Distributions and Declared Distributions to non-controlling LLC Unitholders (8,045)           (8,045)
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (16,709)     (16,709)      
Distributions declared for non-controlling interest holders’ tax (24,674)           (24,674)
Change in share of equity method investments’ other comprehensive income (loss) (279)         (112) (167)
Foreign currency translation adjustments 255         111 144
Equity-based compensation 13,228     4,990     8,238
Ending balance (in shares) at Sep. 30, 2026   120,364,827 132,446,301        
Ending balance at Sep. 30, 2026 $ 901,748 $ 120 $ 132 $ 271,892 $ 166,508 $ 8,063 $ 455,033