v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Accumulated Other Comprehensive Income
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Noncontrolling Interests
Class A Common Stock
Common Stock
Class B Common Stock
Common Stock
Shares outstanding, beginning balance (in shares) at Dec. 31, 2024             35,710,848 57,726,153
Beginning balance at Dec. 31, 2024 $ 1,250,409 $ 0 $ 281,559 $ 970,253 $ (7,827) $ 5,487 $ 360 $ 577
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation 20,026   20,026          
Vesting of stock-based compensation (in shares)             982,856  
Vesting of stock-based compensation 0   (10)       $ 10  
Withholding of common stock for taxes (in shares)             (317,456)  
Withholding of common stock for taxes (7,883)   (7,880)       $ (3)  
Repurchases of common stock (in shares)             (1,347,683)  
Repurchases of common stock (32,693)       (32,693)      
Distributions (4,262)         (4,262)    
Preferred stock dividends declared (10,125)     (10,125)        
Other comprehensive income, net of tax 607 607            
Net income 158,605     158,480   125    
Shares outstanding, ending balance (in shares) at Sep. 30, 2025             35,028,565 57,726,153
Ending balance at Sep. 30, 2025 $ 1,374,684 607 293,695 1,118,608 (40,520) 1,350 $ 367 $ 577
Beginning balance (in shares) at Dec. 31, 2024 150,000              
Beginning balance at Dec. 31, 2024 $ 148,500              
Redeemable noncontrolling interest, beginning balance at Dec. 31, 2024 21,451              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Noncontrolling interest issued in business combination $ 8,088              
Ending balance (in shares) at Sep. 30, 2025 150,000              
Ending balance at Sep. 30, 2025 $ 148,500              
Redeemable noncontrolling interest, ending balance at Sep. 30, 2025 29,539              
Shares outstanding, beginning balance (in shares) at Jun. 30, 2025             35,386,280 57,726,153
Beginning balance at Jun. 30, 2025 1,335,686 583 288,429 1,074,986 (30,847) 1,591 $ 367 $ 577
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation 5,266   5,266          
Repurchases of common stock (in shares)             (357,715)  
Repurchases of common stock (9,673)       (9,673)      
Distributions (300)         (300)    
Preferred stock dividends declared (3,375)     (3,375)        
Other comprehensive income, net of tax 24 24            
Net income 47,056     46,997   59    
Shares outstanding, ending balance (in shares) at Sep. 30, 2025             35,028,565 57,726,153
Ending balance at Sep. 30, 2025 $ 1,374,684 607 293,695 1,118,608 (40,520) 1,350 $ 367 $ 577
Beginning balance (in shares) at Jun. 30, 2025 150,000              
Beginning balance at Jun. 30, 2025 $ 148,500              
Redeemable noncontrolling interest, beginning balance at Jun. 30, 2025 $ 29,539              
Ending balance (in shares) at Sep. 30, 2025 150,000              
Ending balance at Sep. 30, 2025 $ 148,500              
Redeemable noncontrolling interest, ending balance at Sep. 30, 2025 29,539              
Shares outstanding, beginning balance (in shares) at Dec. 31, 2025             34,543,383 57,726,153
Beginning balance at Dec. 31, 2025 1,426,072 613 298,594 1,173,950 (49,526) 1,497 $ 367 $ 577
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation 16,694   16,694          
Vesting of stock-based compensation (in shares)             1,046,132  
Vesting of stock-based compensation 0   (10)       $ 10  
Withholding of common stock for taxes (in shares)             (318,266)  
Withholding of common stock for taxes (5,191)   (5,188)       $ (3)  
Repurchases of common stock (in shares)             (2,462,284)  
Repurchases of common stock (39,272)       (39,272)      
Distributions (696)         (696)    
Redemption of redeemable preferred stock (3,000)     (3,000)        
Preferred stock dividends declared (10,725)     (10,725)        
Other comprehensive income, net of tax 1,291 1,291            
Net income 48,552     47,630   922    
Shares outstanding, ending balance (in shares) at Sep. 30, 2026             32,808,965 57,726,153
Ending balance at Sep. 30, 2026 $ 1,433,725 1,904 310,090 1,207,855 (88,798) 1,723 $ 374 $ 577
Beginning balance (in shares) at Dec. 31, 2025 150,000              
Beginning balance at Dec. 31, 2025 $ 148,500              
Redeemable noncontrolling interest, beginning balance at Dec. 31, 2025 $ 29,539              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Redemption of redeemable preferred stock (in shares) (150,000)              
Redemption of redeemable preferred stock $ (148,500)              
Issuance of redeemable preferred stock (in shares) 225,000              
Issuance of redeemable preferred stock $ 218,875              
Ending balance (in shares) at Sep. 30, 2026 225,000              
Ending balance at Sep. 30, 2026 $ 218,875              
Redeemable noncontrolling interest, ending balance at Sep. 30, 2026 29,539              
Shares outstanding, beginning balance (in shares) at Jun. 30, 2026             33,195,068 57,726,153
Beginning balance at Jun. 30, 2026 1,433,827 1,407 304,205 1,208,177 (82,837) 1,924 $ 374 $ 577
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation 5,885   5,885          
Repurchases of common stock (in shares)             (386,103)  
Repurchases of common stock (5,961)       (5,961)      
Distributions (696)         (696)    
Redemption of redeemable preferred stock (3,000)     (3,000)        
Preferred stock dividends declared (3,975)     (3,975)        
Other comprehensive income, net of tax 497 497            
Net income 7,148     6,653   495    
Shares outstanding, ending balance (in shares) at Sep. 30, 2026             32,808,965 57,726,153
Ending balance at Sep. 30, 2026 $ 1,433,725 $ 1,904 $ 310,090 $ 1,207,855 $ (88,798) $ 1,723 $ 374 $ 577
Beginning balance (in shares) at Jun. 30, 2026 150,000              
Beginning balance at Jun. 30, 2026 $ 148,500              
Redeemable noncontrolling interest, beginning balance at Jun. 30, 2026 $ 29,539              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Redemption of redeemable preferred stock (in shares) (150,000)              
Redemption of redeemable preferred stock $ (148,500)              
Issuance of redeemable preferred stock (in shares) 225,000              
Issuance of redeemable preferred stock $ 218,875              
Ending balance (in shares) at Sep. 30, 2026 225,000              
Ending balance at Sep. 30, 2026 $ 218,875              
Redeemable noncontrolling interest, ending balance at Sep. 30, 2026 $ 29,539