v3.26.3
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table summarizes the basic and diluted earnings per share calculations for the three and nine months ended September 30, 2026 and 2025:

Three months ended
September 30,
Nine months ended
September 30,
2026202520262025
Basic Earnings per Sharein thousands (except per share amounts)
Net income available to Class A Common Stockholders$8,385 $17,696 $188 $32,174 
Weighted average shares of Class A Common Stock outstanding106,097 96,167 102,995 92,326 
Basic earnings per share$0.08 $0.18 $0.00 $0.35 
Diluted Earnings per Share
Net income available to Class A Common Stockholders$8,513 $39,408 $188 $100,699 
Weighted average shares of Class A Common Stock outstanding107,800 347,240 102,995 346,672 
Diluted earnings per share$0.08 $0.11 $0.00 $0.29 
Net income available to Class A Common Stockholders
Net income$36,269 $46,171 $31,565 $120,666 
Net income attributable to non-controlling interest(26,058)(25,323)(25,565)(80,474)
Accretion of Series A Convertible Preferred Stock(1,826)(1,903)(5,804)(5,653)
Undistributed earnings allocated to Series A Convertible Preferred Stock— (1,249)(8)(2,365)
Net income available to Class A Common Stockholders, Basic8,385 17,696 188 32,174 
Undistributed earnings reallocated to Series A Convertible Preferred Stock— 479 — 394 
Adjustment for potentially dilutive THG units— 21,146 — 68,059 
Adjustment for potentially dilutive Series A Convertible Preferred Stock— — — — 
Adjustment for potentially dilutive share-based compensation awards128 87 — 72 
Net income available to Class A Common Stockholders, Diluted$8,513 $39,408 $188 $100,699 
Weighted Average Shares of Class A Common Stock Outstanding
Weighted average shares of Class A Common Stock outstanding, Basic106,097 96,167 102,995 92,326 
Adjustment for potentially dilutive THG units— 249,870 — 253,363 
Adjustment for potentially dilutive Series A Convertible Preferred Stock— — — — 
Adjustment for potentially dilutive share-based compensation awards1,703 1,203 — 983 
Weighted average shares of Class A Common Stock outstanding, Diluted107,800 347,240 102,995 346,672 
Schedule of the Weighted Average Excluded from Diluted Earnings
The following table summarizes the weighted average potential shares of Class A Common Stock excluded from diluted earnings per share of Class A Common Stock as their effect would be anti-dilutive or, for certain PRSUs, the performance conditions were not met for the three and nine months ended September 30, 2026 and 2025:

Three months ended
September 30,
Nine months ended
September 30,
2026202520262025
in thousands
THG units
240,970 — 243,676 — 
Series A Convertible Preferred Stock6,785 6,785 6,785 6,785 
Unvested shares associated with share-based compensation awards4,196 4,080 7,884 3,941 
Total 251,951 10,865 258,345 10,726