v3.26.3
Condensed Consolidated Statements of Changes in Temporary Equity and Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class V Common Stock
Total Stockholders' Equity
Series A Convertible Preferred Stock
Series A Convertible Preferred Stock
Common stocks
Class A Common Stock
Common stocks
Class V Common Stock
Additional Paid in Capital
Accumulated Earnings (Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Temporary equity, beginning balance (in shares) at Dec. 31, 2024         8,484,000            
Temporary equity, beginning balance at Dec. 31, 2024         $ 84,663            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         5,653            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Sep. 30, 2025         8,484,000            
Temporary equity, ending balance at Sep. 30, 2025         $ 84,716            
Beginning balance (in shares) at Dec. 31, 2024           90,032,000 251,034,000        
Beginning balance at Dec. 31, 2024 $ 523,506     $ 150,322   $ 9 $ 25 $ 603,780 $ (451,978) $ (1,514) $ 373,184
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 120,666 $ 120,666   40,192         40,192   80,474
Accretion of Series A Convertible Preferred Stock (5,653)     (5,653)       (5,653)      
Other comprehensive income (loss) 9,405     2,512           2,512 6,893
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           832,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (3,247)     (3,247)       (3,247)      
Share-based compensation 14,627     14,627       14,627      
Exchange of THG units for Class A Common Stock (in shares)           9,562,000 (9,482,000)        
Exchange of THG units for Class A Common Stock 0     16,641   $ 1 $ (1) 16,641     (16,641)
Deferred tax assets recorded upon exchange of THG units for shares of Class A Common Stock 6,956     6,956       6,956      
Tax receivable agreement liabilities recorded upon exchange of THG units for shares of Class A Common Stock (5,638)     (5,638)       (5,638)      
Distributions paid to non-controlling interest unit holders (30,547)                   (30,547)
Reallocation between controlling and non-controlling interest $ 0     (5,061)       (5,061)     5,061
Ending balance (in shares) at Sep. 30, 2025 346,042,267         100,426,000 241,552,000        
Ending balance at Sep. 30, 2025 $ 630,075     211,651   $ 10 $ 24 622,405 (411,786) 998 418,424
Temporary equity, beginning balance (in shares) at Jun. 30, 2025         8,484,000            
Temporary equity, beginning balance at Jun. 30, 2025         $ 82,813            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         $ 1,903            
Temporary equity, ending balance (in shares) at Sep. 30, 2025         8,484,000            
Temporary equity, ending balance at Sep. 30, 2025         $ 84,716            
Beginning balance (in shares) at Jun. 30, 2025           90,716,000 251,034,000        
Beginning balance at Jun. 30, 2025 578,038     172,283   $ 9 $ 25 604,621 (432,634) 262 405,755
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 46,171     20,848         20,848   25,323
Accretion of Series A Convertible Preferred Stock (1,903)     (1,903)       (1,903)      
Other comprehensive income (loss) 2,613     736           736 1,877
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           226,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (1,084)     (1,084)       (1,084)      
Share-based compensation 5,089     5,089       5,089      
Exchange of THG units for Class A Common Stock (in shares)           9,484,000 (9,482,000)        
Exchange of THG units for Class A Common Stock 0     15,929   $ 1 $ (1) 15,929     (15,929)
Deferred tax assets recorded upon exchange of THG units for shares of Class A Common Stock 6,956     6,956       6,956      
Tax receivable agreement liabilities recorded upon exchange of THG units for shares of Class A Common Stock (5,638)     (5,638)       (5,638)      
Distributions paid to non-controlling interest unit holders (167)                   (167)
Reallocation between controlling and non-controlling interest $ 0     (1,565)       (1,565)     1,565
Ending balance (in shares) at Sep. 30, 2025 346,042,267         100,426,000 241,552,000        
Ending balance at Sep. 30, 2025 $ 630,075     211,651   $ 10 $ 24 622,405 (411,786) 998 418,424
Temporary equity, beginning balance (in shares) at Dec. 31, 2025 8,483,561       8,484,000            
Temporary equity, beginning balance at Dec. 31, 2025 $ 86,618       $ 86,618            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         5,804            
Dividends related to Series A Convertible Preferred Stock         $ (5,600)            
Temporary equity, ending balance (in shares) at Sep. 30, 2026 8,483,561       8,484,000            
Temporary equity, ending balance at Sep. 30, 2026 $ 86,822       $ 86,822            
Beginning balance (in shares) at Dec. 31, 2025   100,706,893 241,552,156     100,707,000 241,552,000        
Beginning balance at Dec. 31, 2025 660,408     221,316   $ 10 $ 24 623,013 (402,960) 1,229 439,092
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 31,565 $ 31,565   6,000         6,000   25,565
Accretion of Series A Convertible Preferred Stock (5,804)     (5,804)       (5,804)      
Other comprehensive income (loss) (22,338)     (6,727)           (6,727) (15,611)
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           939,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (4,535)     (4,535)       (4,535)      
Share-based compensation 14,926     14,926       14,926      
Exchange of THG units for Class A Common Stock (in shares)           18,923,000 (18,474,000)        
Exchange of THG units for Class A Common Stock 0     35,280   $ 2 $ (2) 35,280     (35,280)
Deferred tax assets recorded upon exchange of THG units for shares of Class A Common Stock 26,881     26,881       26,881      
Tax receivable agreement liabilities recorded upon exchange of THG units for shares of Class A Common Stock (24,574)     (24,574)       (24,574)      
Distributions paid to non-controlling interest unit holders (11,132)                   (11,132)
Reallocation between controlling and non-controlling interest $ 0     (5,504)       (5,504)     5,504
Ending balance (in shares) at Sep. 30, 2026 347,066,915 120,569,434 223,078,245     120,569,000 223,078,000        
Ending balance at Sep. 30, 2026 $ 665,397     257,259   $ 12 $ 22 659,683 (396,960) (5,498) 408,138
Temporary equity, beginning balance (in shares) at Jun. 30, 2026         8,484,000            
Temporary equity, beginning balance at Jun. 30, 2026         $ 84,996            
Temporary Equity                      
Accretion of Series A Convertible Preferred Stock         $ 1,826            
Temporary equity, ending balance (in shares) at Sep. 30, 2026 8,483,561       8,484,000            
Temporary equity, ending balance at Sep. 30, 2026 $ 86,822       $ 86,822            
Beginning balance (in shares) at Jun. 30, 2026           101,805,000 241,552,000        
Beginning balance at Jun. 30, 2026 649,810     215,459   $ 10 $ 24 623,664 (407,171) (1,068) 434,351
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 36,269     10,211         10,211   26,058
Accretion of Series A Convertible Preferred Stock (1,826)     (1,826)       (1,826)      
Other comprehensive income (loss) (14,491)     (4,430)           (4,430) (10,061)
Issuance of shares under employee plans, net of shares withheld for employee taxes (in shares)           265,000          
Issuance of shares under employee plans, net of shares withheld for employee taxes (1,593)     (1,593)       (1,593)      
Share-based compensation 5,216     5,216       5,216      
Exchange of THG units for Class A Common Stock (in shares)           18,499,000 (18,474,000)        
Exchange of THG units for Class A Common Stock 0     34,483   $ 2 $ (2) 34,483     (34,483)
Deferred tax assets recorded upon exchange of THG units for shares of Class A Common Stock 26,881     26,881       26,881      
Tax receivable agreement liabilities recorded upon exchange of THG units for shares of Class A Common Stock (24,574)     (24,574)       (24,574)      
Distributions paid to non-controlling interest unit holders (10,295)                   (10,295)
Reallocation between controlling and non-controlling interest $ 0     (2,568)       (2,568)     2,568
Ending balance (in shares) at Sep. 30, 2026 347,066,915 120,569,434 223,078,245     120,569,000 223,078,000        
Ending balance at Sep. 30, 2026 $ 665,397     $ 257,259   $ 12 $ 22 $ 659,683 $ (396,960) $ (5,498) $ 408,138