v3.26.3
Condensed Consolidated Statements of Shareholders' and Member's Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Class A
Common Stock
Class B
Retained Earnings [Member]
Non-controlling Interest
Beginning Balance at Dec. 31, 2024 $ 637,071 $ 208,427   $ 3,349 $ 425,295
Beginning Balance, Shares at Dec. 31, 2024   23,255,419 53,227,852    
Net income 15,459     6,464 8,995
Deemed non-cash contributions 8,945       8,945
RSU share-based compensation expense 2,195 $ 668     1,527
Cancellation of Class B shares     (34,674)    
Tax distributions (5,821)       (5,821)
Dividends and distributions (7,662)     (2,326) (5,336)
RSU dividend equivalent rights (75)     (23) (52)
Change in Ownership Interest Adjustment   860     (860)
Offering costs (450) (450)      
Ending Balance at Mar. 31, 2025 649,662 $ 209,505   7,464 432,693
Ending Balance, Shares at Mar. 31, 2025   23,255,419 53,193,178    
Beginning Balance at Dec. 31, 2024 637,071 $ 208,427   3,349 425,295
Beginning Balance, Shares at Dec. 31, 2024   23,255,419 53,227,852    
Net income 54,225        
Ending Balance at Sep. 30, 2025 697,828 $ 254,007   17,981 425,840
Ending Balance, Shares at Sep. 30, 2025   25,337,028 51,093,505    
Beginning Balance at Mar. 31, 2025 649,662 $ 209,505   7,464 432,693
Beginning Balance, Shares at Mar. 31, 2025   23,255,419 53,193,178    
Net income 18,475     7,502 10,973
Deemed non-cash contributions 9,044       9,044
RSU share-based compensation expense 2,227 $ 715     1,512
Redemption of Class B shares for Class A shares   1,900,000      
Redemption of Class B shares for Class A shares     (1,900,000)    
Cancellation of Class B shares     (79,686)    
Tax distributions (16,650)       (16,650)
Dividends and distributions (7,639)     (2,515) (5,124)
RSU dividend equivalent rights (76)     (25) (51)
Change in Ownership Interest Adjustment   $ 13,880     (13,880)
Tax impact of ownership interest adjustment 30,123 30,123      
Offering costs (201) (201)      
Ending Balance at Jun. 30, 2025 684,965 $ 254,022   12,426 418,517
Ending Balance, Shares at Jun. 30, 2025   25,155,419 51,213,492    
Net income 20,291     8,107 12,184
Deemed non-cash contributions 9,144       9,144
RSU share-based compensation expense 2,081 $ 689     1,392
Class A Shares issued on vesting of RSUs, net of shares withheld for tax, Shares   181,609      
Class A Shares issued on vesting of RSUs, net of shares withheld for tax (5,728) $ (5,728)      
Cancellation of Class B shares     (119,987)    
Tax distributions (7,140)       (7,140)
Dividends and distributions (7,655)     (2,534) (5,121)
RSU dividend equivalent rights (55)     (18) (37)
Change in Ownership Interest Adjustment   3,099     (3,099)
Tax impact of ownership interest adjustment 1,843 1,843      
Offering costs 82 82      
Ending Balance at Sep. 30, 2025 697,828 $ 254,007   17,981 425,840
Ending Balance, Shares at Sep. 30, 2025   25,337,028 51,093,505    
Beginning Balance at Dec. 31, 2025 793,985 $ 317,069   23,233 453,683
Beginning Balance, Shares at Dec. 31, 2025   27,838,199 49,250,916    
Net income 17,868     8,715 9,153
Deemed non-cash contributions 9,002       9,002
RSU share-based compensation expense 2,262 $ 817     1,445
Class A Shares issued on vesting of RSUs, net of shares withheld for tax, Shares   1,030      
Class A Shares issued on vesting of RSUs, net of shares withheld for tax (3) $ (3)      
Cancellation of Class B shares     (73,141)    
Tax distributions (5,413)       (5,413)
Dividends and distributions (9,251)     (3,341) (5,910)
RSU dividend equivalent rights (64)     (23) (41)
Change in Ownership Interest Adjustment   (1,702)     1,702
Tax impact of ownership interest adjustment (270) (270)      
Ending Balance at Mar. 31, 2026 808,116 $ 315,911   28,584 463,621
Ending Balance, Shares at Mar. 31, 2026   27,839,229 49,177,775    
Beginning Balance at Dec. 31, 2025 793,985 $ 317,069   23,233 453,683
Beginning Balance, Shares at Dec. 31, 2025   27,838,199 49,250,916    
Net income 82,965        
Ending Balance at Sep. 30, 2026 866,521 $ 343,066   46,839 476,616
Ending Balance, Shares at Sep. 30, 2026   29,654,484 47,356,800    
Beginning Balance at Mar. 31, 2026 808,116 $ 315,911   28,584 463,621
Beginning Balance, Shares at Mar. 31, 2026   27,839,229 49,177,775    
Net income 31,049     12,287 18,762
Deemed non-cash contributions 8,964       8,964
RSU share-based compensation expense 2,276 $ 827     1,449
Redemption of Class B shares for Class A shares   393,860      
Redemption of Class B shares for Class A shares     (393,860)    
Class A Shares issued on vesting of RSUs, net of shares withheld for tax, Shares   128      
Class A Shares issued on vesting of RSUs, net of shares withheld for tax (4) $ (4)      
Cancellation of Class B shares     (102,987)    
Tax distributions (9,287)       (9,287)
Dividends and distributions (9,242)     (3,388) (5,854)
RSU dividend equivalent rights (65)     (24) (41)
Change in Ownership Interest Adjustment   1,339     (1,339)
Ending Balance at Jun. 30, 2026 831,807 $ 318,073   37,459 476,275
Ending Balance, Shares at Jun. 30, 2026   28,233,217 48,680,928    
Net income 34,048     12,958 21,090
Deemed non-cash contributions 6,504       6,504
RSU share-based compensation expense 2,638 $ 1,004     1,634
Redemption of Class B shares for Class A shares   1,250,000      
Redemption of Class B shares for Class A shares     (1,250,000)    
Class A Shares issued on vesting of RSUs, net of shares withheld for tax, Shares   171,267      
Class A Shares issued on vesting of RSUs, net of shares withheld for tax (6,560) $ (6,560)      
Cancellation of Class B shares     (74,128)    
Tax distributions (8,108)       (8,108)
Dividends and distributions (9,250)     (3,558) (5,692)
RSU dividend equivalent rights (51)     (20) (31)
Change in Ownership Interest Adjustment   15,056     (15,056)
Tax impact of ownership interest adjustment 15,493 15,493      
Ending Balance at Sep. 30, 2026 $ 866,521 $ 343,066   $ 46,839 $ 476,616
Ending Balance, Shares at Sep. 30, 2026   29,654,484 47,356,800