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Unaudited condensed consolidated statements of changes in equity - USD ($)
$ in Thousands
Total Shareholders' Equity
Common Stock
Class A common stock
Common Stock
Class B common stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income
Non-controlling Interest
Total
Beginning balance at Dec. 31, 2020 $ 539,799 $ 512 $ 207 $ 526,664 $ 14,583 $ (2,167) $ 319,080 $ 858,879
Beginning balance (in shares) at Dec. 31, 2020   51,158,712 20,661,595          
Increase (Decrease) in shareholders' equity                
Net income 2,882       2,882   6,623 9,505
Issuance of units in connection with an acquisition and contingent consideration 1   $ 1         1
Issuance of units in connection with an acquisition and contingent consideration (in shares)     233,098          
Issuance (cancellation) of common stock in connection with offering, net 317,860 $ 65 $ (63) 317,858       317,860
Issuance (cancellation) of common stock in connection with offering, net (in shares)   6,568,098 (6,306,301)          
Issuance (cancellation) of common stock in connection with exercise of Focus LLC common unit exchange rights 109,677 $ 22 $ (22) 109,677       109,677
Issuance (cancellation) of common stock in connection with exercise of Focus LLC common unit exchange rights (in shares)   2,249,615 (2,249,615)          
Issuance of common stock in connection with exercise of Focus LLC incentive unit exchange rights 8,350 $ 2   8,348       8,350
Issuance of common stock in connection with exercise of Focus LLC incentive unit exchange rights (in shares)   169,530            
Exercise of stock options 5,345 $ 2   5,343       5,345
Exercise of stock options (in shares)   169,386            
Change in non-controlling interest allocation (328,318)     (328,318)     (100,028) (428,346)
Non-cash equity compensation expenses 3,859     3,859       3,859
Currency translation adjustment - net of tax (4,516)         (4,516) (1,360) (5,876)
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges-net of tax 4,006         4,006 1,931 5,937
Adjustments of deferred taxes, net of amounts payable under tax receivable agreements and changes from Focus LLC interest transactions 16,110     16,110       16,110
Ending balance at Sep. 30, 2021 675,055 $ 603 $ 123 659,541 17,465 (2,677) 226,246 901,301
Ending Balance (in shares) at Sep. 30, 2021   60,315,341 12,338,777          
Beginning balance at Jun. 30, 2021 668,696 $ 598 $ 127 650,421 16,816 734 230,389 899,085
Beginning balance (in shares) at Jun. 30, 2021   59,792,889 12,692,740          
Increase (Decrease) in shareholders' equity                
Net income 649       649   1,200 1,849
Issuance of units in connection with an acquisition and contingent consideration (in shares)     64,706          
Issuance (cancellation) of common stock in connection with exercise of Focus LLC common unit exchange rights 21,901 $ 4 $ (4) 21,901       21,901
Issuance (cancellation) of common stock in connection with exercise of Focus LLC common unit exchange rights (in shares)   418,669 (418,669)          
Issuance of common stock in connection with exercise of Focus LLC incentive unit exchange rights 1,825     1,825       1,825
Issuance of common stock in connection with exercise of Focus LLC incentive unit exchange rights (in shares)   34,898            
Exercise of stock options 2,169 $ 1   2,168       2,169
Exercise of stock options (in shares)   68,885            
Change in non-controlling interest allocation (18,833)     (18,833)     (4,129) (22,962)
Non-cash equity compensation expenses 1,569     1,569       1,569
Currency translation adjustment - net of tax (3,735)         (3,735) (1,322) (5,057)
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges-net of tax 324         324 108 432
Adjustments of deferred taxes, net of amounts payable under tax receivable agreements and changes from Focus LLC interest transactions 490     490       490
Ending balance at Sep. 30, 2021 675,055 $ 603 $ 123 659,541 17,465 (2,677) 226,246 901,301
Ending Balance (in shares) at Sep. 30, 2021   60,315,341 12,338,777          
Beginning balance at Dec. 31, 2021 870,544 $ 653 $ 114 841,753 24,995 3,029 246,864 1,117,408
Beginning balance (in shares) at Dec. 31, 2021   65,320,124 11,439,019          
Increase (Decrease) in shareholders' equity                
Net income 91,434       91,434   35,255 126,689
Issuance of units in connection with an acquisition and contingent consideration 7   $ 7         7
Issuance of units in connection with an acquisition and contingent consideration (in shares)     700,085          
Issuance (cancellation) of common stock in connection with exercise of Focus LLC common unit exchange rights 19,592 $ 5 $ (5) 19,592       19,592
Issuance (cancellation) of common stock in connection with exercise of Focus LLC common unit exchange rights (in shares)   486,573 (486,573)          
Issuance of common stock in connection with exercise of Focus LLC incentive unit exchange rights 702     702       702
Issuance of common stock in connection with exercise of Focus LLC incentive unit exchange rights (in shares)   17,114            
Exercise of stock options 1,158     1,158       1,158
Exercise of stock options (in shares)   42,076            
Restricted stock units vesting and related withholdings (in shares)   45            
Restricted common units vesting (in shares)     1,162          
Change in non-controlling interest allocation 65,618     65,618     (56,682) 8,936
Non-cash equity compensation expenses 6,323     6,323       6,323
Currency translation adjustment - net of tax (16,574)         (16,574) (4,088) (20,662)
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges-net of tax 24,923         24,923 6,888 31,811
Adjustments of deferred taxes, net of amounts payable under tax receivable agreements and changes from Focus LLC interest transactions (5,104)     (5,104)       (5,104)
Ending balance at Sep. 30, 2022 1,058,623 $ 658 $ 116 930,042 116,429 11,378 228,237 1,286,860
Ending Balance (in shares) at Sep. 30, 2022   65,865,932 11,653,693          
Beginning balance at Jun. 30, 2022 1,014,035 $ 654 $ 120 910,222 87,180 15,859 234,821 1,248,856
Beginning balance (in shares) at Jun. 30, 2022   65,442,389 12,034,104          
Increase (Decrease) in shareholders' equity                
Net income 29,249       29,249   9,040 38,289
Issuance (cancellation) of common stock in connection with exercise of Focus LLC common unit exchange rights 15,469 $ 4 $ (4) 15,469       15,469
Issuance (cancellation) of common stock in connection with exercise of Focus LLC common unit exchange rights (in shares)   381,573 (381,573)          
Issuance of common stock in connection with exercise of Focus LLC incentive unit exchange rights 615     615       615
Issuance of common stock in connection with exercise of Focus LLC incentive unit exchange rights (in shares)   15,158            
Exercise of stock options 736     736       736
Exercise of stock options (in shares)   26,767            
Restricted stock units vesting and related withholdings (in shares)   45            
Restricted common units vesting (in shares)     1,162          
Change in non-controlling interest allocation 1,009     1,009     (14,578) (13,569)
Non-cash equity compensation expenses 2,226     2,226       2,226
Currency translation adjustment - net of tax (10,666)         (10,666) (2,571) (13,237)
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges-net of tax 6,185         6,185 1,525 7,710
Adjustments of deferred taxes, net of amounts payable under tax receivable agreements and changes from Focus LLC interest transactions (235)     (235)       (235)
Ending balance at Sep. 30, 2022 $ 1,058,623 $ 658 $ 116 $ 930,042 $ 116,429 $ 11,378 $ 228,237 $ 1,286,860
Ending Balance (in shares) at Sep. 30, 2022   65,865,932 11,653,693