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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND MEZZANINE EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Class A Common Stock
Common stock
Class B Common Stock
Common stock
Balance at the beginning of the period (in shares) at Dec. 31, 2024           68,151 11,433
Balance at the beginning of the period at Dec. 31, 2024 $ 1,264,179 $ 520,794 $ 552,133 $ (2,491) $ 193,062 $ 681 $ 0
Stockholders' Equity              
Member distributions (5,089)       (5,089)    
Effect of CC Unit redemptions (in shares)           0 0
Effect of CC Unit redemptions 0 0     0 $ 0  
Tax impact of equity transactions 401 401          
Equity award vestings (in shares)           239  
Equity award vestings (5,498) (4,070)     (1,430) $ 2  
Other comprehensive income (loss) 165     136 29    
Share repurchases (in shares)           0  
Share repurchases 0 0     0 $ 0  
Stock-based compensation 6,142 5,261     881    
Cash dividends declared (9,035)   (9,035)        
Net income 54,105   44,223   9,882    
Balance at the end of the period (in shares) at Mar. 31, 2025           68,390 11,433
Balance at the end of the period at Mar. 31, 2025 1,305,370 522,386 587,321 (2,355) 197,335 $ 683 $ 0
Balance at the beginning of the period at Dec. 31, 2024 0            
Balance at the end of the period at Mar. 31, 2025 0            
Balance at the beginning of the period (in shares) at Dec. 31, 2025           68,890 10,958
Balance at the beginning of the period at Dec. 31, 2025 1,433,048 546,926 680,353 (1,577) 206,658 $ 688 $ 0
Stockholders' Equity              
Redeemable non-controlling interest (94,140)   (81,507)   (12,633)    
Member distributions (1,502)       (1,502)    
Effect of CC Unit redemptions (in shares)           200 (200)
Effect of CC Unit redemptions 0 3,856     (3,858) $ 2  
Tax impact of equity transactions 18,718 18,718          
Equity award vestings (in shares)           326  
Equity award vestings (7,878) (5,977)     (1,904) $ 3  
Other comprehensive income (loss) 147     (252) 399    
Stock-based compensation 7,039 6,084     955    
Cash dividends declared (9,835)   (9,835)        
Acquisition of non-controlling interest 19,835       19,835    
Net income 40,221   32,906   7,315    
Balance at the end of the period (in shares) at Mar. 31, 2026           69,416 10,758
Balance at the end of the period at Mar. 31, 2026 1,405,653 $ 569,607 $ 621,917 $ (1,829) $ 215,265 $ 693 $ 0
Balance at the beginning of the period at Dec. 31, 2025 0            
Mezzanine Equity              
Redeemable non-controlling interest 94,140            
Acquisition of non-controlling interest 146,738            
Net income (270)            
Balance at the end of the period at Mar. 31, 2026 $ 240,608