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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 (10,303)       (10,303)    
Effect of CC Unit redemptions (in shares)           425 (425)
Effect of CC Unit redemptions 0 7,634     (7,634)    
Tax impact of equity transactions 853 853          
Equity award vestings (in shares)           263  
Equity award vestings (5,914) (4,366)     (1,555) $ 7  
Other comprehensive income (loss) 542     405 137    
Stock-based compensation 18,668 16,030     2,638    
Cash dividends declared (27,953)   (27,953)        
Net income 153,340   126,176   27,164    
Balance at the end of the period (in shares) at Sep. 30, 2025           68,839 11,008
Balance at the end of the period at Sep. 30, 2025 1,393,412 540,945 650,356 (2,086) 203,509 $ 688 $ 0
Balance at the beginning of the period at Dec. 31, 2024 0            
Balance at the end of the period at Sep. 30, 2025 0            
Balance at the beginning of the period (in shares) at Jun. 30, 2025           68,574 11,260
Balance at the beginning of the period at Jun. 30, 2025 1,348,537 530,945 618,554 (1,983) 200,336 $ 685 $ 0
Stockholders' Equity              
Member distributions (1,560)       (1,560)    
Effect of CC Unit redemptions (in shares)           252 (252)
Effect of CC Unit redemptions 0 4,603     (4,603)    
Tax impact of equity transactions 267 267          
Equity award vestings (in shares)           13  
Equity award vestings (204) (143)     (64) $ 3  
Other comprehensive income (loss) (120)     (103) (17)    
Stock-based compensation 6,126 5,273     853    
Cash dividends declared (9,822)   (9,822)        
Net income 50,188   41,624   8,564    
Balance at the end of the period (in shares) at Sep. 30, 2025           68,839 11,008
Balance at the end of the period at Sep. 30, 2025 1,393,412 540,945 650,356 (2,086) 203,509 $ 688 $ 0
Balance at the beginning of the period at Jun. 30, 2025 0            
Balance at the end of the period at Sep. 30, 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 (94,167)   (81,534)   (12,633)    
Member distributions (6,902)       (6,902)    
Effect of CC Unit redemptions (in shares)           897 (897)
Effect of CC Unit redemptions 5 17,165     (17,165) $ 5  
Tax impact of equity transactions 19,059 19,059          
Equity award vestings (in shares)           333  
Equity award vestings (8,023) (6,074)     (1,952) $ 3  
Other comprehensive income (loss) 1,162     996 166    
Stock-based compensation 22,343 19,400     2,943    
Cash dividends declared (30,562)   (30,562)        
Acquisition of non-controlling interest 19,565       19,565    
Net income 175,692   144,066   31,626    
Balance at the end of the period (in shares) at Sep. 30, 2026           70,120 10,061
Balance at the end of the period at Sep. 30, 2026 1,531,220 596,476 712,323 (581) 222,306 $ 696 $ 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 27            
Balance at the end of the period at Sep. 30, 2026 240,905            
Balance at the beginning of the period (in shares) at Jun. 30, 2026           69,633 10,546
Balance at the beginning of the period at Jun. 30, 2026 1,462,012 580,623 660,935 (1,435) 221,196 $ 693 $ 0
Stockholders' Equity              
Redeemable non-controlling interest (27)   (27)        
Member distributions (2,652)       (2,652)    
Effect of CC Unit redemptions (in shares)           485 (485)
Effect of CC Unit redemptions 5 9,391     (9,389)    
Tax impact of equity transactions (428) (428)          
Equity award vestings (in shares)           2  
Equity award vestings (18) (12)     (6) $ 0  
Other comprehensive income (loss) 841     854 (13)    
Stock-based compensation 7,900 6,902     998    
Cash dividends declared (10,749)   (10,749)        
Acquisition of non-controlling interest 245       245    
Net income 74,091   62,164   11,927    
Balance at the end of the period (in shares) at Sep. 30, 2026           70,120 10,061
Balance at the end of the period at Sep. 30, 2026 1,531,220 $ 596,476 $ 712,323 $ (581) $ 222,306 $ 696 $ 0
Balance at the beginning of the period at Jun. 30, 2026 241,121            
Mezzanine Equity              
Net income (216)            
Balance at the end of the period at Sep. 30, 2026 $ 240,905