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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Class A
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Investment Entities
Beginning balance (in shares) at Dec. 31, 2023     129,985        
Beginning balance at Dec. 31, 2023 $ 1,278,466 $ 1,277,335 $ 1,300 $ 2,864,883 $ (1,586,292) $ (2,556) $ 1,131
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     1,243        
Issuance and amortization of equity-based compensation 2,170 2,170 $ 12 2,158      
Net current period OCI (3,594) (3,594)       (3,594)  
Dividends and distributions declared (26,036) (26,036)     (26,036)    
Shares canceled for tax withholding on vested stock awards (in shares)     (592)        
Shares canceled for tax withholding on vested stock awards (3,975) (3,975) $ (6) (3,969)      
Net loss (57,107) (57,103)     (57,103)   (4)
Ending balance (in shares) at Mar. 31, 2024     130,636        
Ending balance at Mar. 31, 2024 1,189,924 1,188,797 $ 1,306 2,863,072 (1,669,431) (6,150) 1,127
Beginning balance (in shares) at Dec. 31, 2023     129,985        
Beginning balance at Dec. 31, 2023 1,278,466 1,277,335 $ 1,300 2,864,883 (1,586,292) (2,556) 1,131
Increase (Decrease) in Stockholders' Equity              
Net current period OCI (2,497)            
Net loss (125,792)            
Ending balance (in shares) at Jun. 30, 2024     130,629        
Ending balance at Jun. 30, 2024 1,099,063 1,098,759 $ 1,306 2,866,030 (1,763,524) (5,053) 304
Beginning balance (in shares) at Mar. 31, 2024     130,636        
Beginning balance at Mar. 31, 2024 1,189,924 1,188,797 $ 1,306 2,863,072 (1,669,431) (6,150) 1,127
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     80        
Issuance and amortization of equity-based compensation 3,150 3,150 $ 1 3,149      
Share forfeitures (in shares)     (52)        
Net current period OCI 1,097 1,097       1,097  
Dividends and distributions declared (26,233) (26,233)     (26,233)    
Shares canceled for tax withholding on vested stock awards (in shares)     (35)        
Shares canceled for tax withholding on vested stock awards (192) (192) $ (1) (191)      
Net loss (68,683) (67,860)     (67,860)   (823)
Ending balance (in shares) at Jun. 30, 2024     130,629        
Ending balance at Jun. 30, 2024 1,099,063 1,098,759 $ 1,306 2,866,030 (1,763,524) (5,053) 304
Beginning balance (in shares) at Dec. 31, 2024     129,685        
Beginning balance at Dec. 31, 2024 1,045,811 1,048,218 $ 1,297 2,865,341 (1,812,083) (6,337) (2,407)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     1,619        
Issuance and amortization of equity-based compensation 4,213 4,213 $ 16 4,197      
Net current period OCI 1,831 1,831       1,831  
Dividends and distributions declared (20,802) (20,802)     (20,802)    
Shares canceled for tax withholding on vested stock awards (in shares)     (646)        
Shares canceled for tax withholding on vested stock awards (3,878) (3,878) $ (6) (3,872)      
Net loss 3,708 5,342     5,342   (1,634)
Ending balance (in shares) at Mar. 31, 2025     130,658        
Ending balance at Mar. 31, 2025 1,030,883 1,034,924 $ 1,307 2,865,666 (1,827,543) (4,506) (4,041)
Beginning balance (in shares) at Dec. 31, 2024     129,685        
Beginning balance at Dec. 31, 2024 1,045,811 1,048,218 $ 1,297 2,865,341 (1,812,083) (6,337) (2,407)
Increase (Decrease) in Stockholders' Equity              
Net current period OCI 6,337            
Net loss (21,465)            
Ending balance (in shares) at Jun. 30, 2025     129,994        
Ending balance at Jun. 30, 2025 988,260 994,355 $ 1,300 2,864,578 (1,871,523) 0 (6,095)
Beginning balance (in shares) at Mar. 31, 2025     130,658        
Beginning balance at Mar. 31, 2025 1,030,883 1,034,924 $ 1,307 2,865,666 (1,827,543) (4,506) (4,041)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     93        
Issuance and amortization of equity-based compensation 2,913 2,913 $ 1 2,912      
Repurchase of common stock (in shares)     (757)        
Repurchase of common stock (4,008) (4,008) $ (8) (4,000)      
Net current period OCI 4,506 4,506       4,506  
Dividends and distributions declared (20,862) (20,862)     (20,862)    
Net loss (25,172) (23,118)     (23,118)   (2,054)
Ending balance (in shares) at Jun. 30, 2025     129,994        
Ending balance at Jun. 30, 2025 $ 988,260 $ 994,355 $ 1,300 $ 2,864,578 $ (1,871,523) $ 0 $ (6,095)