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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      
Other comprehensive income (loss) (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 income (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              
Other comprehensive income (loss) (2,094)            
Net income (loss) (114,371)            
Ending balance (in shares) at Sep. 30, 2024     129,685        
Ending balance at Sep. 30, 2024 1,086,525 1,087,529 $ 1,297 2,862,473 (1,771,591) (4,650) (1,004)
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)        
Other comprehensive income (loss) 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 income (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
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation (in shares)     313        
Issuance and amortization of equity-based compensation 3,421 3,421 $ 3 3,418      
Repurchase of common stock (in shares)     (1,195)        
Repurchase of common stock (6,593) (6,593) $ (12) (6,581)      
Other comprehensive income (loss) 403 403       403  
Dividends and distributions declared (20,796) (20,796)     (20,796)    
Shares canceled for tax withholding on vested stock awards (in shares)     (62)        
Shares canceled for tax withholding on vested stock awards (394) (394)   (394)      
Net income (loss) 11,421 12,729     12,729   (1,308)
Ending balance (in shares) at Sep. 30, 2024     129,685        
Ending balance at Sep. 30, 2024 1,086,525 1,087,529 $ 1,297 2,862,473 (1,771,591) (4,650) (1,004)
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      
Other comprehensive income (loss) 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 income (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              
Other comprehensive income (loss) 6,337            
Net income (loss) (22,769)            
Ending balance (in shares) at Sep. 30, 2025     129,733        
Ending balance at Sep. 30, 2025 968,030 976,413 $ 1,297 2,866,411 (1,891,295) 0 (8,383)
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)      
Other comprehensive income (loss) 4,506 4,506       4,506  
Dividends and distributions declared (20,862) (20,862)     (20,862)    
Net income (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)
Increase (Decrease) in Stockholders' Equity              
Issuance and amortization of equity-based compensation 2,927 2,927   2,927      
Repurchase of common stock (in shares)     (181)        
Repurchase of common stock (964) (964) $ (3) (961)      
Share forfeitures (in shares)     (80)        
Share forfeitures (133) (133)   (133)      
Other comprehensive income (loss) 0            
Dividends and distributions declared (20,756) (20,756)     (20,756)    
Net income (loss) (1,304) 984     984   (2,288)
Ending balance (in shares) at Sep. 30, 2025     129,733        
Ending balance at Sep. 30, 2025 $ 968,030 $ 976,413 $ 1,297 $ 2,866,411 $ (1,891,295) $ 0 $ (8,383)