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Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Accumulated other comprehensive income (loss)
Consolidated Entity Excluding Consolidated Funds
Total stockholders’ equity (deficit)
Consolidated Entity Excluding Consolidated Funds
Common Stock
Consolidated Entity Excluding Consolidated Funds
Additional paid-in capital
Consolidated Entity Excluding Consolidated Funds
Retained earnings (deficit)
Consolidated Entity Excluding Consolidated Funds
Accumulated other comprehensive income (loss)
Consolidated Funds
Beginning balance (in shares) at Dec. 31, 2023       41.4        
Beginning balance at Dec. 31, 2023   $ (6.7) $ 40.2 $ 0.0 $ 0.0 $ 46.9 $ (6.7)  
Increase (Decrease) in Stockholders' Equity                
Issuance of common stock (in shares)       0.3        
Issuance of common stock     0.1   0.1      
Repurchases of common stock (in shares)       (4.4)        
Repurchase of common stock     (95.7)   (0.4) (95.3)    
Equity-based compensation     0.6   0.6      
Foreign currency translation adjustment, net of tax $ 0.8   0.8       0.8  
Amortization related to derivatives securities, net of tax     2.0       2.0  
Withholding tax related to stock option exercise and restricted stock vesting (7.2)   (7.2)   (0.3) (6.9)    
Dividends     (1.2)     (1.2)    
Net income 42.5   42.5     42.5    
Ending balance (in shares) at Sep. 30, 2024       37.3        
Ending balance at Sep. 30, 2024   (3.9) (17.9) $ 0.0 0.0 (14.0) (3.9)  
Beginning balance at Dec. 31, 2023               $ 9.3
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Net income attributable to redeemable non-controlling interests in consolidated Funds 3.7             3.7
Capital contributions 1.1             1.1
Ending balance at Sep. 30, 2024               14.1
Beginning balance at Dec. 31, 2023 49.5              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Issuance of common stock 0.1              
Repurchase of common stock (95.7)              
Capital contributions 1.1             1.1
Equity-based compensation 0.6              
Foreign currency translation adjustment, net of tax 0.8              
Amortization related to derivative securities, net of tax 2.0              
Withholding tax related to stock option exercise and restricted stock vesting (7.2)   (7.2)   (0.3) (6.9)    
Dividends (1.2)              
Net income 46.2              
Ending balance at Sep. 30, 2024 (3.8)              
Beginning balance (in shares) at Jun. 30, 2024       37.1        
Beginning balance at Jun. 30, 2024   (5.4) (30.8) $ 0.0 0.0 (25.4) (5.4)  
Increase (Decrease) in Stockholders' Equity                
Issuance of common stock (in shares)       0.2        
Issuance of common stock     0.1   0.1      
Equity-based compensation     0.2   0.2      
Foreign currency translation adjustment, net of tax 0.8   0.8       0.8  
Amortization related to derivatives securities, net of tax     0.7       0.7  
Withholding tax related to stock option exercise and restricted stock vesting (5.4)   (5.4)   (0.3) (5.1)    
Dividends     (0.4)     (0.4)    
Net income 16.9   16.9     16.9    
Ending balance (in shares) at Sep. 30, 2024       37.3        
Ending balance at Sep. 30, 2024   (3.9) (17.9) $ 0.0 0.0 (14.0) (3.9)  
Beginning balance at Jun. 30, 2024               12.0
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Net income attributable to redeemable non-controlling interests in consolidated Funds 2.1             2.1
Ending balance at Sep. 30, 2024               14.1
Beginning balance at Jun. 30, 2024 (18.8)              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Issuance of common stock 0.1              
Equity-based compensation 0.2              
Foreign currency translation adjustment, net of tax 0.8              
Amortization related to derivative securities, net of tax 0.7              
Withholding tax related to stock option exercise and restricted stock vesting (5.4)   (5.4)   (0.3) (5.1)    
Dividends (0.4)              
Net income 19.0              
Ending balance at Sep. 30, 2024 (3.8)              
Beginning balance (in shares) at Dec. 31, 2024       37.5        
Beginning balance at Dec. 31, 2024   (4.4) 20.0 $ 0.0 0.0 24.4 (4.4)  
Increase (Decrease) in Stockholders' Equity                
Repurchases of common stock (in shares)       (1.8)        
Repurchase of common stock     (48.4)   (1.7) (46.7)    
Equity-based compensation     1.9   1.9      
Foreign currency translation adjustment, net of tax 0.7   0.7       0.7  
Amortization related to derivatives securities, net of tax     2.2       2.2  
Withholding tax related to stock option exercise and restricted stock vesting (0.2)   (0.2)   (0.2)      
Dividends     (1.1)     (1.1)    
Net income 45.3   45.3     45.3    
Ending balance (in shares) at Sep. 30, 2025       35.7        
Ending balance at Sep. 30, 2025   (1.5) 20.4 $ 0.0 0.0 21.9 (1.5)  
Beginning balance at Dec. 31, 2024               67.1
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Net income attributable to redeemable non-controlling interests in consolidated Funds 24.6             24.6
Capital contributions 142.1             142.1
Net deconsolidation of Funds               (142.9)
Ending balance at Sep. 30, 2025               90.9
Beginning balance at Dec. 31, 2024 87.1              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Repurchase of common stock (48.4)              
Capital contributions 142.1             142.1
Equity-based compensation 1.9              
Foreign currency translation adjustment, net of tax 0.7              
Amortization related to derivative securities, net of tax 2.2              
Withholding tax related to stock option exercise and restricted stock vesting (0.2)   (0.2)   (0.2)      
Net deconsolidation of Funds (142.9)              
Dividends (1.1)              
Net income 69.9              
Ending balance at Sep. 30, 2025 111.3              
Beginning balance (in shares) at Jun. 30, 2025       35.8        
Beginning balance at Jun. 30, 2025   (2.1) 9.2 $ 0.0 0.0 11.3 (2.1)  
Increase (Decrease) in Stockholders' Equity                
Repurchases of common stock (in shares)       (0.1)        
Repurchase of common stock     (5.0)   (0.8) (4.2)    
Equity-based compensation     0.8   0.8      
Foreign currency translation adjustment, net of tax (0.2)   (0.2)       (0.2)  
Amortization related to derivatives securities, net of tax     0.8       0.8  
Dividends     (0.3)     (0.3)    
Net income 15.1   15.1     15.1    
Ending balance (in shares) at Sep. 30, 2025       35.7        
Ending balance at Sep. 30, 2025   $ (1.5) $ 20.4 $ 0.0 $ 0.0 $ 21.9 $ (1.5)  
Beginning balance at Jun. 30, 2025               77.7
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Net income attributable to redeemable non-controlling interests in consolidated Funds 11.9             11.9
Capital contributions 144.2             144.2
Net deconsolidation of Funds               (142.9)
Ending balance at Sep. 30, 2025               90.9
Beginning balance at Jun. 30, 2025 86.9              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Repurchase of common stock (5.0)              
Capital contributions 144.2             $ 144.2
Equity-based compensation 0.8              
Foreign currency translation adjustment, net of tax (0.2)              
Amortization related to derivative securities, net of tax 0.8              
Net deconsolidation of Funds (142.9)              
Dividends (0.3)              
Net income 27.0              
Ending balance at Sep. 30, 2025 $ 111.3