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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
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, 2022       41.4        
Beginning balance at Dec. 31, 2022   $ (10.6) $ (21.6) $ 0.0 $ 1.5 $ (12.5) $ (10.6)  
Increase (Decrease) in Stockholders' Equity                
Issuance of common stock (in shares)       0.3        
Repurchase of common stock including excise taxes (in shares)       (0.3)        
Repurchase of common stock including excise taxes     (5.1)   (0.3) (4.8)    
Equity-based compensation     1.2   1.2      
Foreign currency translation adjustment, net of tax $ 1.4   1.4       1.4  
Amortization related to derivative securities, net of tax     2.5       2.5  
Withholding tax related to restricted stock vesting (2.4)   (2.4)   (2.4)      
Dividends     (1.6)     (1.6)    
Net income 65.8   65.8     65.8    
Ending balance (in shares) at Dec. 31, 2023       41.4        
Ending balance at Dec. 31, 2023   (6.7) 40.2 $ 0.0 0.0 46.9 (6.7)  
Beginning balance at Dec. 31, 2022               $ 0.0
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Capital contributions 9.9             9.9
Net de-consolidation of Funds               (1.9)
Net income attributable to redeemable non-controlling interests in consolidated Funds 1.3             1.3
Ending balance at Dec. 31, 2023               9.3
Beginning balance at Dec. 31, 2022 (21.6)              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Repurchase of common stock (5.1)              
Capital contributions 9.9             9.9
Equity-based compensation 1.2              
Foreign currency translation adjustment, net of tax 1.4              
Amortization related to derivative securities, net of tax 2.5              
Withholding tax related to restricted stock vesting (2.4)   (2.4)   (2.4)      
Net de-consolidation of Funds (1.9)              
Dividends (1.6)              
Net income 67.1              
Ending balance at Dec. 31, 2023 49.5              
Increase (Decrease) in Stockholders' Equity                
Issuance of common stock (in shares)       0.5        
Issuance of common stock     0.1   0.1      
Repurchase of common stock including excise taxes (in shares)       (4.4)        
Repurchase of common stock including excise taxes     (95.6)   (0.4) (95.2)    
Equity-based compensation     0.9   0.9      
Foreign currency translation adjustment, net of tax (0.4)   (0.4)       (0.4)  
Amortization related to derivative securities, net of tax     2.7       2.7  
Withholding tax related to restricted stock vesting (11.4)   (11.4)   (0.6) (10.8)    
Dividends     (1.5)     (1.5)    
Net income 85.0   85.0     85.0    
Ending balance (in shares) at Dec. 31, 2024       37.5        
Ending balance at Dec. 31, 2024   (4.4) 20.0 $ 0.0 0.0 24.4 (4.4)  
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Capital contributions 56.0             56.0
Net income attributable to redeemable non-controlling interests in consolidated Funds 1.8             1.8
Ending balance at Dec. 31, 2024               67.1
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Issuance of common stock 0.1              
Repurchase of common stock (95.6)              
Capital contributions 56.0             56.0
Equity-based compensation 0.9              
Foreign currency translation adjustment, net of tax (0.4)              
Amortization related to derivative securities, net of tax 2.7              
Withholding tax related to restricted stock vesting (11.4)   (11.4)   (0.6) (10.8)    
Dividends (1.5)              
Net income 86.8              
Ending balance at Dec. 31, 2024 87.1              
Increase (Decrease) in Stockholders' Equity                
Repurchase of common stock including excise taxes (in shares)       (1.8)        
Repurchase of common stock including excise taxes     (48.4)   (1.7) (46.7)    
Equity-based compensation     2.9   2.9      
Foreign currency translation adjustment, net of tax 0.7   0.7       0.7  
Amortization related to derivative securities, net of tax     7.1       7.1  
Withholding tax related to restricted stock vesting (0.2)   (0.2)   (0.2)      
Dividends     (1.5)     (1.5)    
Net income 80.0   80.0     80.0    
Ending balance (in shares) at Dec. 31, 2025       35.7        
Ending balance at Dec. 31, 2025   $ 3.4 60.6 $ 0.0 1.0 $ 56.2 $ 3.4  
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Capital contributions 141.3             141.3
Net de-consolidation of Funds               (211.6)
Net income attributable to redeemable non-controlling interests in consolidated Funds 26.6             26.6
Ending balance at Dec. 31, 2025               23.4
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Repurchase of common stock (48.4)              
Capital contributions 141.3             $ 141.3
Equity-based compensation 2.9              
Foreign currency translation adjustment, net of tax 0.7              
Amortization related to derivative securities, net of tax 7.1              
Withholding tax related to restricted stock vesting (0.2)   $ (0.2)   $ (0.2)      
Net de-consolidation of Funds (211.6)              
Dividends (1.5)              
Net income 106.6              
Ending balance at Dec. 31, 2025 $ 84.0