XML 19 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Nonrelated Party
Accumulated other comprehensive income (loss)
Consolidated Entity Excluding Consolidated Funds
Total stockholders’ equity (deficit)
Consolidated Entity Excluding Consolidated Funds
Total stockholders’ equity (deficit)
Nonrelated Party
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
Retained earnings (deficit)
Nonrelated Party
Consolidated Entity Excluding Consolidated Funds
Accumulated other comprehensive income (loss)
Consolidated Funds
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                      
Repurchase of common stock including excise taxes (in shares)           (0.8)          
Repurchase of common stock including excise taxes       (19.6)     (0.4) (19.2)      
Equity-based compensation       0.6     0.6        
Foreign currency translation adjustment, net of tax $ 0.5     0.5           0.5  
Amortization related to derivative securities, net of tax       0.7           0.7  
Withholding tax related to restricted stock vesting (0.2)     (0.2)     (0.2)        
Dividends       (0.4)       (0.4)      
Net income (loss) 20.1     20.1       20.1      
Ending balance (in shares) at Mar. 31, 2025           36.7          
Ending balance at Mar. 31, 2025     $ (3.2) 21.7   $ 0.0 0.0 24.9   (3.2)  
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 3.7                   3.7
Ending balance at Mar. 31, 2025                     70.8
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 including excise taxes (19.6)                    
Equity-based compensation 0.6                    
Foreign currency translation adjustment, net of tax 0.5                    
Amortization related to derivative securities, net of tax 0.7                    
Withholding tax related to restricted stock vesting (0.2)     (0.2)     (0.2)        
Dividends (0.4)                    
Net income (loss) 23.8                    
Ending balance at Mar. 31, 2025 92.5                    
Beginning balance (in shares) at Dec. 31, 2025           35.7          
Beginning balance at Dec. 31, 2025       60.6   $ 0.0 1.0 56.2   3.4  
Increase (Decrease) in Stockholders' Equity                      
Repurchase of common stock including excise taxes (in shares)           (0.1)          
Repurchase of common stock including excise taxes       (4.7)     (2.0) (2.7)      
Equity-based compensation       1.5     1.5        
Foreign currency translation adjustment, net of tax (0.1)     (0.1)           (0.1)  
Withholding tax related to restricted stock vesting (0.5)     (0.5)     (0.5)        
Dividends         $ (3.6)       $ (3.6)    
Net income (loss) 24.3     24.3       24.3      
Ending balance (in shares) at Mar. 31, 2026           35.6          
Ending balance at Mar. 31, 2026       77.5   $ 0.0 0.0 $ 74.2   $ 3.3  
Beginning balance at Dec. 31, 2025                     23.4
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                      
Capital contributions (distributions) (1.6)                   (1.6)
Net income attributable to redeemable non-controlling interests in consolidated Funds 0.1                   0.1
Ending balance at Mar. 31, 2026                     21.9
Beginning balance at Dec. 31, 2025 84.0                    
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                      
Repurchase of common stock including excise taxes (4.7)                    
Capital contributions (distributions) (1.6)                   $ (1.6)
Equity-based compensation 1.5                    
Foreign currency translation adjustment, net of tax (0.1)                    
Amortization related to derivative securities, net of tax 0.0                    
Withholding tax related to restricted stock vesting (0.5)     $ (0.5)     $ (0.5)        
Dividends   $ (3.6)                  
Net income (loss) 24.4                    
Ending balance at Mar. 31, 2026 $ 99.4