XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
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, 2021     45,400,000        
Beginning balance at Dec. 31, 2021   $ (17.6) $ 0.0 $ 0.0 $ (6.8) $ (10.8)  
Increase (Decrease) in Stockholders' Equity              
Issuance of common stock (in shares)     200,000        
Repurchase of common stock (in shares) (4,147,450)   (4,200,000)        
Repurchase of common stock   (103.2)     (103.2)    
Equity-based compensation   1.4   1.4      
Foreign currency translation adjustment $ (3.1) (3.1)       (3.1)  
Amortization related to derivatives securities, net of tax   2.2       2.2  
Withholding tax related to stock option exercise and restricted stock vesting (2.3) (2.3)   (0.9) (1.4)    
Dividends   (0.8)     (0.8)    
Net income   52.4     52.4    
Ending balance (in shares) at Jun. 30, 2022     41,400,000        
Ending balance at Jun. 30, 2022   (71.0) $ 0.0 0.5 (59.8) (11.7)  
Beginning balance at Dec. 31, 2021             $ 0.0
Ending balance at Jun. 30, 2022             0.0
Beginning balance at Dec. 31, 2021 (17.6)            
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds              
Issuance of common stock 0.0            
Repurchase of common stock (103.2)            
Equity-based compensation 1.4            
Foreign currency translation adjustment (3.1)            
Amortization related to derivative securities, net of tax 2.2            
Dividends ($0.02 per share) (0.8)            
Net income 52.4            
Ending balance at Jun. 30, 2022 (71.0)            
Beginning balance (in shares) at Mar. 31, 2022     41,400,000        
Beginning balance at Mar. 31, 2022   (97.9) $ 0.0 0.0 (88.0) (9.9)  
Increase (Decrease) in Stockholders' Equity              
Equity-based compensation   0.5   0.5      
Foreign currency translation adjustment (2.4) (2.4)       (2.4)  
Amortization related to derivatives securities, net of tax 0.6 0.6       0.6  
Dividends   (0.4)     (0.4)    
Net income   28.6     28.6    
Ending balance (in shares) at Jun. 30, 2022     41,400,000        
Ending balance at Jun. 30, 2022   (71.0) $ 0.0 0.5 (59.8) (11.7)  
Beginning balance at Mar. 31, 2022             0.0
Ending balance at Jun. 30, 2022             0.0
Beginning balance at Mar. 31, 2022 (97.9)            
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds              
Equity-based compensation 0.5            
Foreign currency translation adjustment (2.4)            
Amortization related to derivative securities, net of tax 0.6            
Dividends ($0.02 per share) (0.4)            
Net income 28.6            
Ending balance at Jun. 30, 2022 (71.0)            
Beginning balance (in shares) at Dec. 31, 2022     41,400,000        
Beginning balance at Dec. 31, 2022   (21.6) $ 0.0 1.5 (12.5) (10.6)  
Increase (Decrease) in Stockholders' Equity              
Issuance of common stock (in shares)     100,000        
Equity-based compensation   0.7   0.7      
Foreign currency translation adjustment 1.5 1.5       1.5  
Amortization related to derivatives securities, net of tax   1.2       1.2  
Withholding tax related to stock option exercise and restricted stock vesting (0.7) (0.7)   (0.7)      
Dividends   (0.8)     (0.8)    
Net income   23.4     23.4   0.1
Ending balance (in shares) at Jun. 30, 2023     41,500,000        
Ending balance at Jun. 30, 2023   3.7 $ 0.0 1.5 10.1 (7.9)  
Beginning balance at Dec. 31, 2022             0.0
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds              
Capital contributions (2.2)           (2.2)
Ending balance at Jun. 30, 2023             2.3
Beginning balance at Dec. 31, 2022 (21.6)            
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds              
Issuance of common stock 0.0            
Capital contributions (2.2)           (2.2)
Equity-based compensation 0.7            
Foreign currency translation adjustment 1.5            
Amortization related to derivative securities, net of tax 1.2            
Dividends ($0.02 per share) (0.8)            
Net income 23.5            
Ending balance at Jun. 30, 2023 6.0            
Beginning balance (in shares) at Mar. 31, 2023     41,500,000        
Beginning balance at Mar. 31, 2023   (8.7) $ 0.0 1.4 (0.8) (9.3)  
Increase (Decrease) in Stockholders' Equity              
Equity-based compensation   0.5   0.5      
Foreign currency translation adjustment 0.8 0.8       0.8  
Amortization related to derivatives securities, net of tax 0.6 0.6       0.6  
Withholding tax related to stock option exercise and restricted stock vesting (0.4) (0.4)   (0.4)      
Dividends   (0.5)     (0.5)    
Net income   11.4     11.4   0.1
Ending balance (in shares) at Jun. 30, 2023     41,500,000        
Ending balance at Jun. 30, 2023   $ 3.7 $ 0.0 $ 1.5 $ 10.1 $ (7.9)  
Beginning balance at Mar. 31, 2023             0.4
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds              
Capital contributions (1.8)           (1.8)
Ending balance at Jun. 30, 2023             2.3
Beginning balance at Mar. 31, 2023 (8.3)            
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds              
Capital contributions (1.8)           $ (1.8)
Equity-based compensation 0.5            
Foreign currency translation adjustment 0.8            
Amortization related to derivative securities, net of tax 0.6            
Dividends ($0.02 per share) (0.5)            
Net income 11.5            
Ending balance at Jun. 30, 2023 $ 6.0