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Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Total stockholders’ equity (deficit)
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, 2022         41,400,000        
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)         100,000        
Repurchases of common stock including excise taxes (in shares) 0                
Equity-based compensation       0.7   0.7      
Foreign currency translation adjustment, net of tax $ 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     (7.9) 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 (Redemptions) In Permanent And Temporary Equities (2.2)               (2.2)
Net income       23.4     23.4   0.1
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                  
Capital contributions 2.2               2.2
Equity-based compensation 0.7                
Foreign currency translation adjustment, net of tax 1.5                
Amortization related to derivative securities, net of tax 1.2                
Withholding tax related to stock option exercise and restricted stock vesting (0.7)     (0.7)   (0.7)      
Dividends (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     (9.3) (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, net of tax 0.8     0.8       0.8  
Amortization related to derivatives securities, net of tax       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     (7.9) 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 (Redemptions) In Permanent And Temporary Equities (1.8)               (1.8)
Net income       11.4     11.4   0.1
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, net of tax 0.8                
Amortization related to derivative securities, net of tax 0.6                
Withholding tax related to stock option exercise and restricted stock vesting   $ (0.4)   (0.4)   (0.4)      
Dividends (0.5)                
Net income 11.5                
Ending balance at Jun. 30, 2023 $ 6.0                
Beginning balance (in shares) at Dec. 31, 2023         41,400,000        
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)         100,000        
Repurchases of common stock including excise taxes (in shares) (4,445,534)       (4,400,000)        
Repurchases of common stock including excise taxes $ (94.9)     (95.7)   (0.4) (95.3)    
Equity-based compensation       0.4   0.4      
Foreign currency translation adjustment, net of tax 0.0                
Amortization related to derivatives securities, net of tax       1.3       1.3  
Withholding tax related to stock option exercise and restricted stock vesting (1.8)     (1.8)     (1.8)    
Dividends       (0.8)     (0.8)    
Net income       25.6     25.6   1.6
Ending balance (in shares) at Jun. 30, 2024         37,100,000        
Ending balance at Jun. 30, 2024     (5.4) (30.8) $ 0.0 0.0 (25.4) (5.4)  
Beginning balance at Dec. 31, 2023                 9.3
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                  
Capital Contributions (Redemptions) In Permanent And Temporary Equities (1.1)               (1.1)
Net income       25.6     25.6   1.6
Ending balance at Jun. 30, 2024                 12.0
Beginning balance at Dec. 31, 2023 49.5                
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                  
Repurchases of common stock including excise taxes (95.7)                
Capital contributions 1.1               1.1
Equity-based compensation 0.4                
Amortization related to derivative securities, net of tax 1.3                
Withholding tax related to stock option exercise and restricted stock vesting (1.8)     (1.8)     (1.8)    
Dividends (0.8)                
Net income 27.2                
Ending balance at Jun. 30, 2024 (18.8)                
Beginning balance (in shares) at Mar. 31, 2024         38,000,000.0        
Beginning balance at Mar. 31, 2024     (6.2) (21.7) $ 0.0 0.0 (15.5) (6.2)  
Increase (Decrease) in Stockholders' Equity                  
Issuance of common stock (in shares)         0        
Repurchases of common stock including excise taxes (in shares)         (900,000)        
Repurchases of common stock including excise taxes       (20.7)   (0.2) (20.5)    
Equity-based compensation       0.2   0.2      
Foreign currency translation adjustment, net of tax 0.2     0.2       0.2  
Amortization related to derivatives securities, net of tax       0.6       0.6  
Dividends       (0.4)     (0.4)    
Net income       11.0     11.0   0.5
Ending balance (in shares) at Jun. 30, 2024         37,100,000        
Ending balance at Jun. 30, 2024     $ (5.4) (30.8) $ 0.0 $ 0.0 (25.4) $ (5.4)  
Beginning balance at Mar. 31, 2024                 11.5
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                  
Net income       $ 11.0     $ 11.0   0.5
Ending balance at Jun. 30, 2024                 $ 12.0
Beginning balance at Mar. 31, 2024 (10.2)                
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                  
Repurchases of common stock including excise taxes (20.7)                
Equity-based compensation 0.2                
Foreign currency translation adjustment, net of tax 0.2                
Amortization related to derivative securities, net of tax 0.6                
Dividends (0.4)                
Net income 11.5                
Ending balance at Jun. 30, 2024 $ (18.8)