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Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ 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, 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        
Equity-based compensation     1.0   1.0      
Foreign currency translation adjustment, net of tax $ 0.6   0.6       0.6  
Amortization related to derivatives securities, net of tax     1.9       1.9  
Withholding tax related to stock option exercise and restricted stock vesting (0.7)   (0.7)   (0.7)      
Dividends     (1.3)     (1.3)    
Net income     43.0     43.0   $ 0.3
Ending balance (in shares) at Sep. 30, 2023       41,500,000        
Ending balance at Sep. 30, 2023   (8.1) 22.9 $ 0.0 1.8 29.2 (8.1)  
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     43.0     43.0   0.3
Ending balance at Sep. 30, 2023               8.3
Beginning balance at Dec. 31, 2022 (21.6)              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Capital contributions 9.9             9.9
Equity-based compensation 1.0              
Foreign currency translation adjustment, net of tax 0.6              
Amortization related to derivative securities, net of tax 1.9              
Net de-consolidation of Funds (1.9)              
Withholding tax related to stock option exercise and restricted stock vesting (0.7)   (0.7)   (0.7)      
Dividends (1.3)              
Net income 43.3              
Ending balance at Sep. 30, 2023 31.2              
Beginning balance (in shares) at Jun. 30, 2023       41,500,000        
Beginning balance at Jun. 30, 2023   (7.9) 3.7 $ 0.0 1.5 10.1 (7.9)  
Increase (Decrease) in Stockholders' Equity                
Equity-based compensation     0.3   0.3      
Foreign currency translation adjustment, net of tax (0.9)   (0.9)       (0.9)  
Amortization related to derivatives securities, net of tax     0.7       0.7  
Dividends     (0.5)     (0.5)    
Net income     19.6     19.6   0.2
Ending balance (in shares) at Sep. 30, 2023       41,500,000        
Ending balance at Sep. 30, 2023   (8.1) 22.9 $ 0.0 1.8 29.2 (8.1)  
Beginning balance at Jun. 30, 2023               2.3
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Capital contributions 7.7             7.7
Net de-consolidation of Funds               (1.9)
Net income     19.6     19.6   0.2
Ending balance at Sep. 30, 2023               8.3
Beginning balance at Jun. 30, 2023 6.0              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Capital contributions 7.7             7.7
Equity-based compensation 0.3              
Foreign currency translation adjustment, net of tax (0.9)              
Amortization related to derivative securities, net of tax 0.7              
Net de-consolidation of Funds (1.9)              
Dividends (0.5)              
Net income 19.8              
Ending balance at Sep. 30, 2023 31.2              
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)       300,000        
Issuance of common stock $ 0.1   0.1   0.1      
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     0.6   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   3.7
Ending balance (in shares) at Sep. 30, 2024       37,300,000        
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                
Capital contributions 1.1             1.1
Net income     42.5     42.5   3.7
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                
Repurchases of common stock including excise taxes (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       37,100,000        
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)       200,000        
Issuance of common stock 0.1   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   2.1
Ending balance (in shares) at Sep. 30, 2024       37,300,000        
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     16.9     16.9   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                
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)