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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ 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, 2021       45,400,000        
Beginning balance at Dec. 31, 2021   $ (10.8) $ (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 including excise taxes $ (100.0)   (103.2)     (103.2)    
Equity-based compensation     2.4   2.4      
Foreign currency translation adjustment, net of tax (3.1)   (3.1)       (3.1)  
Amortization related to derivative securities, net of tax     3.3       3.3  
Withholding tax related to stock option exercise and restricted stock vesting (2.3)   (2.3)   (0.9) (1.4)    
Dividends     (1.7)     (1.7)    
Net income     100.6     100.6    
Ending balance (in shares) at Dec. 31, 2022       41,400,000        
Ending balance at Dec. 31, 2022   (10.6) (21.6) $ 0.0 1.5 (12.5) (10.6)  
Beginning balance at Dec. 31, 2021               $ 0.0
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Net income 100.6              
Ending balance at Dec. 31, 2022               0.0
Beginning balance at Dec. 31, 2021 (17.6)              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Repurchase of common stock (103.2)              
Equity-based compensation 2.4              
Foreign currency translation adjustment, net of tax (3.1)              
Amortization related to derivative securities, net of tax 3.3              
Withholding tax related to stock option exercise and restricted stock vesting (2.3)   (2.3)   (0.9) (1.4)    
Dividends (1.7)              
Net income 100.6              
Ending balance at Dec. 31, 2022 $ (21.6)              
Increase (Decrease) in Stockholders' Equity                
Issuance of common stock (in shares)       300,000        
Repurchase of common stock (in shares) (268,800)     (300,000)        
Repurchase of common stock including excise taxes $ (5.1)   (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 stock option exercise and restricted stock vesting (2.4)   (2.4)   (2.4)      
De-consolidation of Funds (1.9)              
Dividends     (1.6)     (1.6)    
Net income     65.8     65.8    
Ending balance (in shares) at Dec. 31, 2023       41,400,000        
Ending balance at Dec. 31, 2023   (6.7) 40.2 $ 0.0 0.0 46.9 (6.7)  
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Capital contributions 9.9             9.9
De-consolidation of Funds               (1.9)
Net income 67.1             1.3
Ending balance at Dec. 31, 2023               9.3
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 stock option exercise and restricted stock vesting (2.4)   (2.4)   (2.4)      
Dividends (1.6)              
Net income 67.1             1.3
Ending balance at Dec. 31, 2023 $ 49.5              
Increase (Decrease) in Stockholders' Equity                
Issuance of common stock (in shares)       500,000        
Issuance of common stock     0.1   0.1      
Repurchase of common stock (in shares) (4,445,534)     (4,400,000)        
Repurchase of common stock including excise taxes $ (94.9)   (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 stock option exercise and restricted stock vesting (11.4)   (11.4)   (0.6) (10.8)    
Dividends     (1.5)     (1.5)    
Net income     85.0     85.0    
Ending balance (in shares) at Dec. 31, 2024       37,500,000        
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 86.8             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 stock option exercise and restricted stock vesting (11.4)   $ (11.4)   $ (0.6) $ (10.8)    
Dividends (1.5)              
Net income 86.8             $ 1.8
Ending balance at Dec. 31, 2024 $ 87.1