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Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
shares in Millions, $ 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, 2023       41.4        
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)       0.1        
Repurchases of common stock including excise taxes (in shares)       (3.5)        
Repurchase of common stock including excise taxes     (75.0)   (0.2) (74.8)    
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     0.7       0.7  
Withholding tax related to restricted stock vesting (1.8)   (1.8)     (1.8)    
Dividends     (0.4)     (0.4)    
Net income     14.6     14.6   $ 1.1
Ending balance (in shares) at Mar. 31, 2024       38.0        
Ending balance at Mar. 31, 2024   (6.2) (21.7) $ 0.0 0.0 (15.5) (6.2)  
Beginning balance at Dec. 31, 2023               9.3
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                
Capital contributions 1.1             1.1
Ending balance at Mar. 31, 2024               11.5
Beginning balance at Dec. 31, 2023 49.5              
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                
Repurchase of common stock including excise taxes (75.0)              
Capital contributions 1.1             1.1
Equity-based compensation 0.2              
Foreign currency translation adjustment, net of tax (0.2)              
Amortization related to derivative securities, net of tax 0.7              
Withholding tax related to restricted stock vesting (1.8)   (1.8)     (1.8)    
Dividends (0.4)              
Net income 15.7              
Ending balance at Mar. 31, 2024 (10.2)              
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                
Repurchases 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 derivatives 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     20.1     20.1   3.7
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
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 23.8              
Ending balance at Mar. 31, 2025 $ 92.5