Share-Based and Unit-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of RSU Activity

The following tables summarize RSU and PSU activity under the 2021 Incentive Plan for the six months ended June 30, 2024 and June 30, 2023 (in thousands, except per unit data):

RSUs and PSUs	Number of RSUs and PSUs	Weighted Average Remaining Contractual Term (years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding as of December 31, 2022	551	2.05	$	101.25
Granted	334		$	37.25	$	12,468
Forfeited	(75)
Vested	(205)
Outstanding as of June 30, 2023	605	1.79	$	73.25
Outstanding as of December 31, 2023	521	1.38	$	69.75
Granted	1,028		$	12.05	12,393
Forfeited	(115)
Vested	(325)
Outstanding as of June 30, 2024	1,109	1.71	$	19.46

Schedule of PSU Activity

The following tables summarize RSU and PSU activity under the 2021 Incentive Plan for the six months ended June 30, 2024 and June 30, 2023 (in thousands, except per unit data):

RSUs and PSUs	Number of RSUs and PSUs	Weighted Average Remaining Contractual Term (years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding as of December 31, 2022	551	2.05	$	101.25
Granted	334		$	37.25	$	12,468
Forfeited	(75)
Vested	(205)
Outstanding as of June 30, 2023	605	1.79	$	73.25
Outstanding as of December 31, 2023	521	1.38	$	69.75
Granted	1,028		$	12.05	12,393
Forfeited	(115)
Vested	(325)
Outstanding as of June 30, 2024	1,109	1.71	$	19.46

Summary of Unit-Based Compensation Expense

Unit-based compensation expense for the three and six months ended June 30, 2023 was as follows (in thousands):

Type of unit	Three Months Ended June 30, 2023		Six Months Ended June 30, 2023
Common incentive unit	$	377	$	919
Participation unit	(111)		27
Total	$	266	$	946

Summary of Incentive Unit Activity

The following table summarizes common incentive unit activity under the Opco Plan for the six months ended June 30, 2024 (in thousands, except per unit data):

Common Incentive Units	Number of Common Incentive Units	Weighted Average Remaining Contractual Term (years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding as of December 31, 2023	309	0.00	$	166.75	$	51,467
Granted	—
Forfeited	—
Exchanged	(5)
Outstanding as of June 30, 2024	304	0.00	$	166.75	$	50,677

Common Incentive Units	Number of Common Incentive Units	Weighted Average Remaining Contractual Term (years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding as of December 31, 2022	332	0.79	$	157.50	$	67,635
Granted	—
Forfeited	—
Exchanged	(8)
Outstanding as of June 30, 2023	324	0.54	$	157.50	$	65,980