Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Before Income Taxes

The components of income before income taxes are as follows (in thousands):

	Year Ended December 31,
	2025		2024		2023
Domestic	$	48,518	$	37,863	$	54,935
Foreign	—		—		—
Income before income taxes	$	48,518	$	37,863	$	54,935

Schedule of Components of Income Tax Expense

The components of income tax expense are as follows (in thousands):

	Year Ended December 31,
	2025		2024		2023
Current income taxes:
Federal	$	—	$	11	$	—
State	(1,188)		(310)		915
Foreign	—		—		—
Total current income taxes	(1,188)		(299)		915
Deferred income taxes:
Federal	13,338		10,890		10,146
State	2,794		3,145		1,188
Foreign	—		—		—
Total deferred income taxes	16,132		14,035		11,334
Other tax expense	—		—		25
Income tax expense	$	14,944	$	13,736	$	12,274

Schedule of U.S Federal Statutory Income Tax Rate and the Reported Income Tax (Benefit) Expense

A reconciliation of the provision for income taxes to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes after the prospective adoption of ASU 2023-09 is as follows:

	Year Ended December 31,
	2025
U.S. Federal Statutory Tax Rate	$	10,189	21.0	%
State and Local Income Taxes, Net of Federal Income Tax Effect (a)	1,855		3.8	%
Changes in Valuation Allowances	(48)		(0.1)	%
Nontaxable or Nondeductible Items
Equity Compensation	2,051		4.2	%
Other	529		1.1	%
Other Adjustments	368		0.8	%
Effective Tax Rate	$	14,944	30.8	%

(a) The state taxes in Texas made up the majority (greater than 50 percent) of the tax effect in this category.

A reconciliation of the provision for income taxes to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes prior to the adoption of ASU 2023-09 is as follows:

	Year Ended December 31,
	2024		2023
U.S. federal income taxes at statutory rate	$	7,951	$	11,537
State and local income tax, net of federal benefit	787		1,811
Permanent tax adjustments	146		101
Equity-based compensation	1,764		447
Non-deductible officers' compensation	343		968
Non-controlling interests	—		(564)
Termination of Up-C structure	—		(2,347)
Change in valuation allowance	2,112		988
Other	633		(667)
Income tax expense	$	13,736	$	12,274

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities are as follows (in thousands):

	Year Ended December 31,
	2025		2024
Deferred tax assets:
Inventory, net	1,157		1,203
Property, plant & equipment, net	170		728
Goodwill (1)	385,586		419,088
Accrued expenses and other	943		793
Warranty liability	128		9,573
Net operating loss	55,562		27,269
Equity-based compensation	1,434		2,559
163(j) business interest expense	2,648		3,039
Other	11,229		2,510
Total deferred tax assets	458,857		466,762
Less valuation allowance	(3,043)		(3,100)
Total deferred tax assets, net	455,814		463,662
Deferred tax liabilities:
Other intangible assets, net	(7,078)		(8,872)
Other	(10,709)		(630)
Total deferred tax liabilities	(17,787)		(9,502)
Net deferred tax asset	$	438,027	$	454,160

(1) Goodwill represents the excess of tax-deductible goodwill over book goodwill of $1,658 million as of December 31, 2025, and $1,795 million as of December 31, 2024, which is mainly related to the step-up in tax basis resulting from exchanges of LLC Interests for shares of Class A common stock.

Schedule of Cash Paid for Income Taxes, Net of Refunds

The table below provides the updated requirements of ASU 2023-09 for cash paid for income taxes, net of refunds.

	Year Ended December 31,
	2025
Cash paid for income taxes, net of refunds
U.S. Federal	$	—
U.S. State and Local
Minnesota	(10)
Tennessee	(173)
Other	—
Foreign	—
Total cash paid during the period for income taxes	$	(183)