XML 25 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED AND COMBINED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Former Parent’s Investment
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2021   0          
Beginning balance at Dec. 31, 2021 $ 2,501,728 $ 0 $ 0 $ 0 $ 2,921,623 $ (460,888) $ 40,993
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 228,013     168,310 55,437   4,266
Distributions and purchases relating to noncontrolling interest (3,420)           (3,420)
Other comprehensive income (loss), net of tax (158,425)         (154,837) (3,588)
Dividends declared (9,079)     (9,079)      
Former Parent Common stock-based award activity 1,728       1,728    
Net consideration paid to Former Parent, in connection with the Separation (1,200,000)       (1,200,000)    
Net Transfers from Former Parent, including Separation Adjustments 15,726   4,346   70,643 (59,263)  
Issuance of common stock in connection with the Separation and reclassification of Net Investment from Former Parent (in shares)   60,034,311,000          
Issuance of common stock in connection with the Separation and reclassification of Net Investment from Former Parent 0 $ 60 1,849,371   (1,849,431)    
Common stock-based award activity (in shares)   60,414,000          
Common stock-based award activity 12,187   12,187        
Ending balance (in shares) at Dec. 31, 2022   60,094,725,000          
Ending balance at Dec. 31, 2022 $ 1,388,458 $ 60 1,865,904 159,231 0 (674,988) 38,251
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends on common stock (in dollars per share) $ 0.15            
Net income $ 211,024     205,285     5,739
Distributions and purchases relating to noncontrolling interest (3,880)           (3,880)
Other comprehensive income (loss), net of tax 50,864         50,716 148
Dividends declared (13,959)     (13,959)      
Common stock-based award activity (in shares)   200,909,000          
Common stock-based award activity $ 15,150   15,150        
Ending balance (in shares) at Dec. 31, 2023 60,295,634 60,295,634,000          
Ending balance at Dec. 31, 2023 $ 1,647,657 $ 60 1,881,054 350,557 0 (624,272) 40,258
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends on common stock (in dollars per share) $ 0.23            
Net income $ 270,748     264,842     5,906
Distributions and purchases relating to noncontrolling interest (4,253)   2,860     (1,706) (5,407)
Other comprehensive income (loss), net of tax (105,108)         (103,596) (1,512)
Dividends declared (18,219)     (18,219)      
Common stock-based award activity (in shares)   221,940,000          
Common stock-based award activity $ 17,424 $ 1 17,423        
Ending balance (in shares) at Dec. 31, 2024 60,517,574 60,517,574,000          
Ending balance at Dec. 31, 2024 $ 1,808,249 $ 61 $ 1,901,337 $ 597,180 $ 0 $ (729,574) $ 39,245
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends on common stock (in dollars per share) $ 0.30