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Condensed Consolidated Statements of Changes in Permanent Equity (Deficit) - USD ($)
shares in Thousands, $ in Thousands
Total
Class A Common Stock
Class A Common Stock
IPO
Redeemable Class B Common Units
Members' equity (deficit)
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
IPO
Common Stock
Class B Common Stock
Common Stock
Class B Common Stock
IPO
Additional paid-in capital
Additional paid-in capital
Class A Common Stock
Additional paid-in capital
Class A Common Stock
IPO
Additional paid-in capital
Class B Common Stock
IPO
Accumulated Deficit Retained Earnings
Non-Controlling Interest
Beginning Balance at Dec. 31, 2022 $ (6,761)       $ (10,011)                   $ 3,250
Net income 4,531       4,134                   397
Distributions (3,059)       (3,059)                    
Ending Balance at Mar. 31, 2023 (5,289)       (8,936)                   3,647
Beginning Balance at Dec. 31, 2022 (6,761)       (10,011)                   3,250
Net income 8,996 $ 85                          
Ending Balance at Jun. 30, 2023 30,070         $ 4   $ 28   $ 3,602       $ 11 26,425
Ending Balance, Shares at Jun. 30, 2023           4,140,000   28,141,566              
Beginning Balance at Mar. 31, 2023 (5,289)       (8,936)                   3,647
Net income 4,464 85                          
Net income prior to the organizational transactions 4,380       3,950                   430
Conversion of related party loans to equity 871       871                    
Distributions (23,410)       (23,410)                    
Effects of the organizational transactions 23,448     $ (23,447) $ 27,525                   (4,077)
Issuance of common stock     $ 40,141       $ 3   $ 28     $ 40,138 $ (28)    
Issuance of common stock (in shares)             3,600,000   28,141,566            
Issuance of Class A common stock to underwriters upon exercise of overallotment option   6,026       $ 1         $ 6,025        
Issuance of Class A common stock to underwriters upon exercise of overallotment option, Shares           540,000                  
Conversion of Class B common units into Class B Shares (23,447)     $ 23,447           (23,447)          
Capitalization of initial public offering costs (3,265)                 (3,265)          
Adjustment to tax liabilities and assets under TRA 10,530                 10,530          
Net income 85                         11 74
NCI Adjustment                   (26,351)         26,351
Ending Balance at Jun. 30, 2023 30,070         $ 4   $ 28   3,602       11 26,425
Ending Balance, Shares at Jun. 30, 2023           4,140,000   28,141,566              
Beginning Balance at Dec. 31, 2023 36,018         $ 4   $ 28   7,112       322 28,552
Beginning Balance, Shares at Dec. 31, 2023           4,140,000   28,141,566              
Net income 3,698                         496 3,202
Stock-based compensation 759                 759          
Adjustment to tax liabilities and assets under TRA (113)                 (113)          
Shares issued upon RSU vesting           117,304                  
Exchange of noncontrolling interest for Class A common stock                   258         (258)
Exchange of noncontrolling interest for Class A common stock, Shares           254,654   (254,654)              
Ending Balance at Mar. 31, 2024 40,362         $ 4   $ 28   8,016       818 31,496
Ending Balance, Shares at Mar. 31, 2024           4,511,958   27,886,912              
Beginning Balance at Dec. 31, 2023 36,018         $ 4   $ 28   7,112       322 28,552
Beginning Balance, Shares at Dec. 31, 2023           4,140,000   28,141,566              
Net income 5,761 5,761                          
Ending Balance at Jun. 30, 2024 45,896         $ 4   $ 28   11,486       1,095 33,283
Ending Balance, Shares at Jun. 30, 2024           4,749,551   27,886,912              
Beginning Balance at Mar. 31, 2024 40,362         $ 4   $ 28   8,016       818 31,496
Beginning Balance, Shares at Mar. 31, 2024           4,511,958   27,886,912              
Net income 2,064 2,064                       277 1,787
Issuance of common stock   $ 1,436                 $ 1,436        
Issuance of common stock (in shares)           237,593                  
Stock-based compensation 759                 759          
Contribution by shareholder in final IPO settlement 1,275                 1,275          
Ending Balance at Jun. 30, 2024 $ 45,896         $ 4   $ 28   $ 11,486       $ 1,095 $ 33,283
Ending Balance, Shares at Jun. 30, 2024           4,749,551   27,886,912