XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Member Units
Total Stockholders’ Equity
Common Stock
Capital in excess of par
Retained Earnings
Accumulated Other Comprehensive Loss
Non-controlling Interests
Members' unit, beginning balance (in shares) at Dec. 31, 2023   447,081,000            
Members' unit, beginning balance at Dec. 31, 2023   $ 470,303            
Increase (Decrease) in Partners' Capital [Roll Forward]                
Distribution to Parent $ (6,891) $ (6,891) $ (6,891)          
Conversion of LLC to Corporation and Impact of reverse stock split (in shares)   (447,081,000)   104,094,000        
Conversion of LLC to Corporation and impact of reverse stock split 0 $ (463,412) 0 $ 1,041 $ 462,371      
Beginning balance at Dec. 31, 2023 1,160,962   1,155,596     $ 685,293   $ 5,366
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income attributable to the Company 48,956   48,956     48,956    
Net income attributable to non-controlling interests 270   0         270
Distribution to Parent (6,891) $ (6,891) (6,891)          
Distributions to and purchases of non-controlling interests (369)   0         (369)
Redemption value adjustment on non-controlling interests (1,901)   (1,901)     (1,901)    
Select special stock distribution (in shares)   (447,081,000)   104,094,000        
Conversion of LLC to Corporation and impact of reverse stock split 0 $ (463,412) 0 $ 1,041 462,371      
Ending balance (in shares) at Mar. 31, 2024       104,094,000        
Ending balance at Mar. 31, 2024 1,201,027   1,195,760 $ 1,041 462,371 732,348   5,267
Members' unit, beginning balance (in shares) at Dec. 31, 2023   447,081,000            
Members' unit, beginning balance at Dec. 31, 2023   $ 470,303            
Beginning balance at Dec. 31, 2023 1,160,962   1,155,596     685,293   5,366
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income attributable to the Company 100,693              
Ending balance (in shares) at Jun. 30, 2024       104,094,000        
Ending balance at Jun. 30, 2024 1,251,982   1,246,778 $ 1,041 461,520 784,217   5,204
Increase (Decrease) in Partners' Capital [Roll Forward]                
Distribution to Parent (851)   (851)   (851)      
Beginning balance (in shares) at Mar. 31, 2024       104,094,000        
Beginning balance at Mar. 31, 2024 1,201,027   1,195,760 $ 1,041 462,371 732,348   5,267
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income attributable to the Company 51,737   51,737     51,737    
Net income attributable to non-controlling interests 244   0         244
Distribution to Parent (851)   (851)   (851)      
Distributions to and purchases of non-controlling interests (307)   0         (307)
Redemption value adjustment on non-controlling interests 132   132     132    
Ending balance (in shares) at Jun. 30, 2024       104,094,000        
Ending balance at Jun. 30, 2024 $ 1,251,982   1,246,778 $ 1,041 461,520 784,217   5,204
Beginning balance (in shares) at Dec. 31, 2024 128,125,952     128,126,000        
Beginning balance at Dec. 31, 2024 $ 280,711   275,671 $ 1,281 260,837 13,553 $ 0 5,040
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income attributable to the Company 38,911   38,911     38,911    
Net income attributable to non-controlling interests 293   0         293
Cash dividends declared for common shareholders ($0.0625 per share) (8,010)   (8,010)     (8,010)    
Issuance of restricted stock (in shares)       46,000        
Issuance of restricted stock 0   0 $ 1 (1)      
Stock compensation expense 2,269   2,269   2,269      
Redemption value adjustment on non-controlling interests 0              
Other comprehensive loss (1,722)   (1,722)       (1,722)  
Ending balance (in shares) at Mar. 31, 2025       128,172,000        
Ending balance at Mar. 31, 2025 $ 312,452   307,119 $ 1,282 263,105 44,454 (1,722) 5,333
Beginning balance (in shares) at Dec. 31, 2024 128,125,952     128,126,000        
Beginning balance at Dec. 31, 2024 $ 280,711   275,671 $ 1,281 260,837 13,553 0 5,040
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income attributable to the Company $ 83,471              
Ending balance (in shares) at Jun. 30, 2025 128,170,952     128,171,000        
Ending balance at Jun. 30, 2025 $ 347,820   342,636 $ 1,282 265,390 79,827 (3,863) 5,184
Beginning balance (in shares) at Mar. 31, 2025       128,172,000        
Beginning balance at Mar. 31, 2025 312,452   307,119 $ 1,282 263,105 44,454 (1,722) 5,333
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income attributable to the Company 44,560   44,560     44,560    
Net income attributable to non-controlling interests 219   0         219
Cash dividends declared for common shareholders ($0.0625 per share) (8,011)   (8,011)     (8,011)    
Forfeitures of unvested restricted stock       $ (1)        
Stock compensation expense 2,285   2,285   2,285      
Distributions to and purchases of non-controlling interests (368)   0         (368)
Redemption value adjustment on non-controlling interests (1,176)   (1,176)     (1,176)    
Other comprehensive loss $ (2,141)   (2,141)       (2,141)  
Ending balance (in shares) at Jun. 30, 2025 128,170,952     128,171,000        
Ending balance at Jun. 30, 2025 $ 347,820   $ 342,636 $ 1,282 $ 265,390 $ 79,827 $ (3,863) $ 5,184