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Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid In Capital
Retained Earnings
Pre-Spin Predecessors Equity
Beginning balance at Dec. 31, 2023 $ 4,458,961         $ 4,458,961
Net Income (Loss) (56,987)         (56,987)
Stock based compensation 7,158         7,158
Contributions to Predecessor $ (166,279)         (166,279)
Ending balance, Shares at Mar. 31, 2024 0          
Ending balance at Mar. 31, 2024 $ 4,242,853         4,242,853
Beginning balance at Dec. 31, 2024 5,158,372         5,158,372
Net Income (Loss) 39,806       $ 64,766 (24,960)
Adjustment for expenses from pre-spin periods 24,960         24,960
Common stock issued, Spin-Off, Shares   120,983,633 11,819,811      
Common stock issued, Spin-Off   $ 1,210 $ 118 $ (1,328)    
Common stock retained by Lennar at Spin-Off, Shares   33,200,053        
Common stock retained by Lennar at Spin-Off   $ 332   (332)    
Contributions from Lennar, Spin-Off 5,874,166     5,874,166    
Reversal of predecessor equity (5,158,372)         $ (5,158,372)
Dividends declared ($0.38 per share on the Company's Class A common stock and Class B common stock, payable on April 15, 2025) (63,081)       (63,081)  
Ending balance, Shares at Mar. 31, 2025   154,183,686 11,819,811      
Ending balance at Mar. 31, 2025 $ 5,875,851 $ 1,542 $ 118 $ 5,872,506 $ 1,685