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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Net income $ 23,145 $ 21,559
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization expense 2,021 1,786
Amortization of deferred financing costs 179 237
Share-based compensation 13,823 187
Deferred income taxes (390) (15)
(Increase) decrease in operating assets:    
Commissions and fees receivable 190 (592)
Income tax receivable 572 (705)
Prepaid expenses and other current assets 536 (152)
Deferred financing asset 0 (36)
Increase (decrease) in operating liabilities:    
Accounts payable 854 1,374
Commissions payable 2,329 2,338
Income tax payable 75 (4,781)
Accrued expenses 70 1,764
Net cash provided by operating activities 43,404 22,964
Cash flows from investing activities:    
Internally developed software (2,171) (1,884)
Net cash used in investing activities (2,171) (1,884)
Cash flows from financing activities:    
Change in fiduciary receivables (1,353) (831)
Change in fiduciary liabilities 28,334 26,615
Proceeds from 2025 Term Loan 0 301,000
Proceeds from revolving credit facility 24,000 0
Repayments of revolving credit facility (24,000) 0
Repurchase of common stock (31,869) 0
Payment of deferred financing fees and prepayment penalty 0 (477)
Proceeds from exercise of stock options 1,837 0
Taxes paid related to net share settlement of equity awards (1,684) 0
Cash dividend paid 0 (175,000)
Net cash provided by (used in) financing activities (4,735) 9,307
Net increase in cash and cash equivalents and fiduciary cash 36,498 30,387
Cash and cash equivalents and fiduciary cash:    
Beginning of period 40,548 28,065
End of period 77,046 58,452
Cash and cash equivalents 17,553 11,697
Fiduciary cash 59,493 46,755
Total cash and cash equivalents and fiduciary cash 77,046 58,452
2024 Credit Agreement    
Cash flows from financing activities:    
Repayments of Term Loan 0 (135,000)
2025 Credit Agreement    
Cash flows from financing activities:    
Repayments of Term Loan $ 0 $ (7,000)