Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity (Unaudited)

v3.24.2.u1
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2022   6,342,335 14       12,445,330
Beginning balance at Dec. 31, 2022 $ 404,841 $ 1 $ 0 $ 888,493 $ (634,295) $ (273) $ 150,915
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (207,889) [1]       (76,086)   $ (131,803)
Equity-based compensation, net 15,361     15,361      
Conversion of LLC Units for Class A Common Stock (in shares)   408         (408)
Conversion of LLC Units for Class A Common Stock 0     4     $ (4)
Settlement of long-term incentive plan (“LTIP”) restricted stock units (“RSUs”), net (in shares)   259,859         (259,859)
Settlement of long-term incentive plan (“LTIP”) restricted stock units (“RSUs”), net 90 $ 0   3,920     $ (3,830)
Settlement of other RSUs (in shares)   130,281          
Cancellation of shares to fund employee tax withholdings   (144,004)          
Cancellation of shares to fund employee tax withholdings (1,859)     (1,859)      
Issuance of shares (Note 17 - Related-Party Transactions) (in shares)   2,173,912          
Issuance of shares (Note 19 - Related-Party Transactions) 30,000 $ 0   30,000      
Issuance of units (Note 3 - Acquisitions) (in shares)     1       1,969,299
Issuance of units (Note 3 - Acquisitions) 33,172           $ 33,172
Foreign currency translation adjustment 19         19  
Ending balance (in shares) at Jun. 30, 2023   8,762,791 15       14,154,362
Ending balance at Jun. 30, 2023 273,735 $ 1 $ 0 935,919 (710,381) (254) $ 48,450
Beginning balance (in shares) at Mar. 31, 2023   8,558,003 15       14,355,998
Beginning balance at Mar. 31, 2023 490,432 $ 1 $ 0 926,918 (631,241) (209) $ 194,963
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (222,481)       (79,140)   $ (143,341)
Equity-based compensation, net 7,252     7,252      
Conversion of LLC Units for Class A Common Stock (in shares)   48         (48)
Settlement of long-term incentive plan (“LTIP”) restricted stock units (“RSUs”), net (in shares)   201,588         (201,588)
Settlement of long-term incentive plan (“LTIP”) restricted stock units (“RSUs”), net (1)     3,171     $ (3,172)
Settlement of other RSUs (in shares)   117,920          
Cancellation of shares to fund employee tax withholdings   (114,768)          
Cancellation of shares to fund employee tax withholdings (1,422)     (1,422)      
Foreign currency translation adjustment (45)         (45)  
Ending balance (in shares) at Jun. 30, 2023   8,762,791 15       14,154,362
Ending balance at Jun. 30, 2023 273,735 $ 1 $ 0 935,919 (710,381) (254) $ 48,450
Beginning balance (in shares) at Dec. 31, 2023   9,634,074 15       13,297,081
Beginning balance at Dec. 31, 2023 272,407 $ 1 $ 0 946,938 (714,383) (249) $ 40,100
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (25,428) [1]       (9,627)   $ (15,801)
Equity-based compensation, net 5,364     5,364      
Conversion of LLC Units for Class A Common Stock (in shares)   171         (171)
Settlement of long-term incentive plan (“LTIP”) restricted stock units (“RSUs”), net (in shares)   110,949         (110,949)
Settlement of long-term incentive plan (“LTIP”) restricted stock units (“RSUs”), net 0 $ 0   232     $ (232)
Settlement of other RSUs (in shares)   305,625          
Cancellation of shares to fund employee tax withholdings   (132,626)          
Cancellation of shares to fund employee tax withholdings (999)     (999)      
Foreign currency translation adjustment (47)         (47)  
Ending balance (in shares) at Jun. 30, 2024   9,918,193 15       13,185,961
Ending balance at Jun. 30, 2024 251,297 $ 1 $ 0 951,535 (724,010) (296) $ 24,067
Beginning balance (in shares) at Mar. 31, 2024   9,656,175 15       13,288,191
Beginning balance at Mar. 31, 2024 255,723 $ 1 $ 0 950,597 (721,921) (266) $ 27,312
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (5,124)       (2,089)   $ (3,035)
Equity-based compensation, net 1,595     1,595      
Conversion of LLC Units for Class A Common Stock (in shares)   110         (110)
Settlement of long-term incentive plan (“LTIP”) restricted stock units (“RSUs”), net (in shares)   102,120         (102,120)
Settlement of long-term incentive plan (“LTIP”) restricted stock units (“RSUs”), net 0     210     $ (210)
Settlement of other RSUs (in shares)   278,441          
Cancellation of shares to fund employee tax withholdings   (118,653)          
Cancellation of shares to fund employee tax withholdings (867)     (867)      
Foreign currency translation adjustment (30)         (30)  
Ending balance (in shares) at Jun. 30, 2024   9,918,193 15       13,185,961
Ending balance at Jun. 30, 2024 $ 251,297 $ 1 $ 0 $ 951,535 $ (724,010) $ (296) $ 24,067
[1] Amounts presented contain results from both continuing and discontinued operations. Refer to Note 4 - Discontinued Operations for additional information regarding cash flow associated with the results of discontinued operations.