Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity (Unaudited)

v3.24.3
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
Retained Earnings (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 income (loss) (382,821) [1]       (141,449)   $ (241,372)
Equity-based compensation, net 20,337     20,337      
Conversion of LLC Units for Class A Common Stock (in shares)   485         (485)
Conversion of LLC Units for Class A Common Stock 0     4     $ (4)
Settlement of long-term incentive plan (“LTIP”) RSUs, net (in shares)   278,105         (278,105)
Settlement of long-term incentive plan (“LTIP”) RSUs, net 89     3,952     $ (3,863)
Settlement of other RSUs (in shares)   138,527          
Cancellation of shares to fund employee tax withholdings   (155,377)          
Cancellation of shares to fund employee tax withholdings (2,061)     (2,061)      
Issuance of shares (Note 19 - Related-Party Transactions) (in shares)   2,173,912          
Issuance of shares (Note 19 - Related-Party Transactions) 30,000     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 52         52  
Ending balance (in shares) at Sep. 30, 2023   8,777,987 15       14,136,039
Ending balance at Sep. 30, 2023 103,609 $ 1 $ 0 940,725 (775,744) (221) $ (61,152)
Beginning balance (in shares) at Jun. 30, 2023   8,762,791 15       14,154,362
Beginning balance at Jun. 30, 2023 273,735 $ 1 $ 0 935,919 (710,381) (254) $ 48,450
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (174,932)       (65,363)   $ (109,569)
Equity-based compensation, net 4,976     4,976      
Conversion of LLC Units for Class A Common Stock (in shares)   77         (77)
Settlement of long-term incentive plan (“LTIP”) RSUs, net (in shares)   18,246         (18,246)
Settlement of long-term incentive plan (“LTIP”) RSUs, net (1)     32     $ (33)
Settlement of other RSUs (in shares)   8,246          
Cancellation of shares to fund employee tax withholdings   (11,373)          
Cancellation of shares to fund employee tax withholdings (202)     (202)      
Foreign currency translation adjustment 33         33  
Ending balance (in shares) at Sep. 30, 2023   8,777,987 15       14,136,039
Ending balance at Sep. 30, 2023 103,609 $ 1 $ 0 940,725 (775,744) (221) $ (61,152)
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 income (loss) 178,320 [1]       74,576   103,744
Noncontrolling interest distributions (100)           $ (100)
Equity-based compensation, net 6,880     6,880      
Conversion of LLC Units for Class A Common Stock (in shares)   177         (177)
Settlement of long-term incentive plan (“LTIP”) RSUs, net (in shares)   110,949         (110,949)
Settlement of long-term incentive plan (“LTIP”) RSUs, net 0     232     $ (232)
Settlement of other RSUs (in shares)   317,194          
Cancellation of shares to fund employee tax withholdings   (136,592)          
Cancellation of shares to fund employee tax withholdings (1,027)     (1,027)      
Foreign currency translation adjustment (24)         (24)  
Ending balance (in shares) at Sep. 30, 2024   9,925,802 15       13,185,955
Ending balance at Sep. 30, 2024 456,456 $ 1 $ 0 953,023 (639,807) (273) $ 143,512
Beginning balance (in shares) at Jun. 30, 2024   9,918,193 15       13,185,961
Beginning balance at Jun. 30, 2024 251,297 $ 1 $ 0 951,535 (724,010) (296) $ 24,067
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 203,748       84,203   119,545
Noncontrolling interest distributions (100)           $ (100)
Equity-based compensation, net 1,516     1,516      
Conversion of LLC Units for Class A Common Stock (in shares)   6         (6)
Settlement of other RSUs (in shares)   11,569          
Cancellation of shares to fund employee tax withholdings   (3,966)          
Cancellation of shares to fund employee tax withholdings (28)     (28)      
Foreign currency translation adjustment 23         23  
Ending balance (in shares) at Sep. 30, 2024   9,925,802 15       13,185,955
Ending balance at Sep. 30, 2024 $ 456,456 $ 1 $ 0 $ 953,023 $ (639,807) $ (273) $ 143,512
[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.