XML 32 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Equity-settled PRSUs
RSUs
Class A Common Stock
Class B Common Stock
Class C Common Stock
Class D Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Common Stock
Class C Common Stock
Common Stock
Class D Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Equity-settled PRSUs
Additional Paid-In Capital
RSUs
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Non- Controlling Interests
Beginning balance ( in shares) at Dec. 31, 2019               66,408,328 96,933,192 8,328,983 50,853,172            
Beginning balance at Dec. 31, 2019 $ 4,592,745             $ 1 $ 1 $ 0 $ 1 $ 3,329,386     $ 1,366 $ 47,833 $ 1,214,157
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations (in shares)               25,170,953   (5,189,162) (19,981,791)            
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations (2,613)                   $ (1) (2,612)          
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 203,932                     203,932          
Issuance of common stock from equity incentive plans (in shares)               6,496,184                  
Issuance of common stock from equity incentive plans 100,830                     100,830          
Deferred taxes arising from issuance of common stock from equity incentive plans 14,402                     14,402          
Adjustments to non-controlling interests 0                     534,045     (145)   (533,900)
Distributions to non-controlling interests (16,752)                               (16,752)
Dividends (58,088)                             (58,088)  
Stock-based compensation expense under the plan   $ 27,809 $ 5,359                   $ 27,809 $ 5,359      
Stock-based compensation expense under the Option Plan 6,118                     6,118          
Payroll taxes paid for stock-based compensation (76,175)                     (76,175)          
Net income 218,390                             166,296 52,094
Foreign currency translation adjustments 3,206                           3,093   113
Ending balance (in shares) at Dec. 31, 2020               98,075,465 96,933,192 3,139,821 30,871,381            
Ending balance at Dec. 31, 2020 5,019,163             $ 1 $ 1 $ 0 $ 0 4,143,094     4,314 156,041 715,712
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations (in shares)               3,483,238   (1,484,996) (1,998,242)            
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations 0                                
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 95,670                     95,670          
Issuance of common stock from equity incentive plans (in shares)               5,630,086                  
Issuance of common stock from equity incentive plans 93,104                     93,104          
Share repurchases pursuant to the share repurchase programs (in shares)               (901,968)                  
Share repurchases pursuant to share repurchase programs (75,676)                             (75,676)  
Adjustments to non-controlling interests 0                     87,006     86   (87,092)
Distributions to non-controlling interests (11,129)                               (11,129)
Dividends (64,570)                             (64,570)  
Stock-based compensation expense under the plan   30,633 15,983                   30,633 15,983      
Stock-based compensation expense under the Option Plan 5,327                     5,327          
Payroll taxes paid for stock-based compensation (71,024)                     (71,024)          
Net income 273,108                             226,828 46,280
Foreign currency translation adjustments (3,219)                           (2,796)   (423)
Other - See Note 14 1,573                     1,573          
Ending balance (in shares) at Dec. 31, 2021       106,286,821 96,933,192 1,654,825 28,873,139 106,286,821 96,933,192 1,654,825 28,873,139            
Ending balance at Dec. 31, 2021 5,308,943             $ 1 $ 1 $ 0 $ 0 4,401,366     1,604 242,623 663,348
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations (in shares)               4,184,083   1,596,352 (5,780,435)            
Activities related to the follow-on offering and other exchanges of LLC Interests, net of offering costs and cancellations 0                                
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans 88,230                     88,230          
Issuance of common stock from equity incentive plans (in shares)               1,622,769                  
Issuance of common stock from equity incentive plans 10,190                     10,190          
Share repurchases pursuant to the share repurchase programs (in shares)               (1,347,067)                  
Share repurchases pursuant to share repurchase programs (99,323)                             (99,323)  
Adjustments to non-controlling interests 0                     108,679     (308)   (108,371)
Distributions to non-controlling interests (10,894)                               (10,894)
Dividends (66,006)                             (66,006)  
Stock-based compensation expense under the plan   $ 30,952 $ 34,329                   $ 30,952 $ 34,329      
Stock-based compensation expense under the Option Plan 2,099                     2,099          
Payroll taxes paid for stock-based compensation (101,675)                     (101,675)          
Net income 359,613                             309,338 50,275
Foreign currency translation adjustments (13,242)                           (11,409)   (1,833)
Other - See Note 14 (3,100)                     3,100          
Ending balance (in shares) at Dec. 31, 2022       110,746,606 96,933,192 3,251,177 23,092,704 110,746,606 96,933,192 3,251,177 23,092,704            
Ending balance at Dec. 31, 2022 $ 5,546,316             $ 1 $ 1 $ 0 $ 0 $ 4,577,270     $ (10,113) $ 386,632 $ 592,525