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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following table presents the U.S. and non-U.S. components of Income before income tax expense:

			For the Years Ended December 31,
			2024						2023						2022
U.S.			$	431,248					$	288,414					$	455,584
Non-U.S.			62,439						47,632						193,562
Income before Income Tax Expense(1)			$	493,687					$	336,046					$	649,146

(1)Net of Noncontrolling Interest.

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes reflected on the Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 consist of:

			For the Years Ended December 31,
			2024						2023						2022
Current:
Federal			$	58,118					$	48,940					$	85,699
Foreign			25,577						20,426						40,680
State and Local			23,639						14,095						47,102
Total Current			107,334						83,461						173,481
Deferred:
Federal			18,212						4,400						3,020
Foreign			(14,498)						(6,580)						(5,893)
State and Local			4,360						(714)						2,018
Total Deferred			8,074						(2,894)						(855)
Total			$	115,408					$	80,567					$	172,626

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between the federal statutory income tax rate and the Company's effective income tax rate for the years ended December 31, 2024, 2023 and 2022 is as follows:

			For the Years Ended December 31,
			2024						2023						2022
Reconciliation of Federal Statutory Tax Rates:
U.S. Statutory Tax Rate			21.0		%				21.0		%				21.0		%
Increase Due to State and Local Taxes			5.5		%				4.6		%				5.6		%
Rate Benefits as a Limited Liability Company/Flow Through			(1.6)		%				(2.2)		%				(1.9)		%
Foreign Taxes			2.5		%				0.5		%				1.0		%
Non-Deductible Expenses(1)			2.3		%				2.0		%				1.0		%
ASU 2016-09 Benefit for Stock Compensation			(6.6)		%				(3.7)		%				(2.8)		%
Valuation Allowances			(2.3)		%				0.3		%				(0.3)		%
Other Adjustments			0.8		%				(0.5)		%				0.9		%
Effective Income Tax Rate			21.6		%				22.0		%				24.5		%

(1)Primarily related to non-deductible share-based compensation expense.

Schedule of Deferred Tax Assets and Liabilities

Details of the Company's deferred tax assets and liabilities as of December 31, 2024 and 2023 were as follows:

			December 31,
			2024						2023
Deferred Tax Assets:
Depreciation and Amortization			$	21,316					$	21,796
Compensation and Benefits			149,275						142,340
Step up in tax basis due to the exchange of LP Units for Class A Shares(1)			63,884						62,637
Step up in tax basis due to the exchange of LP Units for Class A Shares(2)			42,503						39,999
Operating Lease			132,504						112,715
Other			13,354						11,728
Total Deferred Tax Assets			$	422,836					$	391,215
Deferred Tax Liabilities:
Operating Lease			$	106,087					$	90,666
Goodwill, Intangible Assets and Other			26,962						17,312
Total Deferred Tax Liabilities			$	133,049					$	107,978
Net Deferred Tax Assets Before Valuation Allowance			289,787						283,237
Valuation Allowance			(5,279)						(17,423)
Net Deferred Tax Assets			$	284,508					$	265,814

(1)Step-up in the tax basis associated with the exchange of LP Units for holders which have a tax receivable agreement.

(2)Step-up in the tax basis associated with the exchange of LP Units for holders which do not have a tax receivable agreement.

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the changes in tax positions for the years ended December 31, 2024, 2023 and 2022 is as follows:

			December 31,
			2024						2023						2022
Beginning unrecognized tax benefit			$	359					$	359					$	254
Additions for tax positions of prior years			79						—						105
Reductions for tax positions of prior years			—						—						—
Lapse of Statute of Limitations			—						—						—
Decrease due to settlement with Taxing Authority			(58)						—						—
Ending unrecognized tax benefit			$	380					$	359					$	359

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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