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Earnings per Share (Tables) | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Schedule of Reconciliation of Net Income Before Noncontrolling Interest to Net Income Available for Common Stockholders | The below table contains a reconciliation of Net income before income taxes and noncontrolling interest to Net income available for common stockholders:
|  |  |  | Years Ended December 31,
(in thousands) |  |  |  |  |  | 2025 |  | 2024 |  | 2023
Income before income taxes and noncontrolling interest |  |  |  |  |  | $ | 1,094,329 |  |  | $ | 644,970 |  |  | $ | 325,131 |
Provision for income taxes |  |  |  |  |  | 182,065 |  |  | 110,435 |  |  | 61,210 |
Net income |  |  |  |  |  | 912,264 |  |  | 534,535 |  |  | 263,921 |
Noncontrolling interest |  |  |  |  |  | (443,903) |  |  | (258,120) |  |  | (121,885) |
Net income available for common stockholders |  |  |  |  |  | $ | 468,361 |  |  | $ | 276,415 |  |  | $ | 142,036 |
Schedule of Basic Earnings Per Share | The calculation of basic and diluted earnings per share is presented below:
|  |  |  | Years Ended December 31,
(in thousands, except for share or per share data) |  |  |  |  |  | 2025 |  | 2024 |  | 2023
Basic earnings per share: |  |  |  |  |  |  |  |  |  |
Net income available for common stockholders |  |  |  |  |  | $ | 468,361 |  |  | $ | 276,415 |  |  | $ | 142,036 |
Less: Dividends and undistributed earnings allocated to participating securities |  |  |  |  |  | (30,600) |  |  | (16,021) |  |  | (8,151) |
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities |  |  |  |  |  | 437,761 |  |  | 260,394 |  |  | 133,885 |
Weighted average shares of common stock outstanding: |  |  |  |  |  |  |  |  |  |
Class A |  |  |  |  |  | 85,216,028 |  |  | 87,482,162 |  |  | 94,076,165 |
Basic earnings per share |  |  |  |  |  | $ | 5.14 |  |  | $ | 2.98 |  |  | $ | 1.42 |
Schedule of Diluted Earnings Per Share |
|  |  |  | Years Ended December 31,
(in thousands, except for share or per share data) |  |  |  |  |  | 2025 |  | 2024 |  | 2023
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities |  |  |  |  |  | $ | 437,761 |  |  | $ | 260,394 |  |  | $ | 133,885 |
Weighted average shares of common stock outstanding: |  |  |  |  |  |  |  |  |  |
Class A |  |  |  |  |  |  |  |  |  |
Issued and outstanding |  |  |  |  |  | 85,216,028 |  |  | 87,482,162 |  |  | 94,076,165 |
Issuable pursuant to Second Amended and Restated 2015 Management Incentive Plan |  |  |  |  |  | 102,408 |  |  | 339,414 |  |  | — |
|  |  |  |  |  | 85,318,436 |  |  | 87,821,576 |  |  | 94,076,165 |
Diluted earnings per share |  |  |  |  |  | $ | 5.13 |  |  | $ | 2.97 |  |  | $ | 1.42 |

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