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Earnings per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
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)202520242023
Income before income taxes and noncontrolling interest$1,094,329 $644,970 $325,131 
Provision for income taxes182,065 110,435 61,210 
Net income912,264 534,535 263,921 
Noncontrolling interest(443,903)(258,120)(121,885)
Net income available for common stockholders$468,361 $276,415 $142,036 
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)202520242023
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 securities437,761 260,394 133,885 
Weighted average shares of common stock outstanding:
Class A85,216,028 87,482,162 94,076,165 
Basic earnings per share$5.14 $2.98 $1.42 
 Years Ended December 31,
(in thousands, except for share or per share data)202520242023
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 outstanding85,216,028 87,482,162 94,076,165 
Issuable pursuant to Second Amended and Restated 2015 Management Incentive Plan102,408 339,414 — 
85,318,436 87,821,576 94,076,165 
Diluted earnings per share$5.13 $2.97 $1.42