XML 116 R96.htm IDEA: XBRL DOCUMENT v3.25.0.1
Basic and Diluted Net Income per Share - Schedule of Calculation of Basic and Diluted Net Income per Share (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Earnings Per Share Basic and Diluted [Line Items]      
Net income $ 294.5 $ 122.9 $ 86.7
Less: Net income attributable to noncontrolling interests (64.9) (36.7) (11.6)
Adjustment to net income attributable to common stockholders (2.4) 0.0 0.0
Net income attributable to common stockholders - basic 227.2 86.2 75.1
Reallocation of net income from noncontrolling interests to common stockholders due to effect of dilutive securities 50.3 0.7 11.6
Net income attributable to common stockholders - diluted $ 277.5 $ 86.9 $ 86.7
Denominator:      
Weighted average shares of common stock outstanding, basic (in shares) 1,668,826 1,942,054 3,864,579
Weighted average shares of common stock outstanding, diluted (in shares) 1,668,826 1,942,054 3,864,579
Net income per share - Diluted:      
Common stock, shares subscribed but unissued (in shares)   3,741,398 78,285
L L C interests convert into potential class A common shares      
Net income per share - Diluted:      
Antidilutive securities excluded from computation of net loss per share (in shares)   24,256,531  
Class A Common Stock      
Earnings Per Share Basic and Diluted [Line Items]      
Net income attributable to common stockholders - basic $ 221.6 $ 83.4 $ 69.9
Reallocation of net income from noncontrolling interests to common stockholders due to effect of dilutive securities 50.8 0.7 12.7
Net income attributable to common stockholders - diluted $ 272.4 $ 84.1 $ 82.6
Denominator:      
Weighted average shares of common stock outstanding, basic (in shares) 66,009,448 57,738,871 52,303,968
Weighted average shares of common stock outstanding, diluted (in shares) 89,854,352 59,048,350 78,903,737
Net income per share - Basic:      
Net income per share - basic (in dollars per share) $ 3.36 $ 1.45 $ 1.34
Net income per share - Diluted:      
Net income per share - diluted (in dollars per share) $ 3.03 $ 1.43 $ 1.05
Class A Common Stock | LLC Interests      
Denominator:      
Effect of dilutive securities (in shares) 22,160,725 0 26,002,825
Class A Common Stock | RSUs      
Denominator:      
Effect of dilutive securities (in shares) 1,684,179 1,112,793 596,944
Class A Common Stock | Contingent shares      
Denominator:      
Effect of dilutive securities (in shares) 0 196,686 0
Class C Common Stock      
Earnings Per Share Basic and Diluted [Line Items]      
Net income attributable to common stockholders - basic $ 5.6 $ 2.8 $ 5.2
Reallocation of net income from noncontrolling interests to common stockholders due to effect of dilutive securities (0.5) 0.0 (1.1)
Net income attributable to common stockholders - diluted $ 5.1 $ 2.8 $ 4.1
Denominator:      
Weighted average shares of common stock outstanding, basic (in shares) 1,668,826 1,942,054 3,864,579
Weighted average shares of common stock outstanding, diluted (in shares) 1,668,826 1,942,054 3,864,579
Net income per share - Basic:      
Net income per share - basic (in dollars per share) $ 3.36 $ 1.45 $ 1.34
Net income per share - Diluted:      
Net income per share - diluted (in dollars per share) $ 3.03 $ 1.43 $ 1.05