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Basic and Diluted Net Income per Share (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Calculation of Basic and Diluted Net Income per Share | The following table presents the calculation of basic and diluted net income per share under the two-class method.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net income | $ | 33.4 |  |  | $ | 72.2 |  |  | $ | 94.0 |  |  | $ | 155.2 |
Less: Net income attributable to non-redeemable noncontrolling interests | (5.3) |  |  | (18.4) |  |  | (15.2) |  |  | (41.6) |
Less: Dividends on Preferred Stock and redeemable noncontrolling interests | (15.1) |  |  | — |  |  | (24.6) |  |  | — |
Adjustment to net income attributable to common stockholders | — |  |  | (0.4) |  |  | (0.9) |  |  | (1.1) |
Net income attributable to common stockholders - basic | 13.0 |  |  | 53.4 |  |  | 53.3 |  |  | 112.5 |
Reallocation of net income from non-redeemable noncontrolling interests to common stockholders due to effect of dilutive securities | 2.8 |  |  | 14.2 |  |  | 9.9 |  |  | 32.1 |
Net income attributable to common stockholders - diluted | $ | 15.8 |  |  | $ | 67.6 |  |  | $ | 63.2 |  |  | $ | 144.6 |
Numerator - allocation of net income attributable to common stockholders: |  |  |  |  |  |  |
Net income allocated to Class A common stock - basic | $ | 12.8 |  |  | $ | 52.1 |  |  | $ | 52.2 |  |  | $ | 109.7 |
Reallocation of net income from non-redeemable noncontrolling interests to common stockholders due to effect of dilutive securities | 2.8 |  |  | 14.2 |  |  | 10.0 |  |  | 32.2 |
Net income allocated to Class A common stock - diluted | $ | 15.6 |  |  | $ | 66.3 |  |  | $ | 62.2 |  |  | $ | 141.9 |
Net income allocated to Class C common stock - basic | $ | 0.2 |  |  | $ | 1.3 |  |  | $ | 1.1 |  |  | $ | 2.8 |
Reallocation of net income from non-redeemable noncontrolling interests to common stockholders due to effect of dilutive securities | — |  |  | — |  |  | (0.1) |  |  | (0.1) |
Net income allocated to Class C common stock - diluted | $ | 0.2 |  |  | $ | 1.3 |  |  | $ | 1.0 |  |  | $ | 2.7 |
Denominator: |  |  |  |  |  |  |
Weighted average shares of Class A common stock outstanding - basic (a) | 67,243,324 |  |  | 66,791,329 |  |  | 67,131,538 |  |  | 65,230,377 |
Effect of dilutive securities: |  |  |  |  |  |  |
LLC Interests | 19,801,028 |  |  | 21,216,195 |  |  | 19,801,028 |  |  | 22,953,032 |
RSUs | 1,168,776 |  |  | 1,349,414 |  |  | 1,314,783 |  |  | 1,331,271 |
2025 Convertible Notes | 1,151,294 |  |  | — |  |  | 1,255,978 |  |  | — |
Weighted average shares of Class A common stock outstanding - diluted | 89,364,422 |  |  | 89,356,938 |  |  | 89,503,327 |  |  | 89,514,680 |
Weighted average shares of Class C common stock outstanding - basic and diluted | 1,318,499 |  |  | 1,659,314 |  |  | 1,371,660 |  |  | 1,681,264 |
Net income per share - basic: |  |  |  |  |  |  |
Class A common stock | $ | 0.19 |  |  | $ | 0.78 |  |  | $ | 0.78 |  |  | $ | 1.68 |
Class C common stock | $ | 0.19 |  |  | $ | 0.78 |  |  | $ | 0.78 |  |  | $ | 1.68 |
Net income per share - diluted: |  |  |  |  |  |  |
Class A common stock | $ | 0.17 |  |  | $ | 0.74 |  |  | $ | 0.70 |  |  | $ | 1.59 |
Class C common stock | $ | 0.17 |  |  | $ | 0.74 |  |  | $ | 0.70 |  |  | $ | 1.59 |
(a) For the three and nine months ended September 30, 2024, included 1,253,470 shares that had been committed but not issued as of September 30, 2024 primarily related to the acquisition of Finaro.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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