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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Additional Paid-In Capital
Retained Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Series A Convertible Preferred Stock
Preferred Stock
Class A common stock
Class A common stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Class C common stock
Class C common stock
Common Stock
Balance at beginning of period (in shares) at Dec. 31, 2023               60,664,171   23,831,883   1,694,915
Balance at beginning of period at Dec. 31, 2023 $ 868.4 $ 985.9 $ (346.7) $ 14.1 $ 215.1              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 28.5   20.6   7.9              
Distributions to non-redeemable noncontrolling interests (0.3)       (0.3)              
Equity-based compensation 22.8 22.8                    
Vesting of restricted stock units, net of tax withholding (in shares)               151,053        
Vesting of restricted stock units, net of tax withholding (9.1) (11.6)     2.5              
Other comprehensive income (loss) (14.5)     (10.6) (3.9)              
Balance at end of period (in shares) at Mar. 31, 2024               60,815,224   23,831,883   1,694,915
Balance at end of period at Mar. 31, 2024 895.8 997.1 (326.1) 3.5 221.3              
Balance at beginning of period (in shares) at Dec. 31, 2023               60,664,171   23,831,883   1,694,915
Balance at beginning of period at Dec. 31, 2023 868.4 985.9 (346.7) 14.1 215.1              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 155.2                      
Balance at end of period (in shares) at Sep. 30, 2024               66,942,326   19,801,028   1,635,770
Balance at end of period at Sep. 30, 2024 1,047.8 1,048.7 (257.5) 20.6 236.0              
Balance at beginning of period (in shares) at Mar. 31, 2024               60,815,224   23,831,883   1,694,915
Balance at beginning of period at Mar. 31, 2024 895.8 997.1 (326.1) 3.5 221.3              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 54.5   39.2   15.3              
Noncontrolling interests recognized upon acquisition 25.9       25.9              
Repurchases and retirement of Class A common stock (in shares)               (230,400)        
Repurchases and retirement of Class A common stock (15.9) (6.0) (10.9)   1.0              
Issuance of stock, net of issuance costs and tax withholding (in shares)               1,230,309        
Issuance of stock, net of issuance costs and tax withholding 2.0 1.6     0.4              
Exchange of shares held by Rook (in shares)               109,976   (80,915)   (29,061)
Exchange of shares held by Rook 0.0 0.1     (0.1)              
Distributions to non-redeemable noncontrolling interests (1.7)       (1.7)              
Equity-based compensation 14.3 14.3                    
Vesting of restricted stock units, net of tax withholding (in shares)               42,139        
Vesting of restricted stock units, net of tax withholding (2.1) (1.4)     (0.7)              
Other comprehensive income (loss) (14.0)     (10.6) (3.4)              
Balance at end of period (in shares) at Jun. 30, 2024               61,967,248   23,750,968   1,665,854
Balance at end of period at Jun. 30, 2024 958.8 1,005.7 (297.8) (7.1) 258.0              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 72.2   53.8   18.4              
Shares purchased through squeeze-out merger and common stock, net of foreign currency translation (0.1)       (0.1)              
Repurchases and retirement of Class A common stock (in shares)               (298,488)        
Repurchases and retirement of Class A common stock (20.0) (3.0) (13.5)   (3.5)              
Issuance of stock, net of issuance costs and tax withholding (in shares)               1,203,807        
Exchange of shares held by Rook (in shares)               3,980,024   (3,949,940)   (30,084)
Exchange of shares held by Rook 0.0 38.9     (38.9)              
Equity impact of tax receivable agreement for exchanges, net of deferred taxes arising from changes in ownership (2.2) (2.2)                    
Distributions to non-redeemable noncontrolling interests (4.6)       (4.6)              
Equity-based compensation 14.3 14.3                    
Vesting of restricted stock units, net of tax withholding (in shares)               89,735        
Vesting of restricted stock units, net of tax withholding (6.4) (5.0)     (1.4)              
Other comprehensive income (loss) 35.8     27.7 8.1              
Balance at end of period (in shares) at Sep. 30, 2024               66,942,326   19,801,028   1,635,770
Balance at end of period at Sep. 30, 2024 1,047.8 1,048.7 (257.5) 20.6 236.0              
Balance at beginning of period (in shares) at Dec. 31, 2024           0            
Balance at beginning of period (in shares) at Dec. 31, 2024             67,737,305 67,737,305 19,801,028 19,801,028 1,519,826 1,519,826
Balance at beginning of period at Dec. 31, 2024 1,017.7 1,063.0 (228.2) (28.2) 211.1 $ 0.0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 19.5   16.7   2.8              
Noncontrolling interests recognized upon acquisition 1.0       1.0              
Repurchases and retirement of Class A common stock (in shares)               (686,177)        
Repurchases and retirement of Class A common stock (63.4) (3.2) (48.1)   (12.1)              
Exchange of shares held by Rook (in shares)               160,043       (160,043)
Distributions to non-redeemable noncontrolling interests (0.1)       (0.1)              
Equity-based compensation 26.0 26.0                    
Vesting of restricted stock units, net of tax withholding (in shares)               259,815       (12,410)
Vesting of restricted stock units, net of tax withholding (17.8) (18.4)     0.6              
Other comprehensive income (loss) 33.1     25.6 7.5              
Balance at end of period (in shares) at Mar. 31, 2025           0            
Balance at end of period (in shares) at Mar. 31, 2025               67,470,986   19,801,028   1,347,373
Balance at end of period at Mar. 31, 2025 1,016.0 1,067.4 (259.6) (2.6) 210.8 $ 0.0            
Balance at beginning of period (in shares) at Dec. 31, 2024           0            
Balance at beginning of period (in shares) at Dec. 31, 2024             67,737,305 67,737,305 19,801,028 19,801,028 1,519,826 1,519,826
Balance at beginning of period at Dec. 31, 2024 1,017.7 1,063.0 (228.2) (28.2) 211.1 $ 0.0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 94.0                      
Balance at end of period (in shares) at Sep. 30, 2025           10,000,000            
Balance at end of period (in shares) at Sep. 30, 2025             67,451,984 67,451,984 19,801,028 19,801,028 1,253,566 1,253,566
Balance at end of period at Sep. 30, 2025 2,204.0 932.8 (283.4) 47.1 534.3 $ 973.2            
Balance at beginning of period (in shares) at Mar. 31, 2025           0            
Balance at beginning of period (in shares) at Mar. 31, 2025               67,470,986   19,801,028   1,347,373
Balance at beginning of period at Mar. 31, 2025 1,016.0 1,067.4 (259.6) (2.6) 210.8 $ 0.0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 41.1   34.0   7.1              
Reclassification from stockholders’ equity to mezzanine equity for Vectron noncontrolling interest (26.1)   (0.9)   (25.2)              
Repurchases and retirement of Class A common stock (in shares)               (1,148,718)        
Repurchases and retirement of Class A common stock (84.8) (9.1) (60.4)   (15.3)              
Issuance of stock, net of issuance costs and tax withholding (in shares)           10,000,000            
Issuance of stock, net of issuance costs and tax withholding 973.6 (220.1)     220.1 $ 973.6            
Dividends on Series A Mandatory Convertible Preferred Stock and redeemable noncontrolling interests (9.5)   (9.5)                  
Exchange of shares held by Rook (in shares)               8,466       (8,466)
Distributions to non-redeemable noncontrolling interests (18.6)       (18.6)              
Equity-based compensation 15.2 15.2                    
Vesting of restricted stock units, net of tax withholding (in shares)               45,494        
Vesting of restricted stock units, net of tax withholding (1.0) (1.0)                    
Other comprehensive income (loss) 84.7     65.5 19.2              
Balance at end of period (in shares) at Jun. 30, 2025           10,000,000            
Balance at end of period (in shares) at Jun. 30, 2025               66,376,228   19,801,028   1,338,907
Balance at end of period at Jun. 30, 2025 1,990.6 852.4 (296.4) 62.9 398.1 $ 973.6            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 33.4   28.1   5.3              
Noncontrolling interests recognized upon acquisition 164.1       164.1              
Shares purchased through squeeze-out merger and common stock, net of foreign currency translation (47.3)       (47.3)              
Issuance of stock, net of issuance costs and tax withholding (in shares)               912,494        
Issuance of stock, net of issuance costs and tax withholding 87.8 68.8     19.0              
Adjustment to Series A Mandatory Convertible Preferred Stock issuance costs (0.4)         $ (0.4)            
Dividends on Series A Mandatory Convertible Preferred Stock and redeemable noncontrolling interests (15.1)   (15.1)                  
Exchange of shares held by Rook (in shares)               85,341       (85,341)
Distributions to non-redeemable noncontrolling interests (0.1)       (0.1)              
Equity-based compensation 15.6 15.6                    
Vesting of restricted stock units, net of tax withholding (in shares)               77,921        
Vesting of restricted stock units, net of tax withholding (4.0) (4.0)                    
Other comprehensive income (loss) (20.6)     (15.8) (4.8)              
Balance at end of period (in shares) at Sep. 30, 2025           10,000,000            
Balance at end of period (in shares) at Sep. 30, 2025             67,451,984 67,451,984 19,801,028 19,801,028 1,253,566 1,253,566
Balance at end of period at Sep. 30, 2025 $ 2,204.0 $ 932.8 $ (283.4) $ 47.1 $ 534.3 $ 973.2