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Equity-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Summarized Information Related to Restricted Stock and Restricted Units
The following table summarizes information related to RSUs held by employees and non-employee directors of the Company:
SharesWeighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2023
263,059 $98.94 
Granted169,949 161.23 
Vested(139,555)93.23 
Forfeited(9,231)153.10 
Non-vested shares outstanding December 31, 2024
284,222 $137.23 
Schedule of Summarized Information Related to Performance Share Units
The following table summarizes information related to PSUs held by employees of the Company:
SharesWeighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2023
78,943 $69.67 
Granted— — 
Vested(78,943)69.67 
Forfeited— — 
Non-vested shares outstanding December 31, 2024
— $— 
Schedule of Nonvested Absolute TSR PSUs Activity
The following table summarizes information related to the Absolute TSR PSUs held by employees of the Company:
SharesWeighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2023
— $— 
Granted15,808 233.01 
Vested(364)233.35 
Forfeited— — 
Non-vested shares outstanding December 31, 2024
15,444 $233.00 
Schedule of Nonvested Relative TSR PSUs Activity
The following table summarizes information related to the Relative TSR PSUs held by employees of the Company:
SharesWeighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2023
— $— 
Granted47,428 197.10 
Vested(1,091)200.54 
Forfeited— — 
Non-vested shares outstanding December 31, 2024
46,337 $197.02 
Schedule of Nonvested Leveraged Stock Units Activity
The following table summarizes information related to LSUs held by employees of the Company:
SharesWeighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2023
497,037 $84.59 
Granted— — 
Vested(248,520)84.59 
Forfeited— — 
Non-vested shares outstanding December 31, 2024
248,517 $84.59 
Schedule of Assumptions
The following table summarizes the assumptions used in the Monte Carlo simulation model to determine the grant date fair value and associated equity-based compensation expenses by grant date:
2021 PSUs and LSUs2024 Absolute and Relative TSR PSUs
Year Ended December 31, 2021Year Ended December 31, 2024
Forecast period (years)343
Risk-free interest rates0.2%0.6%3.8%4.7%
Implied equity volatility45%60%35%
Range of stock price on date of grant$44.41$68.07$141.41$169.66
Schedule of Summarized Information Related to Phantom Units
The following table summarizes information related to phantom unit awards held by employees of the Company:
Phantom Unit AwardsWeighted Average
Grant Date
Fair Value per Share
Non-vested phantom unit awards outstanding December 31, 2023
10,043 $165.87 
Granted12,613 158.68 
Vested(3,557)136.67 
Forfeited(1,012)151.09 
Non-vested phantom unit awards outstanding December 31, 2024
18,087 $151.71