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Deferred Acquisition Consideration (Tables) | 3 Months Ended
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Mar. 31, 2025
Business Combinations [Abstract] |
Schedule of Changes in Contingent Deferred Acquisition Consideration | The following table presents changes in deferred acquisition consideration for the three months ended March 31, 2025 and the year ended December 31, 2024 and a reconciliation to the amounts reported on the Unaudited Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024 :
| 2025 |  | 2024
| (dollars in thousands)
Beginning balance | $ | 102,115 |  |  | $ | 101,058 |
Payments (1) | (16,103) |  |  | (67,895) |
Adjustments to deferred acquisition consideration (2) | 6,657 |  |  | 23,005 |
Additions (3) | — |  |  | 46,598 |
Currency translation adjustment | 608 |  |  | (651) |
Ending balance (4) | $ | 93,277 |  |  | $ | 102,115 |
(1) Includes deferred acquisition consideration payments settled in shares of Class A Common Stock of $18.2 million for the year ended December 31, 2024. (2) Adjustments to deferred acquisition consideration contains fair value changes from the Company’s initial estimates of deferred acquisition payments and accretion of expense as awards are earned over the vesting period. (3) Additions in 2024 of $46.6 million include $28.1 million related to the Company’s acquisitions (See Note 3 for further information). It also includes $17.0 million related to a reclassification from redeemable noncontrolling interest to deferred acquisition consideration in connection with the purchase of the remaining 40% interest the Company did not previously own in a certain Brand. This amount was fully paid during the three months ended March 31, 2025. (4) The deferred acquisition consideration as of March 31, 2025, and December 31, 2024, includes $42.4 million and $38.4 million, respectively, expected to be settled in shares of Class A Common Stock.

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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