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Noncontrolling Interest (Tables)

6 Months Ended

Jun. 30, 2025

Noncontrolling Interest [Abstract]

Schedule of Noncontrolling Interest Issuance and Exchange Activity

The following tables provide the issuance and exchange activity of the Opco Class B Units and the corresponding fully diluted noncontrolling interest ownership percentage in Forward Air as of June 30, 2025 and 2024, respectively based on such exchange activity.

			Opco Class B Units						Fully Diluted Ownership
Outstanding units at December 31, 2024			10,088						25.3		%
Exchanged into shares of Common Stock			(585)
Outstanding units at March 31, 2025			9,503						23.8		%
Exchanged into shares of Common Stock			(80)
Outstanding units at June 30, 2025			9,423						23.5		%

			Opco Class B Units						Opco Series C-2 Preferred Units						Fully Diluted Ownership
Outstanding units at December 31, 2023			—						—						0.0		%
Units issued in the Omni Acquisition			4,435						7,670
Outstanding units at March 31, 2024			4,435						7,670						31.4		%
Conversion of Opco Series C-2 preferred units to Opco Class B units			7,670						(7,670)
Outstanding units at June 30, 2024			12,105						—						30.4		%

X

- Definition

The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4M
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4M

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-SubTopic 10
-Topic 810
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

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X

- References

No definition available.

+ Details

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