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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Trust shares, issued (shares) 76,135,000 76,135,000
Current assets:    
Cash and cash equivalents $ 73,757 $ 59,659
Accounts receivable, net 216,378 207,172
Inventories, net 605,480 571,248
Prepaid expenses and other current assets 134,004 126,692
Total current assets 1,029,619 964,771
Property, plant and equipment, net 216,587 244,746
Goodwill 895,420 895,916
Intangible assets, net 938,685 983,396
Other Assets 194,279 208,593
Total assets 3,274,590 3,297,422
Current liabilities:    
Accounts payable 116,771 103,239
Accrued expenses 311,869 318,476
Notes Payable, Related Party, Name [Extensible Enumeration] 18,204 18,036
Debt, Current 1,857,036 1,774,290
Borrowings From Subsidiary, Current 183,959 169,765
Other current liabilities 51,144 49,617
Total current liabilities 2,538,983 2,433,423
Deferred Income Tax Liabilities, Net 111,840 108,091
Long-term debt 0 0
Other non-current liabilities 213,037 225,334
Total liabilities $ 2,863,860 $ 2,766,848
Preferred Stock, Shares Issued 20,109,000 17,497,000
Stockholders’ equity    
Trust common shares, no par value, 500,000 authorized; 76,135 shares issued and 75,236 shares outstanding at June 30, 2025 and December 31, 2024, respectively. $ 1,288,951 $ 1,289,010
Accumulated other comprehensive loss (4,040) (5,337)
Accumulated deficit (1,141,951) (1,004,975)
Total stockholders’ equity attributable to Holdings 601,880 678,620
Noncontrolling interest (191,150) (148,046)
Total stockholders’ equity 410,730 530,574
Total liabilities and stockholders’ equity $ 3,274,590 $ 3,297,422
Preferred Stock, Shares Outstanding 20,109,000 17,497,000
Preferred Stock, Shares Authorized 50,000,000 50,000,000
Trust shares, par value (in dollars per share) $ 0 $ 0
Trust shares, authorized (shares) 500,000,000 500,000,000
Trust shares, outstanding (shares) 75,236,000 75,236,000
Treasury Stock, Common, Value $ (18,910) $ (18,910)
Series A Preferred Stock    
Preferred Stock, No Par Value $ 0  
Current liabilities:    
Preferred Stock, Shares Issued 4,678,000 4,551,000
Preferred Stock, Value, Issued $ 112,010 $ 109,159
Stockholders’ equity    
Preferred Stock, Shares Outstanding 4,678,000 4,551,000
Series B Preferred Stock [Member]    
Preferred Stock, No Par Value $ 0  
Current liabilities:    
Preferred Stock, Shares Issued 7,524,000 6,192,000
Preferred Stock, Value, Issued $ 177,771 $ 147,906
Stockholders’ equity    
Preferred Stock, Shares Outstanding 7,524,000 6,192,000
Series C Preferred Stock [Member]    
Preferred Stock, No Par Value $ 0  
Current liabilities:    
Preferred Stock, Shares Issued 7,907,000 6,754,000
Preferred Stock, Value, Issued $ 188,049 $ 161,767
Stockholders’ equity    
Preferred Stock, Shares Outstanding 7,907,000 6,754,000