XML 60 R44.htm IDEA: XBRL DOCUMENT
v3.26.1

EQUITY AND NONCASH COMPENSATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Activity | The following table presents phantom award activity for the periods presented inclusive of activity before and after the Corporate Reorganization:
| Units |  |  |  | Weighted-average grant date fair value
Nonvested phantom awards, December 31, 2022 | 605,142 |  |  |  |  | $ | 17.62 |
Phantom awards granted | 323,371 |  |  |  |  | 17.29 |
Phantom awards vested | (236,154) |  |  |  |  | 15.69 |
Phantom awards forfeited | (3,892) |  |  |  |  | 20.50 |
Nonvested phantom awards, December 31, 2023 | 688,467 |  |  |  |  | 17.69 |
Phantom awards granted | 377,036 |  |  |  |  | 18.52 |
Phantom awards vested | (349,064) |  |  |  |  | 17.92 |
Phantom awards forfeited | (19,129) |  |  |  |  | 15.92 |
Nonvested phantom awards, December 31, 2024 | 697,310 |  |  |  |  | 19.19 |
Phantom awards granted | 239,378 |  |  |  |  | 39.90 |
Phantom awards vested | (260,236) |  |  |  |  | 17.70 |
Phantom awards forfeited | (11,254) |  |  |  |  | 27.31 |
Nonvested phantom awards, December 31, 2025 | 665,198 |  |  |  |  | $ | 25.92 |
Schedule of Intrinsic Values | The intrinsic value of phantom units and restricted stock units that vested during the years ended December 31, 2023, 2024 and 2025 follows.
| Year ended December 31,
| 2025 |  | 2024 |  | 2023
| (In thousands)
Intrinsic value of vested LTIP awards | $ | 9,633 |  |  | $ | 7,375 |  |  | $ | 3,758 |
Schedule of Unit-Based Compensation Recognized in General and Administrative Expense | Share-based compensation recognized in general and administrative expense related to awards under the SMC LTIP during the years ended December 31, 2023, 2024 and 2025 follows.
| Year ended December 31,
| 2025 |  | 2024 |  | 2023
| (In thousands)
SMC LTIP share-based compensation | $ | 7,798 |  |  | $ | 8,561 |  |  | $ | 6,566 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for exercisable or convertible options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (e)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration