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Income Taxes (FY) (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The components of income (loss) before taxes are as follows (in thousands):
| ​ | ​ | Years Ended December 31,
| ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021
Domestic | ​ | ​ | $(15,582) | ​ | ​ | $97,639 | ​ | ​ | $151,987
Foreign | ​ | ​ | (52) | ​ | ​ | (1,213) | ​ | ​ | (370)
Income before income taxes | ​ | ​ | (15,634) | ​ | ​ | 96,426 | ​ | ​ | 151,617
Schedule of Taxes on Income | The components of the provision for (benefit from) income taxes are as follows (in thousands):
| ​ | ​ | Years Ended December 31,
| ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021
Current | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Federal | ​ | ​ | $— | ​ | ​ | $— | ​ | ​ | $—
State | ​ | ​ | 93 | ​ | ​ | — | ​ | ​ | —
Foreign | ​ | ​ | — | ​ | ​ | (341) | ​ | ​ | 241
| ​ | ​ | 93 | ​ | ​ | (341) | ​ | ​ | 241
Deferred | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Federal | ​ | ​ | — | ​ | ​ | 131,766 | ​ | ​ | (508)
State | ​ | ​ | — | ​ | ​ | 47,652 | ​ | ​ | (334)
Foreign | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
| ​ | ​ | — | ​ | ​ | 179,418 | ​ | ​ | (842)
Provision for (benefit from) income taxes | ​ | ​ | $93 | ​ | ​ | $179,077 | ​ | ​ | $(601)
Schedule of Reconciliation Between the U.S. Statutory Federal Income Tax Rate and the Company's Effective Income Tax Rate | The actual income tax expense differs from the expected amount computed by applying the federal statutory corporate tax rate of 21 percent as follows (in thousands):
| ​ | ​ | Years Ended December 31,
| ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021 | ​
Federal statutory rate | ​ | ​ | $(3,283) | ​ | ​ | $20,249 | ​ | ​ | $31,844 | ​
State blended statutory rate | ​ | ​ | (828) | ​ | ​ | 5,168 | ​ | ​ | 8,497 | ​
Income taxed to owners of noncontrolling interests | ​ | ​ | 1,558 | ​ | ​ | (11,285) | ​ | ​ | (21,762) | ​
Foreign tax impact | ​ | ​ | 1 | ​ | ​ | (80) | ​ | ​ | 227 | ​
Change in fair value of warrant liability | ​ | ​ | (246) | ​ | ​ | (3,718) | ​ | ​ | (19,669) | ​
Stock based compensation | ​ | ​ | 2,154 | ​ | ​ | 2,868 | ​ | ​ | — | ​
Other permanent items | ​ | ​ | 433 | ​ | ​ | 548 | ​ | ​ | 901 | ​
Research and development credits | ​ | ​ | (502) | ​ | ​ | (2,514) | ​ | ​ | (751) | ​
Return to Provision | ​ | ​ | 1,128 | ​ | ​ | — | ​ | ​ | — | ​
Acquisition Holdback Share Release | ​ | ​ | (605) | ​ | ​ | — | ​ | ​ | — | ​
Change in valuation allowance | ​ | ​ | (413) | ​ | ​ | 186,954 | ​ | ​ | 112 | ​
Tax receivable agreement revaluation | ​ | ​ | 205 | ​ | ​ | (20,462) | ​ | ​ | — | ​
Change in State Tax Rate | ​ | ​ | 491 | ​ | ​ | 1,349 | ​ | ​ | — | ​
Provision for (benefit from) income taxes | ​ | ​ | $93 | ​ | ​ | $179,077 | ​ | ​ | $(601) | ​
Effective tax rate | ​ | ​ | (0.6)% | ​ | ​ | 185.7% | ​ | ​ | (0.4)% | ​
Schedule of Composition of Deferred Tax Balances | The significant components of the net deferred tax assets are as follows:
| ​ | ​ | December 31, 2023 | ​ | ​ | December 31, 2022
Deferred tax assets | ​ | ​ |  | ​ | ​ |
Investment in partnership | ​ | ​ | $129,297 | ​ | ​ | $133,569
Tax receivable agreement | ​ | ​ | 37,021 | ​ | ​ | 37,254
Net operating loss carryovers | ​ | ​ | 15,689 | ​ | ​ | 12,453
Tax credit carryovers | ​ | ​ | 4,140 | ​ | ​ | 3,679
Other | ​ | ​ | 535 | ​ | ​ | 111
Total deferred tax asset | ​ | ​ | 186,682 | ​ | ​ | 187,066
Less: valuation allowance | ​ | ​ | (186,682) | ​ | ​ | (187,066)
Net deferred tax asset | ​ | ​ | $— | ​ | ​ | $—
Schedule of Unrecognized Tax Benefits | The following table reflects changes in the unrecognized tax benefits (in thousands):
| ​ | ​ | December 31, 2023 | ​ | ​ | December 31, 2022
Gross amount of unrecognized tax benefits as of the beginning of the period | ​ | ​ | $920 | ​ | ​ | $188
Decreases related to prior year tax provisions | ​ | ​ | — | ​ | ​ | —
Increases related to current year tax provisions | ​ | ​ | 104 | ​ | ​ | 732
Gross amount of unrecognized tax benefits as of the end of the period | ​ | ​ | $1,024 | ​ | ​ | $920

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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