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Capital Structure (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

			As of September 30, 2024
			Unadjusted						As adjusted for Reclassification						As Further Adjusted for IPO
(dollars in thousands, except per share data)
Cash and cash equivalents			$	639,767					$	639,767					$	666,293
Debt: Short-term borrowings			$	10,000					$	10,000					$	—
Stockholders’ equity:
Preferred Stock, no par value; 100,000 shares authorized, none issued and outstanding, unadjusted; no par value, 10,000,000 shares authorized, none issued and outstanding, as adjusted for Reclassification and as further adjusted for IPO			$	—					$	—					$	—
Old Common Stock, $1.00 par value; 200,000 shares authorized, 26,876 shares issued and outstanding, unadjusted; no shares authorized, no shares issued and outstanding, as adjusted for Reclassification and as further adjusted for IPO			$	27					$	—					$	—
Class A Common Stock, $0.01 par value; no shares authorized, no shares issued and outstanding, unadjusted; 20,000,000 shares authorized, no shares issued and outstanding, as adjusted for Reclassification; 20,000,000 shares authorized, 1,992,897 shares issued and outstanding, as further adjusted for IPO			$	—					$	—					$	20
Class B Common Stock, $0.01 par value; no shares authorized, no shares issued and outstanding, unadjusted; 10,000,000 shares authorized, 4,568,920 shares issued and outstanding, as adjusted for Reclassification and as further adjusted for IPO			$	—					$	46					$	46
Additional paid-in capital			$	38,295					$	38,276					$	74,782
Retained earnings			$	73,901					$	73,901					$	73,901
Accumulated other comprehensive loss			$	(7,380)					$	(7,380)					$	(7,380)
Total stockholders’ equity			$	104,843					$	104,843					$	141,369

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No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

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