Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.24.0.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional paid-in capital
Retained earnings
Total stockholders' equity
Noncontrolling interests
Beginning Balance (in shares) at Dec. 31, 2020   32,557,303     528,185,000  
Beginning balance at Dec. 31, 2020 $ 529,486 $ 3 $ 496,171 $ 32,011   $ 1,301
Increase (Decrease) in Shareholders' Equity            
Recapitalization transaction, net of fees and deferred taxes (in shares)   13,673,722        
Recapitalization transaction, net of fees and deferred taxes 33,368 $ 2 33,366   $ 33,368  
Vesting of restricted stock units (in shares)   50,066        
Stock-based compensation expense 5,808   5,808   5,808  
Net income (loss) $ 52,735     52,786 $ 52,786 (51)
Ending Balance (in shares) at Dec. 31, 2021 32,600,000 46,281,091     620,147,000  
Ending balance at Dec. 31, 2021 $ 621,397 $ 5 535,345 84,797   1,250
Increase (Decrease) in Shareholders' Equity            
Shares issued under share-based awards (in shares)   228,529        
Cash paid for shares withheld for taxes (848)   (848)   $ (848)  
Stock-based compensation expense 3,647   3,647   3,647  
Contributions from noncontrolling interests 55,000         55,000
Distributions to noncontrolling interests (3,995)         (3,995)
Repurchase of common stock (in shares)   (5,625,352)        
Repurchase of common stock (40,547) $ (1) (40,546)   (40,547)  
Net income (loss) $ 75,665     73,551 $ 73,551 2,114
Ending Balance (in shares) at Dec. 31, 2022 40,884,268 40,884,268     655,950,000  
Ending balance at Dec. 31, 2022 $ 710,319 $ 4 497,598 158,348   54,369
Increase (Decrease) in Shareholders' Equity            
Shares issued under share-based awards (in shares)   267,782        
Stock options exercised (in shares)   3,877        
Stock options exercised 37   37   $ 37  
Cash paid for shares withheld for taxes (695)   (695)   (695)  
Stock-based compensation expense 3,088   3,088   3,088  
Distributions to noncontrolling interests (22,309)         (22,309)
Repurchase of common stock (in shares)   (3,635,033)        
Repurchase of common stock (34,738)   (34,738)   (34,738)  
Forfeiture and cancellation of Earnout Shares (in shares)   (1,000,000)        
Net income (loss) $ 32,650     29,236 $ 29,236 3,414
Ending Balance (in shares) at Dec. 31, 2023 36,520,894 36,520,894     652,878,000  
Ending balance at Dec. 31, 2023 $ 688,352 $ 4 $ 465,290 $ 187,584   $ 35,474