Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Redeemable Non-Controlling Interests and Stockholders' Equity

v3.22.2
Condensed Consolidated Statements of Changes in Redeemable Non-Controlling Interests and Stockholders' Equity - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Non-controlling Interest
Redeemable non-controlling interests, beginning balance at Dec. 31, 2020 $ 38,850                  
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Distributions to redeemable non-controlling interests (648)                  
Accretion of tax equity financing fees 61                  
Net income 5,488                  
Redeemable non-controlling interests, ending balance at Jun. 30, 2021 46,003                  
Beginning balance (in shares) at Dec. 31, 2020       30,224,654 18,000,000          
Treasury stock, beginning balance (in shares) at Dec. 31, 2020                 2,101,795  
Beginning balance at Dec. 31, 2020 492,813     $ 3 $ 2 $ 145,496 $ 368,390 $ (9,290) $ (11,788) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Equity offering cost adjustment (in shares)       2,875,000            
Equity offering cost adjustment 120,081         120,081        
Exercise of stock options (in shares)       267,380            
Exercise of stock options 2,611         2,611        
Stock-based compensation expense 2,115         2,115        
Employee stock purchase plan (in shares)       15,297            
Employee stock purchase plan 652         652        
Unrealized gain (loss) from interest rate hedges, net 1,645             1,645    
Foreign currency translation adjustment 891             891    
Accretion of tax equity financing fees (61)           (61)      
Contributions from non-controlling interest 2,252                  
Net income 24,829           24,829      
Ending balance (in shares) at Jun. 30, 2021       33,382,331 18,000,000          
Treasury stock, ending balance (in shares) at Jun. 30, 2021                 2,101,795  
Ending balance at Jun. 30, 2021 645,576     $ 3 $ 2 270,955 393,158 (6,754) $ (11,788) 0
Redeemable non-controlling interests, beginning balance at Mar. 31, 2021 39,668                  
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Distributions to redeemable non-controlling interests (195)                  
Accretion of tax equity financing fees 30                  
Net income 4,231                  
Redeemable non-controlling interests, ending balance at Jun. 30, 2021 46,003                  
Beginning balance (in shares) at Mar. 31, 2021       33,265,925 18,000,000          
Treasury stock, beginning balance (in shares) at Mar. 31, 2021                 2,101,795  
Beginning balance at Mar. 31, 2021 628,855     $ 3 $ 2 267,864 379,533 (6,759) $ (11,788) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Equity offering cost adjustment (135)         (135)        
Exercise of stock options (in shares)       101,109            
Exercise of stock options 1,225         1,225        
Stock-based compensation expense 1,349         1,349        
Employee stock purchase plan (in shares)       15,297            
Employee stock purchase plan 652         652        
Unrealized gain (loss) from interest rate hedges, net (472)             (472)    
Foreign currency translation adjustment 477             477    
Accretion of tax equity financing fees (30)           (30)      
Contributions from non-controlling interest 2,269                  
Net income 13,655           13,655      
Ending balance (in shares) at Jun. 30, 2021       33,382,331 18,000,000          
Treasury stock, ending balance (in shares) at Jun. 30, 2021                 2,101,795  
Ending balance at Jun. 30, 2021 645,576     $ 3 $ 2 270,955 393,158 (6,754) $ (11,788) 0
Redeemable non-controlling interests, beginning balance at Dec. 31, 2021 46,182                  
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Distributions to redeemable non-controlling interests (651)                  
Accretion of tax equity financing fees 54                  
Investment fund call option exercise (238)                  
Net income 2,571                  
Redeemable non-controlling interests, ending balance at Jun. 30, 2022 $ 47,918                  
Beginning balance (in shares) at Dec. 31, 2021   33,716,309 18,000,000 33,716,309 18,000,000          
Treasury stock, beginning balance (in shares) at Dec. 31, 2021 2,101,795               2,101,795  
Beginning balance at Dec. 31, 2021 $ 704,264     $ 3 $ 2 283,982 438,732 (6,667) $ (11,788) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercise of stock options (in shares)       100,588            
Exercise of stock options 1,866         1,866        
Stock-based compensation expense 7,206         7,206        
Employee stock purchase plan (in shares)       16,996            
Employee stock purchase plan 948         948        
Unrealized gain (loss) from interest rate hedges, net 4,276             4,276    
Foreign currency translation adjustment (1,963)             (1,963)    
Accretion of tax equity financing fees (54)           (54)      
Investment fund call option exercise 238         238        
Contributions from non-controlling interest 15,186                 15,186
Net income $ 49,600           49,600      
Ending balance (in shares) at Jun. 30, 2022   33,833,893 18,000,000 33,833,893 18,000,000          
Treasury stock, ending balance (in shares) at Jun. 30, 2022 2,101,795               2,101,795  
Ending balance at Jun. 30, 2022 $ 781,567     $ 3 $ 2 294,240 488,278 (4,354) $ (11,788) 15,186
Redeemable non-controlling interests, beginning balance at Mar. 31, 2022 47,438                  
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Distributions to redeemable non-controlling interests (204)                  
Accretion of tax equity financing fees 27                  
Net income 657                  
Redeemable non-controlling interests, ending balance at Jun. 30, 2022 47,918                  
Beginning balance (in shares) at Mar. 31, 2022       33,808,964 18,000,000          
Treasury stock, beginning balance (in shares) at Mar. 31, 2022                 2,101,795  
Beginning balance at Mar. 31, 2022 736,211     $ 3 $ 2 289,459 456,089 (3,889) $ (11,788) 6,335
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercise of stock options (in shares)       7,933            
Exercise of stock options 158         158        
Stock-based compensation expense 3,675         3,675        
Employee stock purchase plan (in shares)       16,996            
Employee stock purchase plan 948         948        
Unrealized gain (loss) from interest rate hedges, net 1,565             1,565    
Foreign currency translation adjustment (2,030)             (2,030)    
Accretion of tax equity financing fees (27)           (27)      
Contributions from non-controlling interest 8,851                 8,851
Net income $ 32,216           32,216      
Ending balance (in shares) at Jun. 30, 2022   33,833,893 18,000,000 33,833,893 18,000,000          
Treasury stock, ending balance (in shares) at Jun. 30, 2022 2,101,795               2,101,795  
Ending balance at Jun. 30, 2022 $ 781,567     $ 3 $ 2 $ 294,240 $ 488,278 $ (4,354) $ (11,788) $ 15,186