Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
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 Interests
Redeemable non-controlling interests, beginning balance at Dec. 31, 2021 $ 46,182                  
Redeemable Non-controlling Interests                    
Distributions to redeemable non-controlling interests (863)                  
Accretion of tax equity financing fees 81                  
Investment fund call option exercise (238)                  
Net income 2,915                  
Redeemable non-controlling interests, ending balance at Sep. 30, 2022 48,077                  
Beginning balance (in shares) at Dec. 31, 2021       33,716,309 18,000,000          
Treasury stock, beginning balance (in shares) at Dec. 31, 2021                 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)       180,888            
Exercise of stock options 3,482         3,482        
Stock-based compensation expense 10,837         10,837        
Employee stock purchase plan (in shares)       16,996            
Employee stock purchase plan 948         948        
Unrealized gain from interest rate hedges, net 6,033             6,033    
Foreign currency translation adjustment (5,016)             (5,016)    
Accretion of tax equity financing fees (81)           (81)      
Investment fund call option exercise 238         238        
Contributions from non-controlling interests 16,844                 16,844
Net (loss) income 76,991           76,991      
Ending balance (in shares) at Sep. 30, 2022       33,914,193 18,000,000          
Treasury stock, ending balance (in shares) at Sep. 30, 2022                 2,101,795  
Ending balance at Sep. 30, 2022 814,540     $ 3 $ 2 299,487 515,642 (5,650) $ (11,788) 16,844
Redeemable non-controlling interests, beginning balance at Jun. 30, 2022 47,918                  
Redeemable Non-controlling Interests                    
Distributions to redeemable non-controlling interests (212)                  
Accretion of tax equity financing fees 27                  
Net income 344                  
Redeemable non-controlling interests, ending balance at Sep. 30, 2022 48,077                  
Beginning balance (in shares) at Jun. 30, 2022       33,833,893 18,000,000          
Treasury stock, beginning balance (in shares) at Jun. 30, 2022                 2,101,795  
Beginning balance at Jun. 30, 2022 781,567     $ 3 $ 2 294,240 488,278 (4,354) $ (11,788) 15,186
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercise of stock options (in shares)       80,300            
Exercise of stock options 1,616         1,616        
Stock-based compensation expense 3,631         3,631        
Unrealized gain from interest rate hedges, net 1,757             1,757    
Foreign currency translation adjustment (3,053)             (3,053)    
Accretion of tax equity financing fees (27)           (27)      
Contributions from non-controlling interests 1,658                 1,658
Net (loss) income 27,391           27,391      
Ending balance (in shares) at Sep. 30, 2022       33,914,193 18,000,000          
Treasury stock, ending balance (in shares) at Sep. 30, 2022                 2,101,795  
Ending balance at Sep. 30, 2022 814,540     $ 3 $ 2 299,487 515,642 (5,650) $ (11,788) 16,844
Redeemable non-controlling interests, beginning balance at Dec. 31, 2022 46,623                  
Redeemable Non-controlling Interests                    
Distributions to redeemable non-controlling interests (494)                  
Accretion of tax equity financing fees 81                  
Investment fund call option exercise 195                  
Net income 870                  
Redeemable non-controlling interests, ending balance at Sep. 30, 2023 $ 47,275                  
Beginning balance (in shares) at Dec. 31, 2022   33,948,362 18,000,000 33,948,362 18,000,000          
Treasury stock, beginning balance (in shares) at Dec. 31, 2022 2,101,795               2,101,795  
Beginning balance at Dec. 31, 2022 $ 873,031     $ 3 $ 2 306,314 533,549 (4,051) $ (11,788) 49,002
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercise of stock options (in shares)       238,750            
Exercise of stock options 2,367         2,367        
Stock-based compensation expense 12,318         12,318        
Employee stock purchase plan (in shares)       24,833            
Employee stock purchase plan 1,017         1,017        
Restricted stock units released (in shares)       22,601            
Unrealized gain from interest rate hedges, net 716             716    
Foreign currency translation adjustment (425)             (400)   (25)
Accretion of tax equity financing fees (81)           (81)      
Investment fund call option exercise (195)         (195)        
Contributions from non-controlling interests 957                 957
Distributions to non-controlling interest (20,521)                 (20,521)
Net (loss) income $ 29,942           28,735     1,207
Ending balance (in shares) at Sep. 30, 2023   34,234,546 18,000,000 34,234,546 18,000,000          
Treasury stock, ending balance (in shares) at Sep. 30, 2023 2,101,795               2,101,795  
Ending balance at Sep. 30, 2023 $ 899,126     $ 3 $ 2 321,821 562,203 (3,735) $ (11,788) 30,620
Redeemable non-controlling interests, beginning balance at Jun. 30, 2023 47,994                  
Redeemable Non-controlling Interests                    
Distributions to redeemable non-controlling interests (159)                  
Accretion of tax equity financing fees 26                  
Net income (586)                  
Redeemable non-controlling interests, ending balance at Sep. 30, 2023 47,275                  
Beginning balance (in shares) at Jun. 30, 2023       34,200,610 18,000,000          
Treasury stock, beginning balance (in shares) at Jun. 30, 2023                 2,101,795  
Beginning balance at Jun. 30, 2023 873,983     $ 3 $ 2 317,228 540,964 (2,884) $ (11,788) 30,458
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercise of stock options (in shares)       22,150            
Exercise of stock options 274         274        
Stock-based compensation expense 4,319         4,319        
Restricted stock units released (in shares)       11,786            
Unrealized gain from interest rate hedges, net 764             764    
Foreign currency translation adjustment (1,651)             (1,615)   (36)
Accretion of tax equity financing fees (26)           (26)      
Contributions from non-controlling interests 35                 35
Net (loss) income $ 21,428           21,265     163
Ending balance (in shares) at Sep. 30, 2023   34,234,546 18,000,000 34,234,546 18,000,000          
Treasury stock, ending balance (in shares) at Sep. 30, 2023 2,101,795               2,101,795  
Ending balance at Sep. 30, 2023 $ 899,126     $ 3 $ 2 $ 321,821 $ 562,203 $ (3,735) $ (11,788) $ 30,620