Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
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 Interests
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          
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)       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 interests 15,186                 15,186
Net income 49,600           49,600      
Ending balance (in shares) at Jun. 30, 2022       33,833,893 18,000,000          
Treasury stock, ending balance (in shares) at Jun. 30, 2022                 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 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 interests 8,851                 8,851
Net income 32,216           32,216      
Ending balance (in shares) at Jun. 30, 2022       33,833,893 18,000,000          
Treasury stock, ending balance (in shares) at Jun. 30, 2022                 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 Dec. 31, 2022 46,623                  
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Distributions to redeemable non-controlling interests (335)                  
Accretion of tax equity financing fees 55                  
Investment fund call option exercise 195                  
Net income 1,456                  
Redeemable non-controlling interests, ending balance at Jun. 30, 2023 $ 47,994                  
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)       216,600            
Exercise of stock options 2,093         2,093        
Stock-based compensation expense 7,999         7,999        
Employee stock purchase plan (in shares)       24,833            
Employee stock purchase plan 1,017         1,017        
Restricted stock units released (in shares)       10,815            
Unrealized gain (loss) from interest rate hedges, net (48)             (48)    
Foreign currency translation adjustment 1,226             1,215   11
Accretion of tax equity financing fees (55)           (55)      
Investment fund call option exercise (195)         (195)        
Contributions from non-controlling interests 922                 922
Distributions to non-controlling interest (20,521)                 (20,521)
Net income $ 8,514           7,470     1,044
Ending balance (in shares) at Jun. 30, 2023   34,200,610 18,000,000 34,200,610 18,000,000          
Treasury stock, ending balance (in shares) at Jun. 30, 2023 2,101,795               2,101,795  
Ending balance at Jun. 30, 2023 $ 873,983     $ 3 $ 2 317,228 540,964 (2,884) $ (11,788) 30,458
Redeemable non-controlling interests, beginning balance at Mar. 31, 2023 46,700                  
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Distributions to redeemable non-controlling interests (157)                  
Accretion of tax equity financing fees 28                  
Net income 1,423                  
Redeemable non-controlling interests, ending balance at Jun. 30, 2023 47,994                  
Beginning balance (in shares) at Mar. 31, 2023       34,030,362 18,000,000          
Treasury stock, beginning balance (in shares) at Mar. 31, 2023                 2,101,795  
Beginning balance at Mar. 31, 2023 894,772     $ 3 $ 2 310,726 534,624 (4,645) $ (11,788) 65,850
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercise of stock options (in shares)       134,600            
Exercise of stock options 1,523         1,523        
Stock-based compensation expense 3,962         3,962        
Employee stock purchase plan (in shares)       24,833            
Employee stock purchase plan 1,017         1,017        
Restricted stock units released (in shares)       10,815            
Unrealized gain (loss) from interest rate hedges, net 820             820    
Foreign currency translation adjustment 943             941   2
Accretion of tax equity financing fees (28)           (28)      
Contributions from non-controlling interests 812                 812
Distributions to non-controlling interest (36,828)                 (36,828)
Net income $ 6,990           6,368     622
Ending balance (in shares) at Jun. 30, 2023   34,200,610 18,000,000 34,200,610 18,000,000          
Treasury stock, ending balance (in shares) at Jun. 30, 2023 2,101,795               2,101,795  
Ending balance at Jun. 30, 2023 $ 873,983     $ 3 $ 2 $ 317,228 $ 540,964 $ (2,884) $ (11,788) $ 30,458