2024 Q1 Form 10-K Financial Statement

#000179602224000041 Filed on May 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024
Revenue $357.9M $711.6M
YoY Change 104.1% -1153.11%
Cost Of Revenue $11.42M $37.69M
YoY Change -10.46% -52.8%
Gross Profit $346.4M $680.5M
YoY Change 113.09% -553.87%
Gross Profit Margin 96.81% 95.62%
Selling, General & Admin $132.4M $455.1M
YoY Change 15.16% 6.59%
% of Gross Profit 38.2% 66.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.45M $47.59M
YoY Change -5.64% 0.31%
% of Gross Profit 3.3% 6.99%
Operating Expenses $257.9M $502.3M
YoY Change 53.08% 63.1%
Operating Profit $88.58M $178.2M
YoY Change -1609.3% -138.92%
Interest Expense $7.142M $9.331M
YoY Change -89.65% 122.75%
% of Operating Profit 8.06% 5.24%
Other Income/Expense, Net -$1.308M $23.63M
YoY Change -129.86% -157.68%
Pretax Income $94.52M $195.4M
YoY Change 40.01% -571.36%
Income Tax $11.97M $27.58M
% Of Pretax Income 12.67% 14.11%
Net Earnings $30.82M $58.09M
YoY Change 7.02% -415.75%
Net Earnings / Revenue 8.61% 8.16%
Basic Earnings Per Share $0.91
Diluted Earnings Per Share $0.45 $0.91
COMMON SHARES
Basic Shares Outstanding 63.49M shares
Diluted Shares Outstanding 66.54M shares

Balance Sheet

Concept 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $181.6M $181.6M
YoY Change 41.25% 41.25%
Cash & Equivalents $182.3M $181.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $56.77M $56.77M
Other Receivables $2.053B $2.053B
Total Short-Term Assets $2.291B $2.291B
YoY Change 2.97% 2.97%
LONG-TERM ASSETS
Property, Plant & Equipment $29.56M $127.3M
YoY Change 86.59% 25.9%
Goodwill $580.5M
YoY Change 0.0%
Intangibles $304.9M
YoY Change -14.03%
Long-Term Investments $2.120B $266.9M
YoY Change 0.34% 83.08%
Other Assets $185.2M $185.2M
YoY Change 308.78% 308.78%
Total Long-Term Assets $1.498B $1.498B
YoY Change 17.72% 17.72%
TOTAL ASSETS
Total Short-Term Assets $2.291B $2.291B
Total Long-Term Assets $1.498B $1.498B
Total Assets $3.789B $3.789B
YoY Change 8.33% 8.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $96.42M $96.42M
YoY Change 7.85% 7.85%
Accrued Expenses $1.425B $1.425B
YoY Change -1.76% -1.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.734B $1.734B
YoY Change -0.63% -0.63%
LONG-TERM LIABILITIES
Long-Term Debt $148.8M $148.8M
YoY Change 51.32% 51.32%
Other Long-Term Liabilities $32.65M $32.65M
YoY Change 5667.67% 5667.67%
Total Long-Term Liabilities $181.5M $181.5M
YoY Change 83.45% 83.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.734B $1.734B
Total Long-Term Liabilities $181.5M $181.5M
Total Liabilities $1.916B $3.464B
YoY Change 3.88% 27.09%
SHAREHOLDERS EQUITY
Retained Earnings $13.77M
YoY Change -91.42%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $324.5M $324.5M
YoY Change
Total Liabilities & Shareholders Equity $3.789B $3.789B
YoY Change 8.33% 8.33%

Cashflow Statement

Concept 2024 Q1 2024
OPERATING ACTIVITIES
Net Income $30.82M $58.09M
YoY Change 7.02% -415.75%
Depreciation, Depletion And Amortization $11.45M $47.59M
YoY Change -5.64% 0.31%
Cash From Operating Activities $7.629M $161.5M
YoY Change -1578.49% 6.84%
INVESTING ACTIVITIES
Capital Expenditures $915.0K $19.61M
YoY Change -63.08% 248.44%
Acquisitions $0.00
YoY Change
Other Investing Activities -$8.168M $0.00
YoY Change 66.12% -100.0%
Cash From Investing Activities -$9.083M -$47.35M
YoY Change 22.83% 53.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.259M -$57.98M
YoY Change -374.83% -46.33%
NET CHANGE
Cash From Operating Activities 7.629M $161.5M
Cash From Investing Activities -9.083M -$47.35M
Cash From Financing Activities 9.259M -$57.98M
Net Change In Cash 7.805M $52.80M
YoY Change -169.19% 337.48%
FREE CASH FLOW
Cash From Operating Activities $7.629M $161.5M
Capital Expenditures $915.0K $19.61M
Free Cash Flow $6.714M $141.9M
YoY Change -324.25% -2.5%

Facts In Submission

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CY2024 step Increase Decrease In Lease Right Of Use Assets Net Of Lease Liabilities
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CY2023 step Increase Decrease In Lease Right Of Use Assets Net Of Lease Liabilities
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2023 step Payments To Related Parties Tax Receivable Agreements
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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InterestPaidNet
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InterestPaidNet
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IncomeTaxesPaid
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CY2024 step Dividends Incurred But Not Yet Paid
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DividendsIncurredButNotYetPaid
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CY2022 step Dividends Incurred But Not Yet Paid
DividendsIncurredButNotYetPaid
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CY2023 step Deferred Tax Effect From Exchange Of Units Net
DeferredTaxEffectFromExchangeOfUnitsNet
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CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2024 step Remeasurement Of Lease Liabilities
RemeasurementOfLeaseLiabilities
0 usd
CY2023 step Remeasurement Of Lease Liabilities
RemeasurementOfLeaseLiabilities
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CY2022 step Remeasurement Of Lease Liabilities
RemeasurementOfLeaseLiabilities
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CY2024 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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CY2023 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0 usd
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NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0 usd
CY2024 step Stock Issued For Acquisitions
StockIssuedForAcquisitions
0 usd
CY2023 step Stock Issued For Acquisitions
StockIssuedForAcquisitions
0 usd
CY2022 step Stock Issued For Acquisitions
StockIssuedForAcquisitions
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CY2024 step Partnership Units Issued For Acquisition
PartnershipUnitsIssuedForAcquisition
0 usd
CY2023 step Partnership Units Issued For Acquisition
PartnershipUnitsIssuedForAcquisition
0 usd
CY2022 step Partnership Units Issued For Acquisition
PartnershipUnitsIssuedForAcquisition
135239000 usd
CY2024 step Reclassifications Of Permanent Equity To Temporary Equity And Adjustment To Redemption Value
ReclassificationsOfPermanentEquityToTemporaryEquityAndAdjustmentToRedemptionValue
1086492000 usd
CY2023 step Reclassifications Of Permanent Equity To Temporary Equity And Adjustment To Redemption Value
ReclassificationsOfPermanentEquityToTemporaryEquityAndAdjustmentToRedemptionValue
0 usd
CY2022 step Reclassifications Of Permanent Equity To Temporary Equity And Adjustment To Redemption Value
ReclassificationsOfPermanentEquityToTemporaryEquityAndAdjustmentToRedemptionValue
0 usd
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
718000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
955000 usd
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
1063000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
182312000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129517000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117449000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Management’s estimates and assumptions are based on historical experience and other factors, and these estimates and assumptions require management to exercise judgment in the process of applying the Company’s accounting policies. Factors that may affect or influence management’s estimates and assumptions could include expectations related to future events that management has deemed reasonable under the circumstances. Assumptions and estimates related to the valuation of investments, which directly affect carried interest allocations, carried interest related compensation, and the carrying amount of the Company’s equity in affiliated companies, involve a higher degree of judgment and complexity, and these assumptions and estimates may significantly affect the consolidated financial statements. Actual results could differ from these estimates and those differences may be material.</span></div>
CY2024 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Accounting for Differing Fiscal Periods</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The StepStone Funds primarily have a fiscal year end as of December 31. The Company accounts for its investments in the StepStone Funds on a three-month lag due to the timing of receipt of financial information from the investments held by the StepStone Funds. The StepStone Funds primarily invest in private markets funds that generally require at least 90 days following the calendar year end to provide audited financial statements. As a result, the Company uses the December 31 audited financial statements of the StepStone Funds, which reflect the underlying private markets funds as of December 31, to record its investments (including any carried interest allocated by those investments) for its fiscal year-end consolidated financial statements as of March 31. The Company further adjusts the reported carrying values of its investments in the StepStone Funds for its share of capital contributions to and distributions from the StepStone Funds during the three-month lag period.</span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company does not account for management and advisory fees or incentive fees on a three-month lag.</span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">To the extent that management becomes aware of any material events that affect the StepStone Funds during the three-month lag period, the effect of the events would be disclosed in the notes to the consolidated financial statements.</span></div>
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2024 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2325000 usd
CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
3000 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
CY2024 step Legacy Investment Income
LegacyInvestmentIncome
-9087000 usd
CY2023 step Legacy Investment Income
LegacyInvestmentIncome
-44075000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1400000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1600000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1100000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 step Revenue From Contract With Customer Incentive Fees As Percentage Of Net Investment Income
RevenueFromContractWithCustomerIncentiveFeesAsPercentageOfNetInvestmentIncome
0.15
CY2022 step Legacy Investment Income
LegacyInvestmentIncome
32586000 usd
CY2024 step Revenue Not From Contract With Customer Income Loss From Equity Method Investments And Investment Income
RevenueNotFromContractWithCustomerIncomeLossFromEquityMethodInvestmentsAndInvestmentIncome
99517000 usd
CY2023 step Revenue Not From Contract With Customer Income Loss From Equity Method Investments And Investment Income
RevenueNotFromContractWithCustomerIncomeLossFromEquityMethodInvestmentsAndInvestmentIncome
-621000000 usd
CY2022 step Revenue Not From Contract With Customer Income Loss From Equity Method Investments And Investment Income
RevenueNotFromContractWithCustomerIncomeLossFromEquityMethodInvestmentsAndInvestmentIncome
1032421000 usd
CY2024 step Revenue Carried Interest Allocation Employee Compensation Percentage
RevenueCarriedInterestAllocationEmployeeCompensationPercentage
0.50
CY2024 step Incremental Net Cash Tax Savings Due To Exchanging Limited Partners Percent
IncrementalNetCashTaxSavingsDueToExchangingLimitedPartnersPercent
0.85
CY2024 step Incremental Net Cash Tax Savings Due To Exchanging Limited Partners Benefit Retained Percent
IncrementalNetCashTaxSavingsDueToExchangingLimitedPartnersBenefitRetainedPercent
0.15
CY2024Q1 step Investments Of Consolidated Funds
InvestmentsOfConsolidatedFunds
131858000 usd
CY2023Q1 step Investments Of Consolidated Funds
InvestmentsOfConsolidatedFunds
30595000 usd
CY2024Q1 step Investments Of Consolidated Funds Percent Of Total Investments
InvestmentsOfConsolidatedFundsPercentOfTotalInvestments
1
CY2023Q1 step Investments Of Consolidated Funds Percent Of Total Investments
InvestmentsOfConsolidatedFundsPercentOfTotalInvestments
1
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk or other risks consist principally of cash, cash equivalents, restricted cash, investments and fees receivable. The majority of the Company’s cash, cash equivalents and restricted cash is held in large, high credit quality financial institutions. Substantially all cash amounts on deposit with these large financial institutions exceeded federally insured limits at March 31, 2024 and 2023. The Company actively monitors its banking relationships and periodically performs an assessment of the financial condition and the reputations of these financial institutions. Based on these results, management believes that the Company’s exposure to credit risk is remote. The concentration of credit risk related to fees receivable is generally reduced by the relatively short payment terms extended to the Company’s clients.</span></div><div style="margin-bottom:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Amounts due to the Company in the form of carried interest allocations, which are reported as a component of investments in the consolidated balance sheets, remain subject to investment performance risk. In certain cases, carried interest allocations that have been distributed to the Company may remain subject to clawback, pursuant to the terms of the governing documents of the related funds. Refer to the discussion of carried interest above in this note 2 for additional details regarding the investment performance and clawback risk associated with carried interest allocations that have been recognized in income by the Company and/or recorded as accrued carried interest allocations in the consolidated balance sheets.</span></div>
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
31000000 usd
CY2024 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3600000 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7452000 usd
CY2024 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
26147000 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
9312000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
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0 usd
CY2024 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
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0 usd
CY2024 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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0 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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0 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39261000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
28717000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9703000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12876000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29558000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15841000 usd
CY2024 us-gaap Depreciation
Depreciation
5200000 usd
CY2023 us-gaap Depreciation
Depreciation
4000000 usd
CY2022 us-gaap Depreciation
Depreciation
2500000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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143779000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
103544000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
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304873000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
354645000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42400000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43500000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24500000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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41001000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
40810000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
40776000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
40759000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
40759000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
100768000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
304873000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
580500000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
580500000 usd
CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
150000000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
100000000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1178000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1649000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
148822000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
98351000 usd
CY2024Q1 step Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVested
2416849 shares
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
40900000 usd
CY2024 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y3M18D
CY2024 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4500000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1800000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7400000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
127311000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-102560000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
471247000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
68085000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
61106000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
41334000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
195396000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-41454000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
512581000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
7395000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6933000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13340000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1650000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1726000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2714000 usd
CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9349000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7653000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6383000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
18394000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
16312000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22437000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8815000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-10570000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4897000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
295000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1921000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
966000 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
72000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9182000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12491000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5863000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27576000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3821000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28300000 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
44005000 usd
CY2024 step Increase Decrease In Deferred Tax Assets Remeasurement Of Non Controlling Interest In Subsidiaries
IncreaseDecreaseInDeferredTaxAssetsRemeasurementOfNonControllingInterestInSubsidiaries
133700000 usd
CY2024 step Increase Decrease In Deferred Tax Assets Exchange Of Partnership Units For Common Stock
IncreaseDecreaseInDeferredTaxAssetsExchangeOfPartnershipUnitsForCommonStock
15200000 usd
CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1300000 usd
CY2024 step Increase Decrease In Due To Related Parties Tax Receivable Agreements
IncreaseDecreaseInDueToRelatedPartiesTaxReceivableAgreements
17400000 usd
CY2024 step Incremental Net Cash Tax Savings Due To Exchanging Limited Partners Percent
IncrementalNetCashTaxSavingsDueToExchangingLimitedPartnersPercent
0.85
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.011
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2024 step Effective Income Tax Rate Reconciliation Income Passed Through To Limited Partners Percent
EffectiveIncomeTaxRateReconciliationIncomePassedThroughToLimitedPartnersPercent
0.118
CY2023 step Effective Income Tax Rate Reconciliation Income Passed Through To Limited Partners Percent
EffectiveIncomeTaxRateReconciliationIncomePassedThroughToLimitedPartnersPercent
0.136
CY2022 step Effective Income Tax Rate Reconciliation Income Passed Through To Limited Partners Percent
EffectiveIncomeTaxRateReconciliationIncomePassedThroughToLimitedPartnersPercent
0.119
CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.048
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.185
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.012
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.047
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.053
CY2024 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.003
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.037
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.001
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.141
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.092
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.055
CY2024Q1 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
195426000 usd
CY2023Q1 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
54941000 usd
CY2024Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2682000 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1769000 usd
CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
198108000 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
56710000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13596000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12352000 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
184512000 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
44358000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
158000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
353000 usd
CY2024Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
184354000 usd
CY2022 step Payments To Related Parties Tax Receivable Agreements
PaymentsToRelatedPartiesTaxReceivableAgreements
800000 usd
CY2024Q1 step Due To Related Parties Tax Receivable Agreements
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206800000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13600000 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13422000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 step Adjustments To Additional Paid In Capital Increase In Deferred Tax Assets Valuation Allowance
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905000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12352000 usd
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1210000 usd
CY2024 step Adjustments To Additional Paid In Capital Decrease In Deferred Tax Assets Valuation Allowance
AdjustmentsToAdditionalPaidInCapitalDecreaseInDeferredTaxAssetsValuationAllowance
0 usd
CY2024 step Adjustments To Additional Paid In Capital Increase In Deferred Tax Assets Valuation Allowance
AdjustmentsToAdditionalPaidInCapitalIncreaseInDeferredTaxAssetsValuationAllowance
2454000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13596000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
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0 usd
CY2024Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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0 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
58091000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-18398000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
193885000 usd
CY2024 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
60744000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-18398000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
205617000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63489135 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61884671 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49833760 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66544038 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61884671 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53600250 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.89
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.84
CY2024Q1 us-gaap Other Receivables
OtherReceivables
67531000 usd
CY2023Q1 us-gaap Other Receivables
OtherReceivables
54322000 usd
CY2024Q1 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
212918000 usd
CY2023Q1 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
205424000 usd
CY2024 step Payments To Related Parties Tax Receivable Agreements
PaymentsToRelatedPartiesTaxReceivableAgreements
10300000 usd
CY2023 step Payments To Related Parties Tax Receivable Agreements
PaymentsToRelatedPartiesTaxReceivableAgreements
6000000 usd
CY2022 step Payments To Related Parties Tax Receivable Agreements
PaymentsToRelatedPartiesTaxReceivableAgreements
800000 usd
CY2024Q1 step Number Of Classes Of Common Stock Outstanding
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2 classofstock
CY2024Q1 us-gaap Preferred Stock Shares Authorized
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25000000 shares
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q1 step Transaction Agreement Number Of Annual Exchanges
TransactionAgreementNumberOfAnnualExchanges
10 exchange
CY2024Q1 step Transaction Agreement Number Of Additional Annual Exchanges
TransactionAgreementNumberOfAdditionalAnnualExchanges
15 exchange
CY2024Q1 step Stockholders Equity Transaction Agreements Shares Available For Issuance As Consideration
StockholdersEquityTransactionAgreementsSharesAvailableForIssuanceAsConsideration
75000000 shares
CY2024Q1 step Stockholders Equity Transaction Agreement Annual Portion Of Equity Interests To Be Exchanged
StockholdersEquityTransactionAgreementAnnualPortionOfEquityInterestsToBeExchanged
0.05
CY2024Q1 step Transaction Agreement Number Of Annual Exchanges
TransactionAgreementNumberOfAnnualExchanges
9 exchange
CY2024Q1 step Transaction Agreement Number Of Additional Annual Exchanges
TransactionAgreementNumberOfAdditionalAnnualExchanges
14 exchange
CY2024Q1 step Transaction Agreement Notification Period
TransactionAgreementNotificationPeriod
P10D
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
CY2021Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.44
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.80
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2024 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.08
CY2022 step Business Acquisition Pro Forma Revenue And Unrealized Gains Losses
BusinessAcquisitionProFormaRevenueAndUnrealizedGainsLosses
1866986000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
168653000 usd
CY2024 step Lessee Operating Lease Number Of Cities
LesseeOperatingLeaseNumberOfCities
27 city
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
15578000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
10983000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
11098000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
459000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
1375000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
957000 usd
CY2024 us-gaap Sublease Income
SubleaseIncome
1851000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
1778000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
1679000 usd
CY2024 us-gaap Lease Cost
LeaseCost
14186000 usd
CY2023 us-gaap Lease Cost
LeaseCost
10580000 usd
CY2022 us-gaap Lease Cost
LeaseCost
10376000 usd
CY2024 step Gain Loss On Remeasurement Of Lease Liabilities
GainLossOnRemeasurementOfLeaseLiabilities
100000 usd
CY2023 step Gain Loss On Remeasurement Of Lease Liabilities
GainLossOnRemeasurementOfLeaseLiabilities
2700000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
12650000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
10613000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
10319000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y4M24D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y8M12D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.027
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15371000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16504000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15192000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13106000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
15073000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
84534000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
159780000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
40041000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
119739000 usd
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
115700000 usd
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
88700000 usd
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
115700000 usd
CY2023Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
88700000 usd
CY2024Q1 step Equity Method Investment Carried Interest Allocations Maximum Amount Subject To Contingent Repayment
EquityMethodInvestmentCarriedInterestAllocationsMaximumAmountSubjectToContingentRepayment
287500000 usd
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6000000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4600000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4300000 usd
CY2024Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
32400000 usd
CY2023Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
27400000 usd
CY2024Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-2600000 usd
CY2023Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-2800000 usd
CY2024 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1000000 usd
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
500000 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1100000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024 ecd Insider Trd Policies Proc Adopted Flag
InsiderTrdPoliciesProcAdoptedFlag
true

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