v3.25.4
Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
(Accumulated Deficit) Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Balance at Dec. 31, 2022 $ 754,776 $ 1,179 $ 778,121 $ (45,716) $ 21,192  
Balance, shares at Dec. 31, 2022   117,860,839        
Net loss [1] (154,603)     (154,538)   $ (65)
Other comprehensive income (loss), net of tax (8,648)       (8,648)  
Share-based compensation 3,917   3,917      
Shares issued under share-based compensation plan, including tax effects 598 $ 1 597      
Shares issued under share-based compensation plan, including tax effects, shares   77,870        
Repurchase of stock options (10,000)   (10,000)      
Investment in noncontrolling interest 670     (65)   735
Repurchase of shares of common stock (1,300) $ (1) (1,299)      
Repurchase of shares of common stock, Shares   (81,654)        
Balance at Dec. 31, 2023 585,410 $ 1,179 771,336 (200,319) 12,544 670
Balance, shares at Dec. 31, 2023   117,857,055        
Net loss [1] (18,732)     (18,062)   (670)
Other comprehensive income (loss), net of tax (11,126)       (11,126)  
Share-based compensation 69,174   69,174      
Exercise of stock options 1,535 $ 2 1,533      
Exercise of stock options, shares   234,608        
Issuance of common stock for settlement of RSUs   $ 2 (2)      
Issuance of common stock for settlement of RSUs, shares   241,971        
Tax effect of net share settlement of equity awards (1,196) $ (1) (1,195)      
Tax effect of net share settlement of equity awards, Shares   (93,678)        
Shares issued for payment of acquisition 31,081 $ 26 31,055      
Shares issued for payment of acquisition, shares   2,570,503        
Derecognition of redeemable noncontrolling interest, net of tax 8,665   12,439 (3,774)    
Issuance of common stock on initial public offering, net [2] 661,777 $ 533 661,244      
Issuance of common stock on initial public offering, net, shares [2]   53,333,334        
Proceeds from stock purchase contract issued under tangible equity units, net [3] 321,611   321,611      
Other (344) $ 1 (345)      
Other, shares   102,197        
Balance at Dec. 31, 2024 1,647,855 $ 1,742 1,866,850 (222,155) 1,418  
Balance, shares at Dec. 31, 2024   174,245,990        
Net loss [1] 190,256     190,666   (410)
Other comprehensive income (loss), net of tax (8,109)       (8,109)  
Share-based compensation 70,099   70,099      
Exercise of stock options 25,281 $ 34 25,247      
Exercise of stock options, shares   3,402,905        
Issuance of common stock for settlement of RSUs   $ 19 (19)      
Issuance of common stock for settlement of RSUs, shares   1,948,306        
Tax effect of net share settlement of equity awards (7,554) $ (3) (7,551)      
Tax effect of net share settlement of equity awards, Shares   (323,293)        
Conversion of tangible equity units into common stock, Shares   14,350,217        
Conversion of tangible equity units into common stock   $ 144 (144)      
Repurchase of shares of common stock (43,173) $ (15)   (43,158)    
Repurchase of shares of common stock, Shares   (1,500,000)        
Other 484         484
Balance at Dec. 31, 2025 $ 1,875,139 $ 1,921 $ 1,954,482 $ (74,647) $ (6,691) $ 74
Balance, shares at Dec. 31, 2025   192,124,125        
[1] Net income (loss) to the Company for the years ended December 31, 2025, 2024, and 2023 excludes $(1,143), $(1,789), and $(2,167), respectively, allocable to the redeemable noncontrolling interests for our joint venture arrangements.
[2] Issuance of common stock on initial public offering is presented net of underwriting discounts and commissions, and offering-related expenses of $36.8 million and tax benefit of $5.3 million.
[3] Proceeds from stock purchase contract issued under tangible equity units is presented net of underwriting discounts and commissions of $9.1 million.