Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Mezzanine Equity and Stockholders'/ Members' Equity (Unaudited)

v3.24.0.1
Consolidated Statements of Mezzanine Equity and Stockholders'/ Members' Equity (Unaudited) - USD ($)
$ in Thousands
Total
RSG LLC [Member]
New LLC [Member]
Prior to the Organizational Transactions [Member]
New LLC [Member]
IPO [Member]
Organizational Transaction [Member]
Subsequent to Organizational Transactions [Member]
Common Class A [Member]
Common Class A [Member]
IPO [Member]
Common Class A [Member]
Organizational Transaction [Member]
Common Class B [Member]
Common Class B [Member]
Organizational Transaction [Member]
Common Class X [Member]
Mezzanine Equity [Member]
Mezzanine Equity [Member]
New LLC [Member]
Mezzanine Equity [Member]
Organizational Transaction [Member]
Member Interest [Member]
Member Interest [Member]
New LLC [Member]
Member Interest [Member]
Prior to the Organizational Transactions [Member]
New LLC [Member]
Member Interest [Member]
IPO [Member]
Member Interest [Member]
Organizational Transaction [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
IPO [Member]
Additional Paid-in Capital [Member]
Organizational Transaction [Member]
Additional Paid-in Capital [Member]
Common Class B [Member]
Accumulated Deficit [Member]
Accumulated Deficit [Member]
Subsequent to Organizational Transactions [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
RSG LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
New LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Organizational Transaction [Member]
Non-controlling Interests [Member]
Non-controlling Interests [Member]
Prior to the Organizational Transactions [Member]
New LLC [Member]
Non-controlling Interests [Member]
IPO [Member]
Non-controlling Interests [Member]
Organizational Transaction [Member]
Non-controlling Interests [Member]
Subsequent to Organizational Transactions [Member]
Common Stock [Member]
Common Class A [Member]
Common Stock [Member]
Common Class B [Member]
Common Stock [Member]
Common Class X [Member]
Beginning Balance at Dec. 31, 2020 $ 71,090                               $ 67,088                     $ 2,702       $ 1,300              
Beginning balance , Mezzanine Equity at Dec. 31, 2020                           $ 239,635                                                  
Net income attributable to the LLC before the Organizational Transactions     $ 72,937 $ 75,387                             $ 72,937                                        
Net income 56,632           $ (18,755)                                                   $ 2,450            
Foreign currency translation adjustments 444                                                     444                      
Unpaid Preferred Return On Mezzanine Equity (1,728)                               (1,728)                                            
Equity-based compensation 8,457         $ 46,392                     8,457             $ 42,846                     $ 3,546        
Related party acquisition (48,368)                               (44,618)                             (3,750)              
Accumulation of preferred dividends (% return) (5,663)                               (5,663)                                            
Members Tax Distributions (23,757)                               (23,757)                                            
Repurchases of Class A units (4,625)                               (4,625)                                            
Reclassification from preferred units to repurchase (75,012)                               (75,012)                                            
Change in share of equity method investment in related party other comprehensive income (loss) (302) $ (738)                                                   (129) $ (738)     (173)              
Accretion of premium on Mezzanine Equity (20,365)                         20,365     (20,365)                                            
Effect or equity prior to the organizational transactions     (24,878)     (843,962)       $ 45   $ 149     $ 260,000 $ (260,000)   $ (27,286)     $ 27,286     $ (1,142,998)           $ 2,408         271,556        
Effect or equity prior to the organizational transactions, Shares                   44,447,847   149,162,107                                                      
Exchange of LLC equity for common stock                 $ 32                     $ (29,675)     $ 59,318                     $ (29,675)          
Exchange of common units for common stock, shares                 31,992,135                                                            
Stock Repurchased and Retired During Period, Value         $ (183,616)       $ (8)                           (183,608)                                
Stock Repurchased and Retired During Period, Shares                 (8,224,708)                                                            
Impact Of IPO Alternative TRA Payments (761,706)                               (29,047)         $ 29,047                   (761,706)              
Equity Grant Modification Alternative TRA Payments (6,312)                                         (18,645)                   12,333              
Issuance of common stock, shares               9,634 65,456,020   149,162,107                                                        
Forfeiture of common stock, shares               (18,953)                                                              
Issuance of common stock 1,448,098               $ 65   $ 149                       $ 1,448,033   $ (149)                            
Preferred Blocker Merger                           $ (260,000)               343,515                   (343,515)              
Tax Receivable Agreement Shares Issued                         (640,784)                                                    
Deferred Tax Assets, Investment In RGS LLC 61,143                                         61,143                                  
Members Equity Reclassification                                 157,882         (1,627,480)                   1,469,598              
Distributions declared - tax advances (11,155)                                                             11,155              
Common Blocker Merger Value               $ 53                 $ (71,874)         147,331                   (75,479)         $ 21   $ 1
Common Blocker Merger Shares Issued               20,680,420         640,784                                                    
Tax Receivable Agreement Liability And Deferred Taxes Arising From LLC interest Ownership Exchanges 984                                         984                                  
Tax Receivable Agreement (282,471)                       $ (1)                 (282,470)                                  
Deferred Tax Assets, Exchanges Of LLC Units 329,000                                         329,000                                  
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax           $ (1,645)                                                 $ (565)       $ (1,080)        
Net Income (Loss) 65,873                                                   $ (7,064)                        
Net Income (Loss) Attributable to Noncontrolling Interest (9,241)                                                                     $ (11,691)      
Ending Balance at Dec. 31, 2021 594,777                                         348,865       $ (7,064)   1,714       251,003         $ 110 $ 149  
Balance Ending at Dec. 31, 2021               109,894,548     149,162,107                                                   109,894,548 149,162,107  
Other Comprehensive Income (2,241)                                                                            
Net income attributable to the LLC before the Organizational Transactions     0                                                                        
Net income 163,257                                                 61,052           102,205              
Foreign currency translation adjustments (4,684)                                                     (1,670)       (3,014)              
Equity-based compensation 77,480                                         61,051                   16,429              
Change in share of equity method investment in related party other comprehensive income (loss) 5,774                                                     2,074       3,700              
Exchange of LLC equity for common stock                                           8,937                   (8,937)         $ 2 $ (2)  
Exchange of common units for common stock, shares                                                                         1,968,793 (1,965,688)  
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (1,501)                                         (1,501)                                  
Issuance of common stock, shares                                                                         599,559 17,856  
Forfeiture of common stock, shares                                                                         (25,075)    
Forfeiture of common stock (1)                                                                       $ (1)    
Issuance of common stock 772                                         771                             1    
Distributions declared - tax advances (28,728)                                                             (28,728)              
Common Blocker Merger Value               $ 0                                                              
Net Income (Loss) 61,052                                                                            
Net Income (Loss) Attributable to Noncontrolling Interest 102,205                                                                            
Gain (Loss) on interest rate cap, net 22,214                                                     8,065       14,149              
Ending Balance at Dec. 31, 2022 817,812                                         418,123       53,988   6,035       339,407         $ 112 $ 147  
Balance Ending at Dec. 31, 2022                                                                         112,437,825 147,214,275  
Other Comprehensive Income 11,756                                                                            
Net income attributable to the LLC before the Organizational Transactions     $ 0                                                                        
Net income 194,480                                                 61,037           133,443              
Foreign currency translation adjustments 2,125                                                     825       1,300              
Equity-based compensation 69,743                                         53,073                   16,670              
Change in share of equity method investment in related party other comprehensive income (loss) 973                                                     416       557              
Exchange of LLC equity for common stock                                           10,452                   (10,452)         $ 6 $ (6)  
Exchange of common units for common stock, shares                                                                         5,662,596 (5,655,539)  
Tax Receivable Agreement liability and deferred taxes arising from LLC interest ownership changes (22,436)                                         (41,342)                   18,906              
Issuance of common stock, shares                                                                         546,045 62,452  
Issuance of common stock 2,696                                         1,227                   1,467         $ 1 $ 1  
Equity awards withheld for settlement of employee tax obligations (975)                                                             (975)              
Distributions declared - tax advances (74,554)                                                             (74,554)              
Common Blocker Merger Value               $ 0                                                              
Forfeiture and retirement of common stock                                                                         (53,404)    
Forfeiture and retirement of common stock (141)                                         464       (605)                          
Net Income (Loss) 61,037                                                                            
Net Income (Loss) Attributable to Noncontrolling Interest 133,443                                                                            
Gain (Loss) on interest rate cap, net (8,133)                                                     (3,368)       (4,765)              
Ending Balance at Dec. 31, 2023 979,644                                         $ 441,997       $ 114,420   $ 3,076       $ 419,890         $ 119 $ 142  
Balance Ending at Dec. 31, 2023                                                                         118,593,062 141,621,188  
Other Comprehensive Income $ (6,981)