Annual report [Section 13 and 15(d), not S-K Item 405]

Organization and Description of Business (Tables)

v3.25.4
Organization and Description of Business (Tables)
12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Redeemable Noncontrolling Interests

Activity related to the redeemable noncontrolling interest is as follows:

 

 

Redeemable Noncontrolling Interests

 

Balance, December 31, 2022

 

$

2,462.9

 

Class A shares issued in acquisitions

 

 

9.5

 

Net income

 

 

41.8

 

Stock-based compensation

 

 

2.0

 

Stock-based compensation related to deemed contribution

 

 

7.3

 

Foreign currency translation adjustments

 

 

0.1

 

Adjustment of redeemable noncontrolling interest to redemption amount (1)

 

 

(1,210.3

)

Conversion of Class B common stock to Class A common stock

 

 

(1,313.3

)

Balance, December 31, 2023

 

$

 

 

(1)
Based on 104.2 million shares of Class B common stock outstanding and the 10-day volume-weighted average price (“VWAP”) of Class A common stock of $12.60 at April 7, 2023.