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Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Non-Controlling Interests in Subsidiaries
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interest
Non-Controlling Interests in Subsidiaries
Noncontrolling Interest
Non-Controlling Interests in Legacy Greenspring Entities
Noncontrolling Interest
Non-Controlling Interests in the Partnership
Total stockholders' equity, beginning balance at Mar. 31, 2023 $ 1,628,787   $ 63 $ 46 $ 610,567 $ 160,430 $ 461 $ 36,380 $ 152,658 $ 668,182
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 102,695         47,494   19,245 (6,832) 42,788
Other comprehensive loss (445)           (132) (210)   (103)
Contributed capital 4,613             0 4,585 28
Equity-based compensation 9,322       5,075     296   3,951
Distributions (65,016)             (23,972) (6,156) (34,888)
Dividends declared (42,684)         (42,684)        
Exchange of Class B and Class C units for Class A common stock and redemption of corresponding Class B common stock 0   1   (1)          
Settlement of non-controlling interests related to awards of carried interest allocations 0                  
Vesting of Class B2 units and issuance of corresponding Class B common stock at par value (613)       (345)         (268)
Purchase of non-controlling interests   $ 0                
Sale of non-controlling interests 3,045       851     1,553   641
Equity reallocation between controlling and non-controlling interests 0       14,123   9 (2,898)   (11,234)
Deferred tax effect resulting from transactions affecting ownership in the Partnership, net of amounts payable under Tax Receivable Agreements [1] (1,293)       (1,293)          
Total stockholders' equity, ending balance at Sep. 30, 2023 1,638,411   64 46 628,977 165,240 338 30,394 144,255 669,097
Total stockholders' equity, beginning balance at Jun. 30, 2023 1,628,543   63 46 612,799 152,612 439 37,678 151,916 672,990
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 54,802         26,225   9,615 (3,966) 22,928
Other comprehensive loss (367)           (110) (171)   (86)
Contributed capital 2,007               2,007 0
Equity-based compensation 4,709       2,564     149   1,996
Distributions (38,849)             (15,532) (5,702) (17,615)
Dividends declared (13,597)         (13,597)        
Exchange of Class B and Class C units for Class A common stock and redemption of corresponding Class B common stock 0   1   (1)          
Vesting of Class B2 units and issuance of corresponding Class B common stock at par value (613)       (345)         (268)
Purchase of non-controlling interests   0                
Sale of non-controlling interests 3,045       851     1,553   641
Equity reallocation between controlling and non-controlling interests 0       14,378   9 (2,898)   (11,489)
Deferred tax effect resulting from transactions affecting ownership in the Partnership, net of amounts payable under Tax Receivable Agreements [1] (1,269)       (1,269)          
Total stockholders' equity, ending balance at Sep. 30, 2023 1,638,411   64 46 628,977 165,240 338 30,394 144,255 669,097
Total stockholders' equity, beginning balance at Mar. 31, 2024 1,654,591   66 45 310,293 13,768 304 974,559 147,042 208,514
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 88,318         30,960   35,740 (5,286) 26,904
Other comprehensive loss (207)           (68) (95)   (44)
Contributed capital 18,746               18,746  
Equity-based compensation 11,008       6,113     408   4,487
Distributions (88,073)             (31,148) (9,650) (47,275)
Dividends declared (40,736)         (40,736)        
Vesting of RSUs, net of shares withheld for employee taxes (1,123)   1   (673)         (451)
Class A common stock issued under ESPP 1,115       684         431
Exchange of Class B and Class C units for Class A common stock and redemption of corresponding Class B common stock (5)   6 (5) (6)          
Settlement of non-controlling interests related to awards of carried interest allocations 54,977             54,977    
Redemption of redeemable non-controlling interests in subsidiaries 97,383       55,879         41,504
Vesting of Class B2 units and issuance of corresponding Class B common stock at par value 3     3            
Purchase of non-controlling interests (5,398) (110,351)     (3,149)         (2,249)
Equity reallocation between controlling and non-controlling interests         26,096     (12,666)   (13,430)
Deferred tax effect resulting from transactions affecting ownership in the Partnership, net of amounts payable under Tax Receivable Agreements [2] (2,122)       (2,122)          
Total stockholders' equity, ending balance at Sep. 30, 2024 1,788,477   73 43 393,115 3,992 236 1,021,775 150,852 218,391
Total stockholders' equity, beginning balance at Jun. 30, 2024 1,790,983   68 46 363,529 2,995 297 1,027,558 147,536 248,954
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 46,306         17,632   19,125 (4,031) 13,580
Other comprehensive loss (185)           (61) (85)   (39)
Contributed capital 11,614               11,614  
Equity-based compensation 5,329       2,992     204   2,133
Distributions (52,576)             (23,281) (4,267) (25,028)
Dividends declared (16,635)         (16,635)        
Vesting of RSUs, net of shares withheld for employee taxes (1,123)   1   (673)         (451)
Class A common stock issued under ESPP 1,115       684         431
Exchange of Class B and Class C units for Class A common stock and redemption of corresponding Class B common stock (3)   4 (3) (4)          
Settlement of non-controlling interests related to awards of carried interest allocations (602)             (602)    
Purchase of non-controlling interests   $ 0                
Equity reallocation between controlling and non-controlling interests         22,333     (1,144)   (21,189)
Deferred tax effect resulting from transactions affecting ownership in the Partnership, net of amounts payable under Tax Receivable Agreements [2] 4,254       4,254          
Total stockholders' equity, ending balance at Sep. 30, 2024 $ 1,788,477   $ 73 $ 43 $ 393,115 $ 3,992 $ 236 $ 1,021,775 $ 150,852 $ 218,391
[1] See notes 10 and 13 for more information.
[2] See notes 10 and 13 for more information.