Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Changes in Shareholders'/Members' Equity (Unaudited)

v3.22.2
Condensed Consolidated and Combined Statements of Changes in Shareholders'/Members' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Prior to Transactions and IPO
Common Control Group
 [1]
Common Control Group
Prior to Transactions and IPO
 [1]
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Prior to Transactions and IPO
NCI in Operating Company or CCG
 [2]
NCI in Operating Company or CCG
Prior to Transactions and IPO
NCI in Bridge Investment Group Holdings Inc.
 [3]
Beginning balance at Dec. 31, 2020 $ 201,471   $ 186,091   $ 0 $ 0 $ 0 $ 0 $ 4   $ 15,376   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 123,960 $ 123,960   $ 114,196               $ 9,764 [2]  
Share-based compensation, net of forfeitures   15,465   14,508               957 [2]  
Capital contributions   745   422               323  
Distributions   (171,896)   (157,896)               (14,000) [2]  
Foreign currency translation adjustment 7 7               $ 7      
Repurchase of membership interests prior to Transactions and IPO   (111)   (68)               (43) [2]  
Ending balance at Jun. 30, 2021 169,641   157,253   0 0 0 0 11   12,377   0
Beginning balance at Mar. 31, 2021 215,364   202,167   0 0 0 0 5   13,192   0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 83,241 83,241   77,426               5,815 [2]  
Share-based compensation, net of forfeitures   14,624   13,767               857 [2]  
Capital contributions   323   0               323 [2]  
Distributions   (143,917)   (136,107)               (7,810) [2]  
Foreign currency translation adjustment 6 6               $ 6      
Repurchase of membership interests prior to Transactions and IPO   $ 0   $ 0               $ 0 [2]  
Ending balance at Jun. 30, 2021 169,641   157,253   0 0 0 0 11   12,377   0
Beginning balance at Dec. 31, 2021 549,737   0   230 867 53,527 17,184 (21)   272,482   205,468
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 221,886             22,711     86,461   112,714
Conversion of 2019 profits interest awards         8   (8)            
Exchange of Class A Units for Class A common stock and redemption of corresponding Class B common stock including the deferred tax effect and amounts payable under the Tax Receivable Agreement 780       10 (10) 780            
Issuance of Class A Units for acquisition 14,930                       14,930
Fair value of non-controlling interest in acquired business 20,053                   20,053    
Share-based compensation, net of forfeitures 13,818       43   3,689       14   10,072
Capital contributions 201                   201    
Distributions (126,873)                   (56,070)   (70,803)
Dividends (13,531)             (13,531)          
Foreign currency translation adjustment (4)               (4)        
Reallocation of equity             2,974           (2,974)
Ending balance at Jun. 30, 2022 680,997   0   291 857 60,962 26,364 (25)   323,141   269,407
Beginning balance at Mar. 31, 2022 638,424   0   289 859 59,247 21,038 (12)   311,915   245,088
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 124,382             12,940     49,748   61,694
Exchange of Class A Units for Class A common stock and redemption of corresponding Class B common stock including the deferred tax effect and amounts payable under the Tax Receivable Agreement 5       2 (2) 5            
Share-based compensation, net of forfeitures 6,553       0   2,119       6   4,428
Capital contributions 31                   31    
Distributions (80,771)                   (38,559)   (42,212)
Dividends (7,614)             (7,614)          
Foreign currency translation adjustment (13)               (13)        
Reallocation of equity             (409)           409
Ending balance at Jun. 30, 2022 $ 680,997   $ 0   $ 291 $ 857 $ 60,962 $ 26,364 $ (25)   $ 323,141   $ 269,407
[1] Net investment in Common Control Group (“CCG”)
[2] Non-controlling interests (“NCI”) in Bridge Investment Group Holdings LLC or Common Control Group
[3] Non-controlling interests (“NCI”) in Bridge Investment Group Holdings Inc.