Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Equity (Unaudited)

v3.23.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest in Bridge Investment Group Holdings LLC
NCI in Bridge Investment Group Holdings Inc.
Beginning balance at Dec. 31, 2021 $ 549,737 $ 230 $ 867 $ 53,527 $ 17,184 $ (21) $ 272,482 $ 205,468
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 221,886       22,711   86,461 112,714
Conversion of profit interest awards 0 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  
Capital contributions from non-controlling interests 201           201  
Share-based compensation, net of forfeitures 13,818 43   3,689     14 10,072
Distributions (126,873)           (56,070) (70,803)
Dividends (13,531)       (13,531)      
Foreign currency translation adjustment (4)         (4)    
Reallocation of equity 0     2,974       (2,974)
Ending balance at Jun. 30, 2022 680,997 291 857 60,962 26,364 (25) 323,141 269,407
Beginning balance at Mar. 31, 2022 638,424 289 859 59,247 21,038 (12) 311,915 245,088
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 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        
Capital contributions from non-controlling interests 31           31  
Share-based compensation, net of forfeitures 6,553     2,119     6 4,428
Distributions (80,771)           (38,559) (42,212)
Dividends (7,614)       (7,614)      
Foreign currency translation adjustment (13)         (13)    
Reallocation of equity 0     (409)       409
Ending balance at Jun. 30, 2022 680,997 291 857 60,962 26,364 (25) 323,141 269,407
Beginning balance at Dec. 31, 2022 646,319 295 853 63,939 14,230 (220) 309,677 257,545
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (70,192)       (2,738)   (60,435) (7,019)
Conversion of profit interest awards 7,500 8   7,492        
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 3 2 (1) 2        
Fair value of non-controlling interest in acquired business 86,365           86,365  
Capital contributions from non-controlling interests 4,229              
Share-based compensation, net of forfeitures 20,479 23 (1) 8,667     798 10,992
Distributions (68,716)           (19,387) (49,329)
Dividends (10,391)       (10,391)      
Foreign currency translation adjustment 65         65    
Reallocation of equity 0     3,274       (3,274)
Ending balance at Jun. 30, 2023 615,661 328 851 83,374 1,101 (155) 321,247 208,915
Beginning balance at Mar. 31, 2023 641,597 327 853 73,104 10,723 (133) 336,586 220,137
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (2,760)       (4,772)   (4,186) 6,198
Conversion of profit interest awards 7,500     7,500        
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 (20) 1 (1) (20)        
Fair value of non-controlling interest in acquired business 2,168           2,168  
Capital contributions from non-controlling interests 4,218           4,218  
Share-based compensation, net of forfeitures 11,119 0 (1) 5,511     436 5,173
Distributions (43,289)           (17,975) (25,314)
Dividends (4,850)       (4,850)      
Foreign currency translation adjustment (22)         (22)    
Reallocation of equity 0     (2,721)       2,721
Ending balance at Jun. 30, 2023 $ 615,661 $ 328 $ 851 $ 83,374 $ 1,101 $ (155) $ 321,247 $ 208,915