Mister Car Wash (MCW) 10-Q 2 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Trading Symbol	MCW
Entity Registrant Name	Mister Car Wash, Inc.
Entity Central Index Key	0001853513
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common stock, par value $0.01 per share
Security Exchange Name	NYSE
Entity File Number	001-40542
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-1393909
Entity Address, Address Line One	222 E. 5th Street
Entity Address, City or Town	Tucson
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85705
City Area Code	520
Local Phone Number	615-4000
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock Shares Outstanding		321,828,892

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 3,609	$ 19,047
Accounts receivable, net	8,525	6,304
Other receivables	19,443	14,714
Inventory, net	5,859	8,952
Prepaid expenses and other current assets	13,220	11,877
Total current assets	50,656	60,894
Property and equipment, net	816,429	725,121
Operating lease right of use assets, net	844,564	833,547
Other intangible assets, net	114,385	117,667
Goodwill	1,134,734	1,134,734
Other assets	12,378	9,573
Total assets	2,973,146	2,881,536
Current liabilities:
Accounts payable	40,103	33,641
Accrued payroll and related expenses	21,105	19,771
Other accrued expenses	27,858	38,738
Less: current maturities of long-term debt	9,250	0
Current maturities of operating lease liability	46,091	43,979
Current maturities of finance lease liability	787	746
Deferred revenue	34,756	32,686
Total current liabilities	179,950	169,561
Long-term portion of debt, net	919,224	897,424
Operating lease liability	814,905	809,409
Financing lease liability	13,630	14,033
Deferred tax liability	91,560	71,657
Other long-term liabilities	4,477	4,417
Total liabilities	2,023,746	1,966,501
Stockholders’ equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 321,395,188 and 315,192,401 shares outstanding as of June 30, 2024 and December 31, 2023, respectively	3,220	3,157
Additional paid-in capital	812,845	817,271
Retained earnings	133,335	94,607
Total stockholders’ equity	949,400	915,035
Total liabilities and stockholders’ equity	$ 2,973,146	$ 2,881,536

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares, outstanding	321,395,188	315,192,401

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net revenues	$ 255,043	$ 236,894	$ 494,226	$ 462,854
Cost of labor and chemicals	72,691	70,824	144,349	137,616
Other store operating expenses	99,543	90,337	196,346	179,803
General and administrative	24,912	27,829	54,622	52,012
(Gain) loss on sale of assets, net	2,897	(4,728)	1,364	(4,791)
Total costs and expenses	200,043	184,262	396,681	364,640
Operating income	55,000	52,632	97,545	98,214
Other (income) expense:
Interest expense, net	20,254	18,295	40,278	36,043
Loss on extinguishment of debt	0	0	1,882	0
Other income	0	0	(5,189)	0
Total other expense, net	20,254	18,295	36,971	36,043
Income before taxes	34,746	34,337	60,574	62,171
Income tax provision	12,655	7,205	21,846	13,903
Net income	$ 22,091	$ 27,132	$ 38,728	$ 48,268
Net income per share:
Basic	$ 0.07	$ 0.09	$ 0.12	$ 0.16
Diluted	$ 0.07	$ 0.08	$ 0.12	$ 0.15
Weighted-average common shares outstanding:
Basic	319,415,156	309,314,858	317,626,972	308,308,972
Diluted	328,325,135	328,283,353	329,168,640	327,951,399

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 38,728	$ 48,268
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	39,856	33,819
Stock-based compensation expense	12,152	11,354
(Gain) loss on sale of assets, net	1,364	(4,791)
Loss on extinguishment of debt	1,882	0
Amortization of debt issuance costs	713	842
Non-cash lease expense	24,037	21,838
Deferred income tax	19,903	11,058
Changes in assets and liabilities:
Accounts receivable, net	(2,222)	1,145
Other receivables	(5,846)	(2,219)
Inventory, net	3,093	905
Prepaid expenses and other current assets	(1,267)	133
Accounts payable	3,251	5,593
Accrued expenses	3,022	6,525
Deferred revenue	2,070	2,966
Operating lease liability	(21,025)	(19,591)
Other noncurrent assets and liabilities	(829)	(723)
Net cash provided by operating activities	118,882	117,122
Cash flows from investing activities:
Purchases of property and equipment	(163,096)	(127,868)
Acquisition of car wash operations, net of cash acquired	0	(4,985)
Proceeds from sale of property and equipment	18,454	82,622
Net cash used in investing activities	(144,642)	(50,231)
Cash flows from financing activities:
Proceeds from issuance of common stock under employee plans	2,773	4,444
Payments of tax withholding on option exercises	(19,290)	0
Proceeds from debt borrowings	925,000	0
Proceeds from revolving line of credit	92,000	0
Payments on debt borrowings	(901,201)	0
Payments on revolving line of credit	(84,000)	0
Payments of deferred financing costs	(4,525)	0
Principal payments on finance lease obligations	(362)	(324)
Net cash provided (used) by financing activities	10,395	4,120
Net change in cash and cash equivalents, and restricted cash during period	(15,365)	71,011
Cash and cash equivalents and restricted cash at beginning of period	19,119	65,222
Cash and cash equivalents and restricted cash at end of period	3,754	136,233
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents	3,609	136,095
Restricted Cash	145	138
Total cash, cash equivalents, and restricted cash	3,754	136,233
Supplemental disclosure of cash flow information:
Cash paid for interest	39,646	30,281
Cash paid for income taxes	2,181	1,500
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment in accounts payable	21,119	14,686
Property and equipment in other accrued expenses	0	29,718
Proceeds from sale of property and equipment in other receivables	0	4,149
Payment of debt financing costs in other accrued expenses	735	0
Stock option exercise proceeds in other receivables	$ 0	$ 172

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Retained Earnings
Beginning Balance at Dec. 31, 2022	$ 801,128	$ 3,072	$ 783,579	$ 14,477
Beginning Balance , Shares at Dec. 31, 2022		306,626,530
Stock-based compensation expense	5,361		5,361
Vesting of restricted stock units, shares		4,296
Exercise of stock options	1,116	$ 15	1,101
Exercise of stock options , shares		1,471,021
Net income	21,136			21,136
Ending Balance at Mar. 31, 2023	828,741	$ 3,087	790,041	35,613
Ending Balance , Shares at Mar. 31, 2023		308,101,847
Beginning Balance at Dec. 31, 2022	801,128	$ 3,072	783,579	14,477
Beginning Balance , Shares at Dec. 31, 2022		306,626,530
Net income	48,268
Ending Balance at Jun. 30, 2023	865,366	$ 3,123	799,498	62,745
Ending Balance , Shares at Jun. 30, 2023		311,758,330
Beginning Balance at Mar. 31, 2023	828,741	$ 3,087	790,041	35,613
Beginning Balance , Shares at Mar. 31, 2023		308,101,847
Stock-based compensation expense	5,993		5,993
Issuance of common stock under employee plans	1,593	$ 2	1,591
Issuance of common stock under employee plans, shares		207,042
Vesting of restricted stock units		$ 6	(6)
Vesting of restricted stock units, shares		634,069
Exercise of stock options	1,907	$ 28	1,879
Exercise of stock options , shares		2,815,372
Net income	27,132			27,132
Ending Balance at Jun. 30, 2023	865,366	$ 3,123	799,498	62,745
Ending Balance , Shares at Jun. 30, 2023		311,758,330
Beginning Balance at Dec. 31, 2023	915,035	$ 3,157	817,271	94,607
Beginning Balance , Shares at Dec. 31, 2023		315,192,401
Stock-based compensation expense	6,246		6,246
Vesting of restricted stock units		$ 1	(1)
Vesting of restricted stock units, shares		139,409
Exercise of stock options	746	$ 42	704
Exercise of stock options , shares		4,116,291
Shares repurchased	(9,940)	$ 16	9,924
Shares repurchased, shares		(1,613,019)
Net income	16,637			16,637
Ending Balance at Mar. 31, 2024	928,724	$ 3,184	814,296	111,244
Ending Balance , Shares at Mar. 31, 2024		317,835,082
Beginning Balance at Dec. 31, 2023	$ 915,035	$ 3,157	817,271	94,607
Beginning Balance , Shares at Dec. 31, 2023		315,192,401
Exercise of stock options , shares	7,715,830
Shares repurchased, shares	(2,998,694)
Net income	$ 38,728
Ending Balance at Jun. 30, 2024	949,400	$ 3,220	812,845	133,335
Ending Balance , Shares at Jun. 30, 2024		321,395,188
Beginning Balance at Mar. 31, 2024	928,724	$ 3,184	814,296	111,244
Beginning Balance , Shares at Mar. 31, 2024		317,835,082
Stock-based compensation expense	5,906		5,906
Issuance of common stock under employee plans	1,413	$ 2	1,411
Issuance of common stock under employee plans, shares		232,136
Vesting of restricted stock units		$ 11	(11)
Vesting of restricted stock units, shares		1,114,106
Exercise of stock options	661	$ 36	625
Exercise of stock options , shares		3,599,539
Shares repurchased	(9,395)	$ 13	9,382
Shares repurchased, shares		(1,385,675)
Net income	22,091			22,091
Ending Balance at Jun. 30, 2024	$ 949,400	$ 3,220	$ 812,845	$ 133,335
Ending Balance , Shares at Jun. 30, 2024		321,395,188

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 22,091	$ 16,637	$ 27,132	$ 21,136	$ 38,728	$ 48,268

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On June 10, 2024 , Joseph Matheny , Chief Innovation Officer , entered into a trading arrangement during an open window period under the Company’s Insider Trading Compliance Policy, intended to satisfy the affirmative defense of Rule 10b5-1(c) and provides for the potential sale of up to 371,520 shares of the Company’s common stock until July 14, 2025 .
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false
Joseph Matheny
Trading Arrangements, by Individual
Name	Joseph Matheny
Title	Chief Innovation Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 10, 2024
Expiration Date	July 14, 2025
Arrangement Duration	379 days
Aggregate Available	371,520

Nature of Business

Nature of Business	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	1. Natur e of Business Mister Car Wash, Inc., a Delaware corporation, together with its subsidiaries (collectively, “we,” “us,” “our” or the “ Company ” ), is based in Tucson, Arizona and is a provider of conveyorized car wash services. We primarily operate Express Exterior Locations, which offer express exterior cleaning services along with free vacuum services, and interior cleaning services at select locations. As of June 30, 2024 , we operated 491 car washes in 21 states.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements as of June 30, 2024 and for the three and six months ended June 30, 2024 and 2023 have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto for the year ended December 31, 2023 included in the 2023 Form 10-K. The condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, the included disclosures are adequate, and the accompanying condensed consolidated financial statements contain all adjustments which are necessary for a fair presentation of our consolidated financial position as of June 30, 2024, consolidated results of operations for the three and six months ended June 30, 2024 and 2023, and consolidated cash flows for the six months ended June 30, 2024 and 2023. Such adjustments are of a normal and recurring nature. The consolidated results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the consolidated results of operations that may be expected for any other future interim or annual period. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company. All material intercompany balances and transactions have been eliminated in consolidation. Reclassification Within the condensed consolidated financial statements certain immaterial amounts have been reclassified to conform with current period presentation. We reclassified Restricted cash of $ 145 and $ 72 from an individual line item on the condensed consolidated balance sheets at June 30, 2024 and December 31, 2023 , respectively, to Prepaid expenses and other current assets to conform with the current period presentation. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the periods reported. Some of the significant estimates that we have made pertain to the determination of deferred tax assets and liabilities; estimates utilized to determine the fair value of assets acquired and liabilities assumed in business combinations and the related goodwill and intangibles; and certain assumptions used related to the evaluation of goodwill, intangibles, and property and equipment asset impairment. Actual results could differ from those estimates. Accounts Receivable, Net Accounts receivable are presented net of an allowance for doubtful accounts of $ 39 and $ 68 a s of June 30, 2024 and December 31, 2023, respectively. The activity in the allowance for doubtful accounts was immaterial for the three and six months ended June 30, 2024 and 2023 . Other Receivables Other receivables consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Construction receivable $ 7,097 $ 6,480 Income tax receivable 1,500 3,051 Insurance receivable 4,118 3,686 Employee retention credit receivable 5,189 - Other 1,539 1,497 Total other receivables 19,443 14,714 Inventory, Net Inventory consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Chemical washing solutions $ 5,979 $ 9,135 Reserve for obsolescence ( 120 ) ( 183 ) Total inventory, net $ 5,859 $ 8,952 The activity in the reserve for obsolescence was immaterial for the three and six months ended June 30, 2024 and 2023 . Revenue Recognition The following table summarizes the composition of our net revenues for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Recognized over time $ 184,082 $ 164,733 $ 360,341 $ 321,624 Recognized at a point in time 70,861 72,029 133,707 140,999 Other revenue 100 132 178 231 Net revenues $ 255,043 $ 236,894 $ 494,226 $ 462,854 Net Income Per Share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed by dividing net income by the weighted-average shares outstanding for the period and includes the dilutive impact of potential new shares issuable upon vesting and exercise of stock options, vesting of restricted stock units, and stock purchase rights granted under an employee stock purchase plan. Potentially dilutive securities are excluded from the computation of diluted net income per share if their effect is antidilutive. Reconciliations of the numerators and denominators of the basic and diluted net income per share calculations for the periods presented are as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income $ 22,091 $ 27,132 $ 38,728 $ 48,268 Denominator: Weighted-average common shares outstanding - basic 319,415,156 309,314,858 317,626,972 308,308,972 Effect of potentially dilutive securities: Stock options 7,509,205 18,363,467 10,097,192 19,081,022 Restricted stock units 1,399,443 603,008 1,428,419 550,611 Employee stock purchase plan 1,331 2,020 16,057 10,794 Weighted-average common shares outstanding - diluted 328,325,135 328,283,353 329,168,640 327,951,399 Net income per share - basic $ 0.07 $ 0.09 $ 0.12 $ 0.16 Net income per share - diluted $ 0.07 $ 0.08 $ 0.12 $ 0.15 The following potentially dilutive shares were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Stock options 4,153,264 3,555,410 3,909,744 3,116,583 Restricted stock units 1,336,924 235,216 668,462 295,808 Employee stock purchase plan 95,582 88,163 49,358 45,891 Employee Retention Credit In response to the COVID-19 pandemic, the Employee Retention Credit (“ERC”), was established under the Coronavirus Aid, Relief, and Economic Security Act. The ERC is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer paid to employees from March 13, 2020 to December 31, 2020. Companies who meet the eligibility requirements can claim the ERC on an original or adjusted employment tax return for a period within those dates. In March 2024, we determined that we qualify for $ 5,189 in relief for the period from March 13, 2020 to December 31, 2020. Upon receipt of the credit, we will owe $ 526 in tax advisory costs associated with the assessment of the tax credit. This amount was expensed within General and administrative expenses in the amount of $ 0 and $ 526 during the three and six months ended June 30, 2024. As there is no authoritative guidance under U.S. GAAP for government assistance to for-profit business entities, the Company accounts for the ERC by analogy to International Accounting Standards 20, or IAS 20, Accounting for Government Grants and Disclosure of Government Assistance . In accordance w ith IAS 20, management determined it has reasonable assurance of receipt of the identified ERC amount and recorded the credit in the amount of $ 0 and $ 5,189 in Other income on our condensed consolidated statements of operations during the three and six months ended June 30, 2024, respectively. A corresponding accrual of the tax credit receivable was recorded under Other receivables on our condensed consolidated balance sheet as of June 30, 2024 . Recent Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which focuses on the rate reconciliation and income taxes paid. ASU No. 2023-09 requires a public business entity (PBE) to disclose, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. For PBEs, the new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. An entity may apply the amendments in this ASU prospectively by providing the revised disclosures for the period ending December 31, 2025 and continuing to provide the pre-ASU disclosures for the prior periods, or may apply the amendments retrospectively by providing the revised disclosures for all periods presented. The adoption of this ASU is not expected to have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires enhanced disclosures regarding significant segment expenses and other segment items for public entities on both an annual and interim basis. Specifically, the update requires that entities provide, during interim periods, all disclosures related to a reportable segment's profit or loss and assets that were previously required only on an annual basis. Additionally, this guidance necessitates the disclosure of the title and position of the Chief Operating Decision Maker ("CODM"). The new guidance does not modify how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years starting after December 15, 2024. This ASU must be applied retrospectively to all prior periods presented. Early adoption is permitted. We are currently evaluating the impact this ASU may have on our consolidated financial statements.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	3. Property and Equipment, Net Property and equipment, net consisted of the following for the periods presented : As of June 30, 2024 December 31, 2023 Land $ 129,770 $ 121,960 Buildings and improvements 312,646 263,468 Finance leases 16,604 16,604 Leasehold improvements 141,812 135,861 Vehicles and equipment 313,283 285,127 Furniture, fixtures and equipment 102,491 100,457 Construction in progress 100,534 75,639 Property and equipment, gross 1,117,140 999,116 Less: accumulated depreciation ( 296,920 ) ( 270,706 ) Less: accumulated amortization - finance leases ( 3,791 ) ( 3,289 ) Property and equipment, net $ 816,429 $ 725,121 For the three months ended June 30, 2024 and 2023, depreciation expense was $ 18,372 and $ 14,555 , respectively. For the six months ended June 30, 2024 and 2023, depreciation expense was $ 36,072 and $ 29,934 , respectively. For the three months ended June 30, 2024 and 2023, amortization expense on finance leases was $ 251 and $ 251 , respectively. For the six months ended June 30, 2024 and 2023, amortization expense on finance leases was $ 502 and $ 502 , respectively.

Other Intangible Assets, Net

Other Intangible Assets, Net	6 Months Ended
	Jun. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Other Intangible Assets, Net	4. Other Intangible Assets, Net Other intangibles assets, net consisted of the following as of the periods presented: June 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Trade names and Trademarks $ 107,000 $ - $ 107,000 - CPC Unity System 42,900 42,185 42,900 40,040 Customer relationships 9,700 6,640 9,700 6,430 Covenants not to compete 13,230 9,620 13,230 8,693 Other intangible assets, net $ 172,830 $ 58,445 $ 172,830 $ 55,163 For the three months ended June 30, 2024 and 2023, amortization expense associated with our finite-lived intangible assets was $ 1,638 and $ 1,706 , respectively. For the six months ended June 30, 2024 and 2023, amortization expense associated with our finite-lived intangible assets was $ 3,282 and $ 3,383 , respectively. As of June 30, 2024, estimated future amortization expense was as follows: Fiscal Year Ending: 2024 (remaining six months) $ 1,733 2025 1,827 2026 1,585 2027 741 2028 462 Thereafter 1,037 Total estimated future amortization expense $ 7,385

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	5. Goodwill Goodwill consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Balance at beginning of period $ 1,134,734 $ 1,109,815 Current period acquisitions - 24,919 Balance at end of period $ 1,134,734 $ 1,134,734 Goodwill is generally deductible for tax purposes, except for the portion related to purchase accounting step-up goodwill.

Other Accrued Expenses

Other Accrued Expenses	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Other Accrued Expenses	6. Other Accrued Expenses Other accrued expenses consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Utilities $ 6,968 $ 6,130 Accrued other tax expense 10,432 9,482 Insurance expense 4,723 4,355 Greenfield development accruals - 13,343 Other 5,735 5,428 Total other accrued expenses $ 27,858 $ 38,738 Greenfield development accruals represent an obligation to pay for invoices not yet received, primarily related to land and buildings and improvements, on properties which we have taken control of as of June 30, 2024 and December 31, 2023 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes The effective income tax rates on continuing operations for the six months ended June 30, 2024 and 2023 were 3 6.1% a nd 22.4 %, respectively. In general, the effective tax rates differed from the U.S. federal statutory income tax rate primarily due to state income taxes, non-deductible expenses such as those related to certain executive compensation, and other discrete tax adjustments recorded during the period. The year-to-date provision for income taxes for the six months ended June 30, 2024 included taxes on earnings at an anticipated annual effective tax rate of 25.5 % and a net, unfavorable tax impact o f $ 6,399 related primarily to discrete tax expense originating from stock options exercised during the six months ended June 30, 2024. The year-to-date provision for income taxes for the six months ended June 30, 2023 included taxes on earnings at an anticipated annual effective tax rate of 25.5 % and a net, favorable tax impact of $ 1,875 related primarily to discrete tax benefits originating from stock options exercised during the six months ended June 30, 2023. On August 9, 2022, the Creating Helpful Incentives to Produce Semiconductors (“CHIPS”) Act of 2022 was signed into law. The CHIPS Act is designed to boost domestic semiconductor manufacturing and encourage U.S. research activities. Also in 2022, the Inflation Reduction Act (“IRA”) of 2022 was signed into law. The IRA created a new book-minimum tax on certain large corporations and an excise tax on stock buybacks while also providing incentives to address climate change mitigation and clean energy, among other items. Most of these changes became effective for the 2023 tax year and after initial evaluation, and similar to the prior quarter, we do not currently expect these laws to have a material effect on the consolidated financial statements. For the six months ended June 30, 2024 and 2023, we recorded $ 219 and $ 0 related to unrecognized tax benefits or interest and penalties related to any uncertain tax positions.

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	8. Debt Long-term debt consisted of the following as of the periods presented: As of June 30, 2024 December 31, 2023 First lien term loan $ 925,000 $ 901,201 Revolving line of credit 8,000 - Total debt 933,000 901,201 Less: unamortized discount and debt issuance costs ( 4,526 ) ( 3,777 ) Less: current maturities of long-term debt ( 9,250 ) - Total long-term portion of debt, net $ 919,224 $ 897,424 As of June 30, 2024, annual maturities of debt were as follows: Fiscal Year Ending: 2024 (remaining six months) $ 4,625 2025 9,250 2026 9,250 2027 9,250 2028 9,250 Thereafter 891,375 Total maturities of debt $ 933,000 As of June 30, 2024 and December 31, 2023, unamortized discount and debt issuance costs were $ 6,694 an d $ 4,030 , respectively, and accumulated amortization of debt issuance costs was $ 3,499 and $ 6,145 , respectively. For the three months ended June 30, 2024 and 2023, the amortization of debt issuance costs in interest expense, net in the condensed consolidated statements of operations was approximately $ 303 and $ 423 , respectively. For the six months ended June 30, 2024 and 2023, the amortization of debt issuance costs in interest expense, net in the condensed consolidated statements of operations was approximately $ 713 and $ 842 , respectively. Amended and Restated First Lien Credit Agreement On August 21, 2014, we entered into a Credit Agreement (“Credit Agreement”) which was originally comprised of a term loan (“First Lien Term Loan”) and a revolving commitment (“Revolving Commitment”). The Credit Agreement was collateralized by substantially all personal property (including cash, inventory, property and equipment, and intangible assets), real property, and equity interests owned by us. Under the First Lien Term Loan under the Credit Agreement, we had the option of selecting either (i) a Base Rate interest rate plus a fixed margin of 2.25 % or (ii) a Eurodollar (LIBOR) interest rate for one, two, three or six months plus a fixed margin of 3.25 %. Under the Revolving Commitment under the Credit Agreement, we had the option of selecting either (i) a Base Rate interest rate plus a variable margin of 2.50 % to 3.00 %, based on our First Lien Net Debt Leverage Ratio, or (ii) a Eurodollar (LIBOR) interest rate for one, two, three or six months plus a variable margin of 3.50 % to 4.00 %, based on our First Lien Net Leverage Ratio. In May 2019, we entered into the Amended and Restated First Lien Credit Agreement (“Amended and Restated First Lien Credit Agreement”) which amended and restated the entirety of the Credit Agreement. First Lien Term Loan In February 2020, we entered into Amendment No. 1 to Amended and Restated First Lien Credit Agreement, which changed the interest rate spreads associated with the credit agreement where (i) the variable margin associated with the Base Rate interest rate plus a variable margin based on our First Lien Net Leverage Ratio changed from 2.25% to 2.50% to 2.00% to 2.25% and (ii) the variable margin associated with the Eurodollar Rate interest rate for one, two, three or six months plus a variable margin based on our First Lien Net Leverage Ratio changed from 3.25% to 3.50% to 3.00% to 3.25%. In December 2021, in connection with the Clean Streak Ventures acquisition, we entered into Amendment No. 3 to the Amended and Restated First Lien Credit Agreement, pursuant to which the previous First Lien Term Loan was increased by $ 290,000 to $ 903,301 with the balance due on May 14, 2026 . The incremental increase in aggregate principal of $290,000 resulted in $ 285,962 of proceeds net of discount and debt issuance costs. In December 2022, we entered into Amendment No. 4 to the Amended and Restated First Lien Credit Agreement with the lenders party thereto, and Jeffries Finance LLC, as administrative agent, to transition from LIBOR to Eurocurrency rate SOFR spread, whereas all revolver borrowings and term loan borrowings under the existing credit agreement will be SOFR based. All other terms governing this term loan facility remained substantially the same. In March 2024, we entered into Amendment No. 5 to the Amended and Restated First Lien Credit Agreement with the lenders party thereto, and Bank of America, N.A. ("BofA") as the successor administrative agent and collateral agent. This amendment further modified the credit agreement by providing $ 925,000 in first lien term commitments, consisting of $ 901,201 to refinance outstanding term loans and $ 23,799 in additional incremental term commitments (collectively, the "2024 Term Loans"). T he 2024 Term Loans have an interest rate of Term SOFR or Base Rate, at our option, plus an applicable margin ( 3.00 % for SOFR Loans or 2.00 % for Base Rate Loans), subject to step-downs based on the First Lien Net Leverage Ratio. For SOFR Loans, the margin starts at 3.00% and can decrease to 2.75 % and 2.50 % based on the First Lien Net Leverage Ratio. For Base Rate Loans, the margin begins at 2.00% and can decrease to 1.75 % and 1.50 %, depending on the First Lien Net Leverage Ratio. The SOFR rate has a floor of 0.00 %. Starting September 30, 2024, the loans will be amortized in equal quarterly installments at an annual rate of 1.00% of the original principal amount. As a result of this amendment, the loans are scheduled to mature in March 2031 . In connection with Amendment No. 5, we expensed $ 1,882 of previously unamortized debt issuance costs as a loss on extinguishment of debt in the condensed consolidated statements of operations. As of June 30, 2024 and December 31, 2023, the amount outstanding under the First Lien Term Loan was $ 925,000 and 901,201 , respectively. As of June 30, 2024 and December 31, 2023, the interest rate on the First Lien Term Loan wa s 8.34 % a nd 8.46 %, respectively. The Amended and Restated First Lien Credit Agreement requires us to maintain compliance with a First Lien Net Leverage Ratio. As of June 30, 2024, we were in compliance with the First Lien Net Leverage Ratio financial covenant of the Amended and Restated First Lien Credit Agreement. Revolving Commitment In May 2019, as a part of the Amended and Restated First Lien Credit Agreement, the Revolving Commitment was increased from $ 50,000 to $ 75,000 . We had the option of selecting either a Base Rate interest rate plus a variable margin based on our First Lien Net Leverage Ratio (ranging from 2.0 % to 2.5 %) or a Eurodollar Rate interest rate for one, two, three or six months plus a variable margin based on our First Lien Net Leverage Ratio (ranging from 3.0 % to 3.5 %). In June 2021, we entered into Amendment No. 2 to our Amended and Restated First Lien Credit Agreement that (i) increased the maximum available borrowing capacity under the Revolving Commitment from $ 75,000 to $ 150,000 and (ii) extended the maturity date of the Revolving Commitment to the earliest to occur of (a) June 4, 2026, (b) the date that is six months prior to the maturity date of the First Lien Term Loan (provided that clause (b) shall not apply if the maturity date for the First Lien Term Loan is extended to a date that is at least six months after June 4, 2026, the First Lien Term Loan is refinanced having a maturity date at least six months after June 4, 2026, or the First Lien Term Loan is paid in full), (c) the date that commitments under the Revolving Commitment are permanently reduced to zero, and (d) the date of the termination of the commitments under the Revolving Commitment. The increase to the maximum available borrowing capacity was effected on the close of our initial public offering in June 2021. In March 2024, we entered into Amendment No. 5 to our Amended and Restated First Lien Credit Agreement to increase our borrowing capacity from $ 150,000 to $ 300,000 . The amendment also updates the interest rate for these loans to SOFR or Base Rate, at our option, plus an applicable margin ( 2.50 % for SOFR Loans or 1.50 % for Base Rate Loans), subject to step-ups and step-downs based on the First Lien Net Leverage Ratio. Any unused commitment fee is also payable based on the First Lien Net Leverage Ratio. The Credit Agreement requires the Borrower to maintain a Rent Adjusted Total Net Leverage Ratio no greater than 6.50 to 1.00 , tested quarterly beginning with the quarter ending September 30, 2024, for the benefit of lenders holding the Revolving Commitments. The Amendment also extends t he time in which we can draw revolving loans under the Revolving Commitments until the earliest of March 2029, permanent reduction of commitments to zero or termination of the commitment. As of June 30, 2024 and December 31, 2023, the amount outstanding under the Revolving Commitments was $ 8,000 and $ 0 , respectively. The maximum available borrowing capacity under the Revolving Commitments is reduced by outstanding letters of credit under the Revolving Commitments. As of June 30, 2024 and December 31, 2023, the available borrowing capacity under the Revolving Commitments was $ 291,716 and $ 149,193 , respectively. In addition, an unused commitment fee based on our First Lien Net Leverage Ratio is payable on the average of the unused borrowing capacity under the Revolving Commitments. As of June 30, 2024 and December 31, 2023, the unused commitment fee was 0.25 % . Standby Letters of Credit As of June 30, 2024 , we have a letter of credit sublimit of $ 90,000 under the Revolving Commitments, provided that the total utilization of revolving commitments under the Revolving Commitment does not exceed $ 300,000 . Any letter of credit issued under the Amended and Restated Credit Agreement has an expiration date which is the earlier of (i) no later than 12 months from the date of issuance or (ii) five business days prior to the maturity date of the Revolving Commitments, as amended under Amendment No. 2 to the Amended and Restated First Lien Credit Agreement . Letters of credit under the Revolving Commitments reduce the maximum available borrowing capacity under the Revolving Commitment. As of June 30, 2024 and December 31, 2023, the amounts associated with outstanding letters of credit were $ 284 and $ 807 , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	9. Fair Value Measurements The following table presents financial liabilities which are measured at fair value on a recurring basis as of June 30, 2024: Fair Value Measurements Total Level 1 Level 2 Level 3 Assets: Deferred compensation plan $ 6,147 $ 6,147 $ - $ - Liabilities: Deferred compensation plan $ 4,221 $ 4,221 $ - $ - Contingent consideration $ 4,750 $ - $ - $ 4,750 The following table presents financial liabilities which are measured at fair value on a recurring basis as of December 31, 2023: Fair Value Measurements Total Level 1 Level 2 Level 3 Assets: Deferred compensation plan $ 5,553 $ 5,553 $ - $ - Liabilities: Deferred compensation plan $ 3,961 $ 3,961 $ - $ - Contingent consideration $ 4,750 $ - $ - $ 4,750 We measure the fair value of our financial assets and liabilities using the highest level of inputs that are available as of the measurement date. The carrying amounts of cash, accounts receivable, and accounts payable approximate their fair value due to the immediate or short-term maturity of these financial instruments. We maintain a deferred compensation plan for a certain group of our highly compensated employees, in which certain of our executive officers participate in. The plan allows eligible participants to defer up to 90% of their base salary and/or incentive plan compensation as well as any refunds from our 401(k) Plan. Participants may elect investment funds selected by the Company in whole percentages . Changes in the value of compensation deferred under these plans are recognized each period based on the fair value of the underlying measurement funds. These investment funds consist primarily of equity securities, such as common stock and mutual funds, and fixed income securities and are valued at the closing price reported on the active market on which the individual securities are traded and are classified as Level 1. These investment options do not represent actual ownership of or ownership rights in the applicable funds; they serve the purpose of valuing the account and the corresponding obligation of the Company. As of June 30, 2 0 24 and December 31, 2 0 23 , the fair value of our First Lien Term Loan approximated its carrying value due to the debt’s variable interest rate terms . As of June 30, 2024 and December 31, 2023, we held no assets in cash investments. We recognized a Level 3 contingent consideration liability in connection with the Downtowner Car Wash acquisition in December 2021. We measured its contingent consideration liability using Level 3 unobservable inputs. The contingent consideration liability is associated with the achievement of certain targets and is estimated at each balance sheet date by considering among other factors, results of completed periods and our most recent financial projection for future periods subject to earn-out payments. There are two components to the contingent consideration: a payment when we obtained the certificate of occupancy for the car wash and opened it to the public in 2023 and an annual payment based on certain financial metrics of the acquired business. A change in the forecasted revenue or projected opening dates could result in a significantly lower or higher fair value measuremen t. We determined that there were no significant changes to the unobservable inputs that would have resulted in a change in fair value of this contingent consideration liability at June 30, 2024. During the three and six months ended June 30, 2023, a payment was made upon receipt of certificate of occupancy of $ 0 and $ 500 , respectively . No payments were made during the three and six months ended June 30, 2024. During the three and six months ended June 30, 2 0 24 and 2 0 23 , there were no transfers between fair value measurement levels.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	10. Leases Balance sheet information related to leases consisted of the following for the periods presented: As of Classification June 30, 2024 December 31, 2023 Assets Operating Operating right of use assets, net $ 844,564 $ 833,547 Finance Property and equipment, net 12,813 13,315 Total lease assets $ 857,377 $ 846,862 Liabilities Current Operating Current maturities of operating lease liability $ 46,091 $ 43,979 Finance Current maturities of finance lease liability 787 746 Long-term Operating Operating lease liability 814,905 809,409 Finance Financing lease liability 13,630 14,033 Total lease liabilities $ 875,413 $ 868,167 Components of total lease cost, net, consisted of the following for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating lease expense (a) $ 27,659 $ 25,308 $ 54,871 $ 49,319 Finance lease expense Amortization of lease assets 251 251 502 502 Interest on lease liabilities 260 273 524 549 Short-term lease expense 52 12 103 26 Variable lease expense (b) 2,756 2,113 10,020 8,816 Total $ 30,978 $ 27,957 $ 66,020 $ 59,212 a) Operating lease expense includes an immaterial amount of sublease income and is included in other store operating expenses and general and administrative expenses in the accompanying condensed consolidated statements of operations. b) Variable lease costs consist of property taxes, property insurance, and common area or other maintenance costs for our leases of land and buildings and is included in other store operating expenses in the accompanying condensed consolidated statements of operations. The following includes supplemental information for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating cash flows from operating leases $ 26,843 $ 24,934 $ 53,360 $ 48,700 Operating cash flows from finance leases $ 260 $ 273 $ 524 $ 549 Financing cash flows from finance leases $ 182 $ 163 $ 362 $ 324 Operating lease ROU assets obtained in exchange for lease liabilities $ 20,237 $ 48,528 $ 34,947 $ 59,055 Weighted-average remaining operating lease term 13.67 14.06 13.67 14.06 Weighted-average remaining finance lease term 15.19 15.97 15.19 15.97 Weighted-average operating lease discount rate 8.09 % 7.83 % 8.09 % 7.83 % Weighted-average finance lease discount rate 7.33 % 7.33 % 7.33 % 7.33 % As of June 30, 2024, lease obligation maturities were as follows: Fiscal Year Ending: Operating Leases Finance Leases 2024 (remaining six months) $ 54,524 $ 893 2025 110,109 1,787 2026 109,145 1,792 2027 105,372 1,819 2028 99,258 1,846 Thereafter 987,259 18,425 Total future minimum obligations $ 1,465,667 $ 26,562 Less: Present value discount ( 604,671 ) ( 12,145 ) Present value of net future minimum lease obligations $ 860,996 $ 14,417 Less: current portion ( 46,091 ) ( 787 ) Long-term obligations $ 814,905 $ 13,630 Forward-Starting Leases As of June 30, 2024, we entered int o 12 leases th at had not yet commenced related to build-to-suit arrangements for car wash locations. These leases will commence in years 2024 through 2026 with initial lease terms of 15 to 20 years . As of December 31, 2023 , we entered into 14 leases that had not yet commenced related to build-to-suit arrangements for car wash locations. These leases will commence in years 2024 through 2026 with initial lease terms of 15 to 20 years . Sale-Leaseback Transactions During the three months ended June 30, 2024 and 2023 , we completed three and 10 sale-leaseback transactions related to car wash locations, respectively, with aggregate consideration of $ 13,845 and $ 80,042 , respectively, resulting in a net loss of $ 2,658 and a net gain of $ 4,896 , respectively, which are included in (gain) loss on sale of assets in the accompanying condensed consolidated statements of operations. Contemporaneously with the closing of the sales, we entered into lease agreements for the properties for initial 20 -year terms . For the sale-leaseback transactions consummated in the three months ended June 30, 2024 and 2023, the cumulative initial annual rent for the properties was approximately $ 881 and $ 5,028 , respectively, subject to annual escalations. These leases are accounted for as operating leases. During the six months ended June 30, 2024 and 2023 , we completed four and 12 sale-leaseback transactions related to car wash locations, respectively, with aggregate consideration of $ 18,745 and $ 89,255 , respectively, resulting in a net loss of $ 961 and a net gain of $ 5,226 , respectively, which are included in (gain) loss on sale of assets in the accompanying condensed consolidated statements of operations. Contemporaneously with the closing of the sales, we entered into lease agreements for the properties for initial 20-year terms . For the sale-leaseback transactions consummated in the six months ended June 30, 2024 and 2023, the cumulative initial annual rent for the properties was approximately $ 1,187 and $ 5,587 , respectively, subject to annual escalations. These leases are accounted for as operating leases.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Stockholders' Equity	11. Stockholders’ Equity As of June 30, 2024 , there were 1,000,000,000 shares of common stock authorized , 327,568,109 shares of common stock issued, and 321,395,188 shares of common stock outstanding. As of December 31, 2023 , there were 1,000,000,000 shares of common stock authorized, 318,366,628 shares of common stock issued, and 315,192,401 shares of common stock outstanding. As of June 30, 2024 and December 31, 2023 , there were 5,000,000 shares of preferred stock authorized and none were issued or outstanding. During the six months ended June 30, 2024, we withheld a total of 2,998,694 shares in order to satisfy payroll tax withholdings to settle cashless stock option exercises. We use the cost method to account for treasury stock. As of June 30, 2024 and December 31, 2023, we had 6,172,921 and 3,174,227 shares, respectively, of treasury stock. As of June 30, 2024 and December 31, 2023, the cost of treasury stock included in additional paid-in capital in the accompanying condensed consolidated balance sheets was $ 28,895 and $ 6,091 , respectively.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	12. Stock-Based Compensation We recognize stock-based compensation expense associated with stock options and restricted stock units ("RSUs"), and stock purchase rights. Stock options and RSUs are granted under the 2014 Stock Option Plan of Hotshine Holdings, Inc. (the “2014 Plan”) and 2021 Incentive Award Plan (the “2021 Plan”) while stock purchase rights are granted under the 2021 Employee Stock Purchase Plan (“2021 ESPP”). Refer to our 2023 Form 10-K for additional details on employee stock incentive plans. Share-Based Payment Valuation The grant date fair value of Time Vesting Options granted is determined using the Black-Scholes option-pricing model. The grant date fair value of Performance Vesting Options is determined using a Monte Carlo simulation model and a barrier-adjusted Black-Scholes option-pricing model. The grant date fair value of stock purchase rights granted under the 2021 ESPP is determined using the Black-Scholes option-pricing model. 2021 ESPP The following table presents, on a weighted-average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant date fair value of stock purchase rights granted under the 2021 ESPP during the periods presented: Six Months Ended June 30, 2024 2023 Expected volatility 49.59 % - 50.14 % 36.30 % - 53.9 % Risk-free interest rate 5.38 % - 5.41 % 4.53 % - 5.26 % Expected term (in years) 0.49 - 0.50 0.49 - 0.50 Expected dividend yield None None Time Vesting Options The following table presents, on a weighted-average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant date fair value of Time Vesting Options granted under the 2021 Plan during the periods presented: Six Months Ended June 30, 2024 2023 Expected volatility 45.98 % 43.74 % - 44.68 % Risk-free interest rate 4.52 % 3.68 % - 4.21 % Expected term (in years) 6.0 6.0 - 6.26 Expected dividend yield None None Stock Options A summary of our stock option activity during the period presented is as follows: Time Vesting Options Performance Vesting Options Total Number of Stock Options Weighted-Average Exercise Price Outstanding as of December 31, 2023 11,744,894 7,705,114 19,450,008 $ 3.21 Granted 1,621,444 - 1,621,444 $ 7.03 Exercised ( 2,936,519 ) ( 4,779,311 ) ( 7,715,830 ) $ 0.63 Forfeited ( 150,504 ) - ( 150,504 ) $ 8.97 Outstanding as of June 30, 2024 10,279,315 2,925,803 13,205,118 $ 5.13 Options vested or expected to vest as of June 30, 2024 9,641,439 2,925,803 12,567,242 $ 9.91 Options exercisable as of June 30, 2024 6,299,481 2,925,803 9,225,284 $ 3.67 The number and weighted-average grant date fair value of stock options during the period presented are as follows: Number of Stock Options Weighted-Average Time Vesting Options Performance Vesting Options Time Vesting Options Performance Vesting Options Non-vested as of December 31, 2023 3,629,454 - $ 4.39 - Non-vested as of June 30, 2024 3,979,836 - $ 3.84 - Granted during the period 1,621,444 - $ 3.05 - Vested during the period 1,153,272 - $ 4.51 - Forfeited/canceled during the period 117,790 - $ 3.97 - We granted 1,621,444 Time Vesting Options with a grant date fair value of $ 4,945 during the six months ended June 30, 2024 . There were no Performance Vesting Options granted during the six months ended June 30, 2024. The fair value of shares attributable to stock options that vested during the six months ended June 30, 2024 was $ 8,470 . As of June 30, 2024, the weighted-average remaining contractual life of outstanding stock options was approximately 5.53 years. Restricted Stock Units A summary of our RSU activity during the period presented is as follows: Restricted Stock Units Weighted-Average Grant Date Fair Value Unvested as of December 31, 2023 3,718,505 $ 9.98 Granted 2,996,219 $ 7.03 Vested ( 1,253,515 ) $ 10.62 Forfeited ( 325,976 ) $ 9.07 Unvested as of June 30, 2024 5,135,233 $ 8.16 We granted 2,996,219 RSUs with a grant date fair value of $ 21,054 during the six months ended June 30, 2024. The fair value of shares attributable to RSUs that vested during the six months ended June 30, 2024 was $ 8,908 . As of June 30, 2024, the weighted-average remaining contractual life of outstanding RSUs was approximately 9.35 years. Stock-Based Compensation Expense We estimated a forfeiture r ate of 10.03 % for awards with service-based vesting conditions based on historical experience and future expectations of the vesting of these share-based payments. We used this rate as an assumption in calculating stock-based compensation expense for Time Vesting Options, RSUs, and stock purchase rights granted under the 2021 ESPP. Total stock-based compensation expense, by caption, recorded in the condensed consolidated statements of operations for the periods presented is as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of labor and chemicals $ 2,465 $ 2,093 $ 4,938 $ 4,143 General and administrative 3,441 3,900 7,214 7,211 Total stock-based compensation expense $ 5,906 $ 5,993 $ 12,152 $ 11,354 Total stock-based compensation expense, by award type, recorded in the condensed consolidated statements of operations for the periods presented is as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Time Vesting Options $ 1,382 $ 1,774 $ 2,959 $ 3,370 RSUs 4,348 3,961 8,755 7,440 2021 ESPP 176 258 438 544 Total stock-based compensation expense $ 5,906 $ 5,993 $ 12,152 $ 11,354 As of June 30, 2024, total unrecognized compensation expense related to unvested Time Vesting Options was $ 8,276 , which is expected to be recognized over a weighted-average period of 2.35 years. As of June 30, 2024, there was no unrecognized compensation expense related to unvested Performance Vesting Options as the completion of the IPO satisfied the performance condition and as a result, all outstanding Performance Vesting Options vested. As of June 30, 2024, total unrecognized compensation expense related to unvested RSUs was $ 25,738 , which is expected to be recognized over a weighted-average period of 2.52 years. As of June 30, 2024, total unrecognized compensation expense related to unvested stock purchase rights under the 2021 ESPP was $ 298 , which is expected to be recognized over a weighted-average period of 0.38 years.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2024
Business Combinations [Abstract]
Business Combinations	13. Business Combinations From time to time, we may pursue acquisitions of conveyorized car washes that either strategically fit with the business or expand our presence in new and attractive markets. We account for business combinations under the acquisition method of accounting. The assets acquired and liabilities assumed in connection with business acquisitions are recorded at the date of acquisition at their estimated fair values, with any excess of the purchase price over the estimated fair values of the net assets acquired and intangible assets assigned, recorded as goodwill. Significant judgment is required in estimating the fair value of assets acquired and liabilities assumed and in assigning their respective useful lives. Accordingly, we may engage third-party valuation specialists to assist in these determinations. The fair value estimates are based on available historical information and on future expectations and assumptions deemed reasonable by management; but are inherently uncertain. The condensed consolidated financial statements reflect the operations of an acquired business starting from the effective date of the acquisi tion. We expensed $ 0 and $ 33 of acquisition-related costs for the three and six months ended June 30, 2024 and 2023, respectively. Acquisition-related costs are expensed as incurred and are included in general and administrative expenses in the accompanying condensed consolidated statements of operations. 2024 Acquisitions We did no t consummate any acquisitions during the six months ended June 30, 2024. 2023 Acquisitions For the year ended December 31, 2023 , we acquired the assets and liabilities of six conveyorized car washes in two acquisitions for total consideration of approximately $ 51,217 , which was paid in cash. These acquisitions resulted in the preliminary recognition of $ 24,919 of goodwill, $ 22,555 of property and equipment, $ 3,580 of ROU assets, $ 640 of intangible assets, $ 101 of other net liabilities, and $ 376 of a bargain purchase gain. The bargain purchase gain is not material and is recorded within (gain) loss on sale of assets, net on the consolidated statements of operations. We do not believe these acquisitions are material to our overall consolidated financial statements. The acquisitions were located in the following markets:

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. Commitments and Contingencies Litigation From time to time, we are party to pending or threatened lawsuits arising out of or incident to the ordinary course of business. We carry professional and general liability insurance coverage and other insurance coverages. In the opinion of management and upon consultation with legal counsel, none of the pending or threatened lawsuits will have a material effect upon the consolidated financial position, operations, or cash flows of the Company. Class Action Litigation On February 14, 2023, a plaintiff filed a purported class action lawsuit in the Stanislaus County Superior Court, California, on behalf of all non-exempt employees employed by Defendants Prime Shine LLC, a wholly-owned subsidiary of the Company, in California any time between February 14, 2019, and the present, against Prime Shine, LLC and Does 1 – 20 inclusive. Plaintiff alleges eight claims for violations of the California Labor Code and one claim for violation of the California Business & Professions Code. On June 13, 2023, Plaintiff filed a First Amended Complaint to add a claim for penalties pursuant to the Private Attorneys General Act. Plaintiff seeks, among other things, an unspecified amount for unpaid wages, actual, consequential, and incidental losses, penalties, and attorneys’ fees and costs. The parties agreed to an informal exchange of information in lieu of formal discovery prior to mediation with an experienced wage-and-hour mediator. In October 2023, following mediation, both parties agreed to settle the lawsuit. A financial amount was accrued that was not material to our consolidated financial statements. A formal written settlement agreement has been executed by the parties and the Court granted preliminary approval of settlement. No putative class members objected or opted out of the settlement during the class action settlement notice period. The Court entered final approval of the class action settlement on July 19, 2024. By mid-2025, following the settlement funding, the court clerk is expected to administratively close the case . Insurance We carry a broad range of insurance coverage, including general and business auto liability, commercial property, workers’ compensation, cyber risk, and general umbrella policies. As of June 30, 2024 and December 31, 2023, we accrued $ 4,645 and $ 4,311 , respectively, for assessments on insurance claims filed, which are included in other accrued expenses in the accompanying condensed consolidated balance sheets. As of June 30, 2024 and December 31, 2023, we recorded $ 4,118 and $ 3,686 , respectively, in receivables from its non-healthcare insurance carriers related to these insurance claims, which are included in other receivables in the accompanying condensed consolidated balance sheets. The receivables are paid when the claim is finalized and the reserved amounts on these claims are expected to be paid within one year . Environmental Matters Operations at certain facilities currently or previously owned or leased by us utilize, or in the past have utilized, hazardous substances generally in compliance with applicable law. Periodically, we have had minor claims asserted against it by regulatory agencies or private parties for environmental matters relating to the handling of hazardous substances by us, and we have incurred obligations for investigations or remedial actions with respect to certain of these matters. There can be no assurances that activities at these facilities, or future facilities owned or operated by us, may not result in additional environmental claims being asserted against us or additional investigations or remedial actions being required. We are not aware of any significant remediation matters as of June 30, 2024. Because of various factors including the difficulty of identifying the responsible parties for any particular site, the complexity of determining the relative liability among them, the uncertainty as to the most desirable remediation techniques and the amount of damages and clean-up costs and the time period during which such costs may be incurred, we are unable to reasonably estimate the ultimate cost of claims asserted against us related to environmental matters; however, we do not believe such costs will be material to our condensed consolidated financial statements. In addition to potential claims asserted against us, there are certain regulatory obligations associated with these facilities. We also have a third-party specialist to review the sites subject to these regulations annually, for the purpose of assigning future cost. A third party has conducted a preliminary assessment of site restoration provisions arising from these regulations and we have recognized a provisional amount. As of June 30, 2024 and December 31, 2023, our accrual for environmental remediation was $ 15 , wh ich is included in other accrued expenses in the accompanying condensed consolidated balance sheets.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company. All material intercompany balances and transactions have been eliminated in consolidation.
Reclassification	Reclassification Within the condensed consolidated financial statements certain immaterial amounts have been reclassified to conform with current period presentation. We reclassified Restricted cash of $ 145 and $ 72 from an individual line item on the condensed consolidated balance sheets at June 30, 2024 and December 31, 2023 , respectively, to Prepaid expenses and other current assets to conform with the current period presentation.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the periods reported. Some of the significant estimates that we have made pertain to the determination of deferred tax assets and liabilities; estimates utilized to determine the fair value of assets acquired and liabilities assumed in business combinations and the related goodwill and intangibles; and certain assumptions used related to the evaluation of goodwill, intangibles, and property and equipment asset impairment. Actual results could differ from those estimates.
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable are presented net of an allowance for doubtful accounts of $ 39 and $ 68 a s of June 30, 2024 and December 31, 2023, respectively. The activity in the allowance for doubtful accounts was immaterial for the three and six months ended June 30, 2024 and 2023 .
Other Receivables	Other Receivables Other receivables consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Construction receivable $ 7,097 $ 6,480 Income tax receivable 1,500 3,051 Insurance receivable 4,118 3,686 Employee retention credit receivable 5,189 - Other 1,539 1,497 Total other receivables 19,443 14,714
Inventory, Net	Inventory, Net Inventory consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Chemical washing solutions $ 5,979 $ 9,135 Reserve for obsolescence ( 120 ) ( 183 ) Total inventory, net $ 5,859 $ 8,952 The activity in the reserve for obsolescence was immaterial for the three and six months ended June 30, 2024 and 2023 .
Revenue Recognition	Revenue Recognition The following table summarizes the composition of our net revenues for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Recognized over time $ 184,082 $ 164,733 $ 360,341 $ 321,624 Recognized at a point in time 70,861 72,029 133,707 140,999 Other revenue 100 132 178 231 Net revenues $ 255,043 $ 236,894 $ 494,226 $ 462,854
Net Income Per Share	Net Income Per Share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed by dividing net income by the weighted-average shares outstanding for the period and includes the dilutive impact of potential new shares issuable upon vesting and exercise of stock options, vesting of restricted stock units, and stock purchase rights granted under an employee stock purchase plan. Potentially dilutive securities are excluded from the computation of diluted net income per share if their effect is antidilutive. Reconciliations of the numerators and denominators of the basic and diluted net income per share calculations for the periods presented are as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income $ 22,091 $ 27,132 $ 38,728 $ 48,268 Denominator: Weighted-average common shares outstanding - basic 319,415,156 309,314,858 317,626,972 308,308,972 Effect of potentially dilutive securities: Stock options 7,509,205 18,363,467 10,097,192 19,081,022 Restricted stock units 1,399,443 603,008 1,428,419 550,611 Employee stock purchase plan 1,331 2,020 16,057 10,794 Weighted-average common shares outstanding - diluted 328,325,135 328,283,353 329,168,640 327,951,399 Net income per share - basic $ 0.07 $ 0.09 $ 0.12 $ 0.16 Net income per share - diluted $ 0.07 $ 0.08 $ 0.12 $ 0.15 The following potentially dilutive shares were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Stock options 4,153,264 3,555,410 3,909,744 3,116,583 Restricted stock units 1,336,924 235,216 668,462 295,808 Employee stock purchase plan 95,582 88,163 49,358 45,891
Employee Retention Credit	Employee Retention Credit In response to the COVID-19 pandemic, the Employee Retention Credit (“ERC”), was established under the Coronavirus Aid, Relief, and Economic Security Act. The ERC is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer paid to employees from March 13, 2020 to December 31, 2020. Companies who meet the eligibility requirements can claim the ERC on an original or adjusted employment tax return for a period within those dates. In March 2024, we determined that we qualify for $ 5,189 in relief for the period from March 13, 2020 to December 31, 2020. Upon receipt of the credit, we will owe $ 526 in tax advisory costs associated with the assessment of the tax credit. This amount was expensed within General and administrative expenses in the amount of $ 0 and $ 526 during the three and six months ended June 30, 2024. As there is no authoritative guidance under U.S. GAAP for government assistance to for-profit business entities, the Company accounts for the ERC by analogy to International Accounting Standards 20, or IAS 20, Accounting for Government Grants and Disclosure of Government Assistance . In accordance w ith IAS 20, management determined it has reasonable assurance of receipt of the identified ERC amount and recorded the credit in the amount of $ 0 and $ 5,189 in Other income on our condensed consolidated statements of operations during the three and six months ended June 30, 2024, respectively. A corresponding accrual of the tax credit receivable was recorded under Other receivables on our condensed consolidated balance sheet as of June 30, 2024 .
Recently Adopted Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which focuses on the rate reconciliation and income taxes paid. ASU No. 2023-09 requires a public business entity (PBE) to disclose, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. For PBEs, the new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. An entity may apply the amendments in this ASU prospectively by providing the revised disclosures for the period ending December 31, 2025 and continuing to provide the pre-ASU disclosures for the prior periods, or may apply the amendments retrospectively by providing the revised disclosures for all periods presented. The adoption of this ASU is not expected to have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires enhanced disclosures regarding significant segment expenses and other segment items for public entities on both an annual and interim basis. Specifically, the update requires that entities provide, during interim periods, all disclosures related to a reportable segment's profit or loss and assets that were previously required only on an annual basis. Additionally, this guidance necessitates the disclosure of the title and position of the Chief Operating Decision Maker ("CODM"). The new guidance does not modify how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years starting after December 15, 2024. This ASU must be applied retrospectively to all prior periods presented. Early adoption is permitted. We are currently evaluating the impact this ASU may have on our consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Other Receivables	Other receivables consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Construction receivable $ 7,097 $ 6,480 Income tax receivable 1,500 3,051 Insurance receivable 4,118 3,686 Employee retention credit receivable 5,189 - Other 1,539 1,497 Total other receivables 19,443 14,714
Schedule of Inventory	Inventory consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Chemical washing solutions $ 5,979 $ 9,135 Reserve for obsolescence ( 120 ) ( 183 ) Total inventory, net $ 5,859 $ 8,952
Schedule of Composition of Revenue	The following table summarizes the composition of our net revenues for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Recognized over time $ 184,082 $ 164,733 $ 360,341 $ 321,624 Recognized at a point in time 70,861 72,029 133,707 140,999 Other revenue 100 132 178 231 Net revenues $ 255,043 $ 236,894 $ 494,226 $ 462,854
Schedule of Reconciliations of Numerators and Denominators of Basic and Diluted Net Income Per Share	Reconciliations of the numerators and denominators of the basic and diluted net income per share calculations for the periods presented are as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income $ 22,091 $ 27,132 $ 38,728 $ 48,268 Denominator: Weighted-average common shares outstanding - basic 319,415,156 309,314,858 317,626,972 308,308,972 Effect of potentially dilutive securities: Stock options 7,509,205 18,363,467 10,097,192 19,081,022 Restricted stock units 1,399,443 603,008 1,428,419 550,611 Employee stock purchase plan 1,331 2,020 16,057 10,794 Weighted-average common shares outstanding - diluted 328,325,135 328,283,353 329,168,640 327,951,399 Net income per share - basic $ 0.07 $ 0.09 $ 0.12 $ 0.16 Net income per share - diluted $ 0.07 $ 0.08 $ 0.12 $ 0.15
Schedule of Antidilutive Shares Excluded from Computation of Diluted Net Income Per Share	The following potentially dilutive shares were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Stock options 4,153,264 3,555,410 3,909,744 3,116,583 Restricted stock units 1,336,924 235,216 668,462 295,808 Employee stock purchase plan 95,582 88,163 49,358 45,891

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and equipment, net consisted of the following for the periods presented : As of June 30, 2024 December 31, 2023 Land $ 129,770 $ 121,960 Buildings and improvements 312,646 263,468 Finance leases 16,604 16,604 Leasehold improvements 141,812 135,861 Vehicles and equipment 313,283 285,127 Furniture, fixtures and equipment 102,491 100,457 Construction in progress 100,534 75,639 Property and equipment, gross 1,117,140 999,116 Less: accumulated depreciation ( 296,920 ) ( 270,706 ) Less: accumulated amortization - finance leases ( 3,791 ) ( 3,289 ) Property and equipment, net $ 816,429 $ 725,121

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Summary of Components of Other Intangible Assets, Net	Other intangibles assets, net consisted of the following as of the periods presented: June 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Trade names and Trademarks $ 107,000 $ - $ 107,000 - CPC Unity System 42,900 42,185 42,900 40,040 Customer relationships 9,700 6,640 9,700 6,430 Covenants not to compete 13,230 9,620 13,230 8,693 Other intangible assets, net $ 172,830 $ 58,445 $ 172,830 $ 55,163
Summary of Estimated Amortization Expense	As of June 30, 2024, estimated future amortization expense was as follows: Fiscal Year Ending: 2024 (remaining six months) $ 1,733 2025 1,827 2026 1,585 2027 741 2028 462 Thereafter 1,037 Total estimated future amortization expense $ 7,385

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Balance at beginning of period $ 1,134,734 $ 1,109,815 Current period acquisitions - 24,919 Balance at end of period $ 1,134,734 $ 1,134,734

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Other Accrued Expenses	Other accrued expenses consisted of the following for the periods presented: As of June 30, 2024 December 31, 2023 Utilities $ 6,968 $ 6,130 Accrued other tax expense 10,432 9,482 Insurance expense 4,723 4,355 Greenfield development accruals - 13,343 Other 5,735 5,428 Total other accrued expenses $ 27,858 $ 38,738 Greenfield development accruals represent an obligation to pay for invoices not yet received, primarily related to land and buildings and improvements, on properties which we have taken control of as of June 30, 2024 and December 31, 2023 .

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following as of the periods presented: As of June 30, 2024 December 31, 2023 First lien term loan $ 925,000 $ 901,201 Revolving line of credit 8,000 - Total debt 933,000 901,201 Less: unamortized discount and debt issuance costs ( 4,526 ) ( 3,777 ) Less: current maturities of long-term debt ( 9,250 ) - Total long-term portion of debt, net $ 919,224 $ 897,424
Schedule of Annual Maturities of Debt	As of June 30, 2024, annual maturities of debt were as follows: Fiscal Year Ending: 2024 (remaining six months) $ 4,625 2025 9,250 2026 9,250 2027 9,250 2028 9,250 Thereafter 891,375 Total maturities of debt $ 933,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Liabilities measured at Fair Value on a Recurring Basis	The following table presents financial liabilities which are measured at fair value on a recurring basis as of June 30, 2024: Fair Value Measurements Total Level 1 Level 2 Level 3 Assets: Deferred compensation plan $ 6,147 $ 6,147 $ - $ - Liabilities: Deferred compensation plan $ 4,221 $ 4,221 $ - $ - Contingent consideration $ 4,750 $ - $ - $ 4,750 The following table presents financial liabilities which are measured at fair value on a recurring basis as of December 31, 2023: Fair Value Measurements Total Level 1 Level 2 Level 3 Assets: Deferred compensation plan $ 5,553 $ 5,553 $ - $ - Liabilities: Deferred compensation plan $ 3,961 $ 3,961 $ - $ - Contingent consideration $ 4,750 $ - $ - $ 4,750

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Balance Sheet Information Related to Leases	Balance sheet information related to leases consisted of the following for the periods presented: As of Classification June 30, 2024 December 31, 2023 Assets Operating Operating right of use assets, net $ 844,564 $ 833,547 Finance Property and equipment, net 12,813 13,315 Total lease assets $ 857,377 $ 846,862 Liabilities Current Operating Current maturities of operating lease liability $ 46,091 $ 43,979 Finance Current maturities of finance lease liability 787 746 Long-term Operating Operating lease liability 814,905 809,409 Finance Financing lease liability 13,630 14,033 Total lease liabilities $ 875,413 $ 868,167
Summary of Components of Total Lease Cost	Components of total lease cost, net, consisted of the following for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating lease expense (a) $ 27,659 $ 25,308 $ 54,871 $ 49,319 Finance lease expense Amortization of lease assets 251 251 502 502 Interest on lease liabilities 260 273 524 549 Short-term lease expense 52 12 103 26 Variable lease expense (b) 2,756 2,113 10,020 8,816 Total $ 30,978 $ 27,957 $ 66,020 $ 59,212 a) Operating lease expense includes an immaterial amount of sublease income and is included in other store operating expenses and general and administrative expenses in the accompanying condensed consolidated statements of operations. b) Variable lease costs consist of property taxes, property insurance, and common area or other maintenance costs for our leases of land and buildings and is included in other store operating expenses in the accompanying condensed consolidated statements of operations.
Summary of Supplemental Information of Leases	The following includes supplemental information for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating cash flows from operating leases $ 26,843 $ 24,934 $ 53,360 $ 48,700 Operating cash flows from finance leases $ 260 $ 273 $ 524 $ 549 Financing cash flows from finance leases $ 182 $ 163 $ 362 $ 324 Operating lease ROU assets obtained in exchange for lease liabilities $ 20,237 $ 48,528 $ 34,947 $ 59,055 Weighted-average remaining operating lease term 13.67 14.06 13.67 14.06 Weighted-average remaining finance lease term 15.19 15.97 15.19 15.97 Weighted-average operating lease discount rate 8.09 % 7.83 % 8.09 % 7.83 % Weighted-average finance lease discount rate 7.33 % 7.33 % 7.33 % 7.33 %
Schedule of Lease Obligation Maturities	As of June 30, 2024, lease obligation maturities were as follows: Fiscal Year Ending: Operating Leases Finance Leases 2024 (remaining six months) $ 54,524 $ 893 2025 110,109 1,787 2026 109,145 1,792 2027 105,372 1,819 2028 99,258 1,846 Thereafter 987,259 18,425 Total future minimum obligations $ 1,465,667 $ 26,562 Less: Present value discount ( 604,671 ) ( 12,145 ) Present value of net future minimum lease obligations $ 860,996 $ 14,417 Less: current portion ( 46,091 ) ( 787 ) Long-term obligations $ 814,905 $ 13,630

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Estimated Grant-Date Fair Value of Stock-Based Awards Using Black-Scholes Option Pricing Model Assumptions	The following table presents, on a weighted-average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant date fair value of stock purchase rights granted under the 2021 ESPP during the periods presented: Six Months Ended June 30, 2024 2023 Expected volatility 49.59 % - 50.14 % 36.30 % - 53.9 % Risk-free interest rate 5.38 % - 5.41 % 4.53 % - 5.26 % Expected term (in years) 0.49 - 0.50 0.49 - 0.50 Expected dividend yield None None
Summary of Stock Option Activity	A summary of our stock option activity during the period presented is as follows: Time Vesting Options Performance Vesting Options Total Number of Stock Options Weighted-Average Exercise Price Outstanding as of December 31, 2023 11,744,894 7,705,114 19,450,008 $ 3.21 Granted 1,621,444 - 1,621,444 $ 7.03 Exercised ( 2,936,519 ) ( 4,779,311 ) ( 7,715,830 ) $ 0.63 Forfeited ( 150,504 ) - ( 150,504 ) $ 8.97 Outstanding as of June 30, 2024 10,279,315 2,925,803 13,205,118 $ 5.13 Options vested or expected to vest as of June 30, 2024 9,641,439 2,925,803 12,567,242 $ 9.91 Options exercisable as of June 30, 2024 6,299,481 2,925,803 9,225,284 $ 3.67
Schedule of Weighted Average Grant Date Fair Value of Stock Options	The number and weighted-average grant date fair value of stock options during the period presented are as follows: Number of Stock Options Weighted-Average Time Vesting Options Performance Vesting Options Time Vesting Options Performance Vesting Options Non-vested as of December 31, 2023 3,629,454 - $ 4.39 - Non-vested as of June 30, 2024 3,979,836 - $ 3.84 - Granted during the period 1,621,444 - $ 3.05 - Vested during the period 1,153,272 - $ 4.51 - Forfeited/canceled during the period 117,790 - $ 3.97 -
Summary of Restricted Stock Activity	our RSU activity during the period presented is as follows: Restricted Stock Units Weighted-Average Grant Date Fair Value Unvested as of December 31, 2023 3,718,505 $ 9.98 Granted 2,996,219 $ 7.03 Vested ( 1,253,515 ) $ 10.62 Forfeited ( 325,976 ) $ 9.07 Unvested as of June 30, 2024 5,135,233 $ 8.16
Summary of Stock-Based Compensation Expense	Total stock-based compensation expense, by caption, recorded in the condensed consolidated statements of operations for the periods presented is as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of labor and chemicals $ 2,465 $ 2,093 $ 4,938 $ 4,143 General and administrative 3,441 3,900 7,214 7,211 Total stock-based compensation expense $ 5,906 $ 5,993 $ 12,152 $ 11,354 Total stock-based compensation expense, by award type, recorded in the condensed consolidated statements of operations for the periods presented is as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Time Vesting Options $ 1,382 $ 1,774 $ 2,959 $ 3,370 RSUs 4,348 3,961 8,755 7,440 2021 ESPP 176 258 438 544 Total stock-based compensation expense $ 5,906 $ 5,993 $ 12,152 $ 11,354
Time Vesting Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Estimated Grant-Date Fair Value of Stock-Based Awards Using Black-Scholes Option Pricing Model Assumptions	The following table presents, on a weighted-average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant date fair value of Time Vesting Options granted under the 2021 Plan during the periods presented: Six Months Ended June 30, 2024 2023 Expected volatility 45.98 % 43.74 % - 44.68 % Risk-free interest rate 4.52 % 3.68 % - 4.21 % Expected term (in years) 6.0 6.0 - 6.26 Expected dividend yield None None

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2024
Two Thousand Twenty Three Acquisitions
Schedule of Business Acquisitions	Location (Seller) Number of Washes Month Acquired Arizona (Dynamite Car Wash) 1 April California (Cruizers Car Wash) 5 July

Nature of Business - Additional

Nature of Business - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 CarWash State
Nature Of Business [Line Items]
Disposal date of operations	Jun. 30, 2024
Number of states in entity operates | State	21
Retail Site
Nature Of Business [Line Items]
Number of operating segments | CarWash	491

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Tax Credit Carryforward [Line Items]
Restricted Cash	$ 145	$ 145	$ 72	$ 138
Allowance for doubtful accounts	39	39	$ 68
Employee retention credit, qualified amount	0	5,189
Tax Advisory Costs		526
General and Administrative
Tax Credit Carryforward [Line Items]
Tax Advisory Costs	$ 0	$ 526

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Other Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Construction receivable	$ 7,097	$ 6,480
Income tax receivable	1,500	3,051
Insurance receivable	4,118	3,686
Employee retention credit receivable	5,189	0
Other	1,539	1,497
Total other receivables	$ 19,443	$ 14,714

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Chemical washing solutions	$ 5,979	$ 9,135
Reserve for obsolescence	(120)	(183)
Total inventory, net	$ 5,859	$ 8,952

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Composition of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation Of Revenue [Line Items]
Net revenues	$ 255,043	$ 236,894	$ 494,226	$ 462,854
Recognized Over Time
Disaggregation Of Revenue [Line Items]
Net revenues	184,082	164,733	360,341	321,624
Recognized at a Point in Time
Disaggregation Of Revenue [Line Items]
Net revenues	70,861	72,029	133,707	140,999
Other Revenue
Disaggregation Of Revenue [Line Items]
Net revenues	$ 100	$ 132	$ 178	$ 231

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Schedule of Reconciliations of Numerators and Denominators of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net income	$ 22,091	$ 16,637	$ 27,132	$ 21,136	$ 38,728	$ 48,268
Denominator:
Weighted-average common shares outstanding - basic	319,415,156		309,314,858		317,626,972	308,308,972
Effect of potentially dilutive securities:
Weighted-average common shares outstanding - diluted	328,325,135		328,283,353		329,168,640	327,951,399
Net income per share - basic	$ 0.07		$ 0.09		$ 0.12	$ 0.16
Net income per share - diluted	$ 0.07		$ 0.08		$ 0.12	$ 0.15
Employee Stock Option
Effect of potentially dilutive securities:
Weighted-average common shares outstanding - diluted	7,509,205		18,363,467		10,097,192	19,081,022
Restricted Stock Units
Effect of potentially dilutive securities:
Weighted-average common shares outstanding - diluted	1,399,443		603,008		1,428,419	550,611
Employee Stock Purchase Plan
Effect of potentially dilutive securities:
Weighted-average common shares outstanding - diluted	1,331		2,020		16,057	10,794

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Schedule of Antidilutive Shares Excluded from Computation of Diluted Net Income Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	4,153,264	3,555,410	3,909,744	3,116,583
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	1,336,924	235,216	668,462	295,808
Employee Stock Purchase Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	95,582	88,163	49,358	45,891

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 1,117,140	$ 999,116
Less: accumulated depreciation	(296,920)	(270,706)
Less: accumulated amortization - finance leases	(3,791)	(3,289)
Property and equipment, net	816,429	725,121
Land
Property Plant And Equipment [Line Items]
Property and equipment, gross	129,770	121,960
Buildings and Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	312,646	263,468
Finance Leases [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	16,604	16,604
Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	141,812	135,861
Vehicles and Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	313,283	285,127
Furniture, Fixtures and Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	102,491	100,457
Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 100,534	$ 75,639

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 18,372	$ 14,555	$ 36,072	$ 29,934
Amortization expense	$ 251	$ 251	$ 502	$ 502

Other Intangible Assets, Net -

Other Intangible Assets, Net - Summary of Components of Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 172,830	$ 172,830
Accumulated Amortization	58,445	55,163
Trade names and Trademarks
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	107,000	107,000
Accumulated Amortization	0	0
C P C Unity System
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	42,900	42,900
Accumulated Amortization	42,185	40,040
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,700	9,700
Accumulated Amortization	6,640	6,430
Covenants Not to Compete
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,230	13,230
Accumulated Amortization	$ 9,620	$ 8,693

Other Intangible Assets, Net _2

Other Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization of Intangible Assets	$ 1,638	$ 1,706	$ 3,282	$ 3,383

Other Intangible Assets, Net _3

Other Intangible Assets, Net - Summary of Estimated Amortization Expense (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2024 (remaining six months)	$ 1,733
2025	1,827
2026	1,585
2027	741
2028	462
Thereafter	1,037
Total estimated future amortization expense	$ 7,385

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at beginning of period	$ 1,134,734	$ 1,109,815
Current period acquisitions	0	24,919
Balance at end of period	$ 1,134,734	$ 1,134,734

Other Accrued Expenses - Schedu

Other Accrued Expenses - Schedule of Other Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Utilities	$ 6,968	$ 6,130
Accrued other tax expense	10,432	9,482
Insurance expense	4,723	4,355
Greenfield development accruals	0	13,343
Other	5,735	5,428
Total other accrued expenses	$ 27,858	$ 38,738

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate	3%	22.40%
Year to provision for income tax effective tax rate	25.50%	25.50%
Favourable tax impact	$ 6,399	$ 1,875
Unrecognized tax benefits	$ 219	$ 0

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
First lien term loan	$ 933,000
Less: current maturities of long-term debt	(9,250)	$ 0
Total long-term portion of debt, net	919,224	897,424
Senior Notes [Member]
Debt Instrument [Line Items]
First lien term loan	925,000	901,201
Revolving line of credit	8,000	0
Total debt	933,000	901,201
Less: unamortized discount and debt issuance costs	(4,526)	(3,777)
Less: current maturities of long-term debt	$ (9,250)	$ 0

Debt - Schedule of Annual Matur

Debt - Schedule of Annual Maturities of Debt (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2024 (remaining six months)	$ 4,625
2025	9,250
2026	9,250
2027	9,250
2028	9,250
Thereafter	891,375
Total maturities of debt	$ 933,000

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Thousands			1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Feb. 01, 2020	Aug. 21, 2014	May 31, 2019	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2021	Jun. 30, 2021
Debt Instrument [Line Items]
Unamortized discount and debt issuance costs				$ 6,694			$ 6,694		$ 4,030
Accumulated amortization of discount and debt issuance costs				3,499			3,499		$ 6,145
Amortization of deferred debt issuance costs				303		$ 423	713	$ 842
Loss on extinguishment of debt				$ 0		$ 0	$ (1,882)	0
Long-term Debt, Description							Under the First Lien Term Loan under the Credit Agreement, we had the option of selecting either (i) a Base Rate interest rate plus a fixed margin of 2.25% or (ii) a Eurodollar (LIBOR) interest rate for one, two, three or six months plus a fixed margin of 3.25%.
Debt Instrument, Interest Rate, Effective Percentage				8.34%			8.34%		8.46%
Proceeds from debt borrowings							$ 925,000	$ 0
Maturity date					Mar. 31, 2031
Line of Credit Facility, Expiration Date										May 14, 2026
Amount Outstanding				$ 933,000			$ 933,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage							0.25%		0.25%
2024 Term Loan
Debt Instrument [Line Items]
Loss on extinguishment of debt					$ (1,882)
Maximum Available Borrowing Capacity					$ 925,000
Debt Instrument, Frequency of Periodic Payment							The SOFR rate has a floor of 0.00%. Starting September 30, 2024, the loans will be amortized in equal quarterly installments at an annual rate of 1.00% of the original principal amount.
Standby Letters of Credit
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount				284			$ 284		$ 807
Available Standby Letters of Credit				90,000			$ 90,000
Letter of Credit, Expiration							Any letter of credit issued under the Amended and Restated Credit Agreement has an expiration date which is the earlier of (i) no later than 12 months from the date of issuance or (ii) five business days prior to the maturity date of the Revolving Commitments, as amended under Amendment No. 2 to the Amended and Restated First Lien Credit Agreement
Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.50%	2%
Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3%	2.50%
First Lien Term Loan
Debt Instrument [Line Items]
Long-term Debt, Description	In February 2020, we entered into Amendment No. 1 to Amended and Restated First Lien Credit Agreement, which changed the interest rate spreads associated with the credit agreement where (i) the variable margin associated with the Base Rate interest rate plus a variable margin based on our First Lien Net Leverage Ratio changed from 2.25% to 2.50% to 2.00% to 2.25% and (ii) the variable margin associated with the Eurodollar Rate interest rate for one, two, three or six months plus a variable margin based on our First Lien Net Leverage Ratio changed from 3.25% to 3.50% to 3.00% to 3.25%.
Proceeds from debt borrowings										$ 285,962
Amount Outstanding				925,000			$ 925,000		901,201
First Lien Term Loan | Line of Credit
Debt Instrument [Line Items]
Revolving Commitment				300,000			$ 300,000
First Lien Term Loan | Minimum
Debt Instrument [Line Items]
Maximum Available Borrowing Capacity										290,000
First Lien Term Loan | Maximum
Debt Instrument [Line Items]
Maximum Available Borrowing Capacity										$ 903,301
Amended and Restated First Lien Credit Agreement
Debt Instrument [Line Items]
Long-term Debt, Description							The Credit Agreement requires the Borrower to maintain a Rent Adjusted Total Net Leverage Ratio no greater than 6.50 to 1.00, tested quarterly beginning with the quarter ending September 30, 2024, for the benefit of lenders holding the Revolving Commitments.
Rent adjusted total net leverage ratio					6.50 to 1.00
Amended and Restated First Lien Credit Agreement | Minimum
Debt Instrument [Line Items]
Maximum Available Borrowing Capacity					$ 150,000
Amended and Restated First Lien Credit Agreement | Maximum
Debt Instrument [Line Items]
Maximum Available Borrowing Capacity					300,000
Outstanding Term Loans | 2024 Term Loan
Debt Instrument [Line Items]
Maximum Available Borrowing Capacity					901,201
Incremental Term Commitments | 2024 Term Loan
Debt Instrument [Line Items]
Maximum Available Borrowing Capacity					$ 23,799
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt, Description							Under the Revolving Commitment under the Credit Agreement, we had the option of selecting either (i) a Base Rate interest rate plus a variable margin of 2.50% to 3.00%, based on our First Lien Net Debt Leverage Ratio, or (ii) a Eurodollar (LIBOR) interest rate for one, two, three or six months plus a variable margin of 3.50% to 4.00%, based on our First Lien Net Leverage Ratio.
Maximum Available Borrowing Capacity				291,716			$ 291,716		149,193
Amount Outstanding				$ 8,000			$ 8,000		$ 0
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Maximum Available Borrowing Capacity			$ 50,000								$ 75,000
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Maximum Available Borrowing Capacity			$ 75,000								$ 150,000
LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.25%
LIBOR Margin
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.25%
Eurodollar | Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.50%	3%
Eurodollar | Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		4%	3.50%
SOFR
Debt Instrument [Line Items]
Floor Interest Rate					0%
SOFR | 2024 Term Loan
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					3%
SOFR | Minimum | 2024 Term Loan
Debt Instrument [Line Items]
Increase (Decrease) in Interest rate					2.50%
SOFR | Maximum | 2024 Term Loan
Debt Instrument [Line Items]
Increase (Decrease) in Interest rate					2.75%
SOFR | Amended and Restated First Lien Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					2.50%
Base Rate | 2024 Term Loan
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					2%
Base Rate | Minimum | 2024 Term Loan
Debt Instrument [Line Items]
Increase (Decrease) in Interest rate					1.50%
Base Rate | Maximum | 2024 Term Loan
Debt Instrument [Line Items]
Increase (Decrease) in Interest rate					1.75%
Base Rate | Amended and Restated First Lien Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					1.50%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Liabilities measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deferred Compensation Plan [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, fair value disclosure	$ 6,147	$ 5,553
Liabilities:
Liabilities, fair value disclosure	4,221	3,961
Contingent consideration [Member]
Liabilities:
Liabilities, fair value disclosure	4,750	4,750
Level 1
Liabilities:
Liabilities, fair value disclosure	0
Level 1 | Deferred Compensation Plan [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, fair value disclosure	6,147	5,553
Liabilities:
Liabilities, fair value disclosure	4,221	3,961
Level 1 | Contingent consideration [Member]
Liabilities:
Liabilities, fair value disclosure		0
Level 2 | Deferred Compensation Plan [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, fair value disclosure	0	0
Liabilities:
Liabilities, fair value disclosure	0	0
Level 2 | Contingent consideration [Member]
Liabilities:
Liabilities, fair value disclosure	0	0
Level 3
Assets, Fair Value Disclosure [Abstract]
Assets, fair value disclosure	0	0
Liabilities:
Liabilities, fair value disclosure	0	0
Level 3 | Deferred Compensation Plan [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, fair value disclosure	0	0
Liabilities:
Liabilities, fair value disclosure	0	0
Level 3 | Contingent consideration [Member]
Liabilities:
Liabilities, fair value disclosure	$ 4,750	$ 4,750

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value, assets, level 1 to level 2 transfers, amount	$ 0	$ 0	$ 0	$ 0
Fair value, assets, level 2 to level 1 transfers, amount1	0		$ 0			$ 0
Fair value, assets transfers into level 3, amount	0			0
Fair value, assets transfers out of level 3, amount	0			0
Cash and cash equivalents fair value investment					$ 0	0
Deferred Compensation Arrangement with Individual, Description			The plan allows eligible participants to defer up to 90% of their base salary and/or incentive plan compensation as well as any refunds from our 401(k) Plan. Participants may elect investment funds selected by the Company in whole percentages
Fair value, liabilities transfers into level 3, amount			$ 0
Payment made upon receipts of certificate of occupancy	0	$ 0	0	$ 500
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value disclosure	0		0
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0		0			0
Liabilities, fair value disclosure	$ 0		$ 0			$ 0

Leases - Schedule of Balance Sh

Leases - Schedule of Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Operating right of use assets, net	$ 844,564	$ 833,547
Total lease assets	857,377	846,862
Current
Current maturities of operating lease liability	46,091	43,979
Current maturities of finance lease liability	787	746
Long-term
Operating lease liability	814,905	809,409
Financing lease liability	13,630	14,033
Total lease laibilities	875,413	868,167
Finance Lease [Member]
Assets
Property and equipment, net	$ 12,813	$ 13,315
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets

Leases - Summary of Components

Leases - Summary of Components of Total Lease Cost (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease expense	[1]	$ 27,659	$ 25,308	$ 54,871	$ 49,319
Amortization of lease assets		251	251	502	502
Interest on lease liabilities		260	273	524	549
Short-term lease expense		52	12	103	26
Variable lease expense	[2]	2,756	2,113	10,020	8,816
Total		$ 30,978	$ 27,957	$ 66,020	$ 59,212
[1] Operating lease expense includes an immaterial amount of sublease income and is included in other store operating expenses and general and administrative expenses in the accompanying condensed consolidated statements of operations. Variable lease costs consist of property taxes, property insurance, and common area or other maintenance costs for our leases of land and buildings and is included in other store operating expenses in the accompanying condensed consolidated statements of operations.

Leases - Summary of Supplementa

Leases - Summary of Supplemental Information of Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating cash flows from operating leases	$ 26,843	$ 24,934	$ 53,360	$ 48,700
Operating cash flows from finance leases	260	273	524	549
Financing cash flows from finance leases	182	163	362	324
Operating lease ROU assets obtained in exchange for lease liabilities	$ 20,237	$ 48,528	$ 34,947	$ 59,055
Weighted-average remaining operating lease term	13 years 8 months 1 day	14 years 21 days	13 years 8 months 1 day	14 years 21 days
Weighted-average remaining finance lease term	15 years 2 months 8 days	15 years 11 months 19 days	15 years 2 months 8 days	15 years 11 months 19 days
Weighted-average operating lease discount rate	8.09%	7.83%	8.09%	7.83%
Weighted-average finance lease discount rate	7.33%	7.33%	7.33%	7.33%

Leases - Schedule of Lease Obli

Leases - Schedule of Lease Obligation Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
2024 (remaining six months)	$ 54,524
2025	110,109
2026	109,145
2027	105,372
2028	99,258
Thereafter	987,259
Total future minimum obligations	1,465,667
Less: Present value discount	(604,671)
Present value of net future minimum lease obligations	860,996
Less: current portion	(46,091)	$ (43,979)
Long-term obligations	814,905	809,409
2024 (remaining six months)	893
2025	1,787
2026	1,792
2027	1,819
2028	1,846
Thereafter	18,425
Total future minimum obligations	26,562
Less: Present value discount	(12,145)
Present value of net future minimum lease obligations	14,417
Less: current portion	(787)	(746)
Long-term obligations	$ 13,630	$ 14,033

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) Lease Transaction	Jun. 30, 2023 USD ($) Transaction	Jun. 30, 2024 USD ($) Transaction Lease	Jun. 30, 2023 USD ($) Transaction	Dec. 31, 2023 Lease
Lessor Lease Description [Line Items]
Number of Leases | Lease	12		12		14
Number of sale leaseback transaction | Transaction	3	10	4	12
Sale and leaseback transaction, aggregate consideration	$ 13,845	$ 80,042	$ 18,745	$ 89,255
Sale and leaseback transaction, gain (loss), net	(2,658)	4,896	$ (961)	5,226
Sale leaseback transaction, lease term			20-year
Sale and lease back transaction, annual rent	$ 881	$ 5,028	$ 1,187	$ 5,587
Minimum [Member]
Lessor Lease Description [Line Items]
Lease not yet commenced, term of contract	15 years		15 years		15 years
Maximum [Member]
Lessor Lease Description [Line Items]
Lease not yet commenced, term of contract	20 years		20 years		20 years

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock shares issued	327,568,109	318,366,628
Common stock, shares, outstanding	321,395,188	315,192,401
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock shares, issued	0	0
Preferred stock shares, outstanding	0	0
Shares repurchased, shares	(2,998,694)
Treasury Stock, Common, Shares	6,172,921	3,174,227
Treasury Stock, Value	$ 28,895	$ 6,091

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted			1,621,444
Share-based compensation arrangement by share-based payment award, options, vested in period, fair value			$ 8,470,000
Stock based compensation expense	$ 5,906,000	$ 5,993,000	$ 12,152,000	$ 11,354,000
Stock based compensation expense estimated forfeiture rate			10.03%
Restricted Stock Shares, Granted			2,996,219
Restricted Stock grant date fair value			$ 7.03
Time Vesting Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted			1,621,444
Stock based compensation expense	1,382,000	1,774,000	$ 2,959,000	3,370,000
Unrecognized compensation expense, total	8,276,000		8,276,000
Share based compensation arrangement by share based payment award options total grant date fair value			$ 4,945,000
Weighted-average period for recognition of compensation expense related to unvested awards			2 years 4 months 6 days
Performance Vesting Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted			0
Restricted Stock Units RSU
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, weighted average remaining contractual term			9 years 4 months 6 days
Stock based compensation expense	4,348,000	$ 3,961,000	$ 8,755,000	$ 7,440,000
Unrecognized compensation expense, total	25,738,000		25,738,000
Restricted stock units vested upon grant			$ 8,908,000
Weighted-average period for recognition of compensation expense related to unvested awards			2 years 6 months 7 days
Restricted Stock Shares, Granted			2,996,219
Restricted Stock grant date fair value			$ 21,054
Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, weighted average remaining contractual term			5 years 6 months 10 days
Initial Public Offering | Performance Vesting Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense			$ 0
Two Thousand And Twenty One Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense, total	$ 298,000		$ 298,000
Weighted-average period for recognition of compensation expense related to unvested awards			4 months 17 days

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Estimated Grant-Date Fair Values of Stock-Based Awards Using Black-Scholes Option Pricing Model Assumptions (Details)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected dividend yield	0%	0%
Time Vesting Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected votatility	45.98%
Risk-free interest rate	4.52%
Expected term (in years)	6 years
Expected dividend yield	0%	0%
Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected votatility	50.14%	53.90%
Risk-free interest rate	5.41%	5.26%
Expected term (in years)	6 months	6 months
Maximum | Time Vesting Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected votatility		44.68%
Risk-free interest rate		4.21%
Expected term (in years)		6 years 3 months 3 days
Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected votatility	49.59%	36.30%
Risk-free interest rate	5.38%	4.53%
Expected term (in years)	5 months 26 days	5 months 26 days
Minimum | Time Vesting Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected votatility		43.74%
Risk-free interest rate		3.68%
Expected term (in years)		6 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Details) - $ / shares	6 Months Ended
	Jun. 30, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding Beginning Balance	19,450,008
Granted	1,621,444
Exercised	(7,715,830)
Forfeited	(150,504)
Outstanding Ending Balance	13,205,118
Options vested or expected to vest as of March 31, 2024	12,567,242
Options exercisable as of March 31, 2024	9,225,284
Outstanding Beginning Balance	$ 3.21
Granted	7.03
Exercised	0.63
Forfeited	8.97
Outstanding Ending Balance	5.13
Options vested or expected to vest as of March 31, 2024	9.91
Options exercisable as of March 31, 2024	$ 3.67
Time Vesting Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding Beginning Balance	11,744,894
Granted	1,621,444
Exercised	(2,936,519)
Forfeited	(150,504)
Outstanding Ending Balance	10,279,315
Options vested or expected to vest as of March 31, 2024	9,641,439
Options exercisable as of March 31, 2024	6,299,481
Performance Vesting Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding Beginning Balance	7,705,114
Granted	0
Exercised	(4,779,311)
Forfeited	0
Outstanding Ending Balance	2,925,803
Options vested or expected to vest as of March 31, 2024	2,925,803
Options exercisable as of March 31, 2024	2,925,803

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary Of Weighted-Average Grant Date Fair Value Of Stock Options (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	1,621,444
Time Vesting Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-vested as of December 31, 2023	3,629,454
Non-vested as of June 30, 2024	3,979,836
Granted	1,621,444
Vested during the period	1,153,272
Forfeited/canceled during the period	117,790
Weighted-Average non-vested exercise price as of as of December 31, 2023 | $ / shares	$ 4.39
Weighted-Average non-vested exercise price as of as of June 30, 2024 | $ / shares	3.84
Granted during the period | $ / shares	3.05
Vested during the period | $ / shares	4.51
Forfeited/canceled during the period | $ / shares	$ 3.97
Performance Vesting Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-vested as of December 31, 2023	0
Non-vested as of June 30, 2024	0
Granted	0
Vested during the period	0
Forfeited/canceled during the period	0
Weighted-Average non-vested exercise price as of as of December 31, 2023 | $ / shares	$ 0
Weighted-Average non-vested exercise price as of as of June 30, 2024 | $ / shares	0
Granted during the period | $ / shares	0
Vested during the period | $ / shares	0
Forfeited/canceled during the period | $ / shares	$ 0

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Restricted Stock Activity (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Unvested Restricted Stock Shares, Beginning Balance | shares	3,718,505
Unvested Restricted Stock Shares, Granted | shares	2,996,219
Unvested Restricted Stock Shares, Vested | shares	(1,253,515)
Unvested Restricted Stock Shares, Forfeited | shares	(325,976)
Unvested Restricted Stock Shares, Ending Balance | shares	5,135,233
Unvested Restricted Stock Weighted-average grant date fair value per share Beginning Balance | $ / shares	$ 9.98
Unvested Restricted Stock Weighted-average grant date fair value per share [Granted] | $ / shares	7.03
Unvested Restricted Stock Weighted-average grant date fair value per share [Vested] | $ / shares	10.62
Unvested Restricted Stock Weighted-average grant date fair value per share [Forfeited] | $ / shares	9.07
Unvested Restricted Stock Weighted-average grant date fair value per share Ending Balance | $ / shares	$ 8.16

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 5,906	$ 5,993	$ 12,152	$ 11,354
Time Vesting Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	1,382	1,774	2,959	3,370
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	4,348	3,961	8,755	7,440
Two Thousand And Twenty One Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	176	258	438	544
Cost of Labor and Chemicals
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	2,465	2,093	4,938	4,143
General and Administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 3,441	$ 3,900	$ 7,214	$ 7,211

Business Combinations - Additio

Business Combinations - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) CarWash	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) CarWash	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Acquisition costs	$ 0	$ 33	$ 0	$ 33
Number of car washes | CarWash			0
Goodwill	$ 1,134,734		$ 1,134,734		$ 1,134,734	$ 1,109,815
Business Combination, Bargain Purchase, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]					Gain (Loss) on Disposition of Property Plant Equipment
Two Thousand Twenty Three Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred					$ 51,217
Goodwill					24,919
Property and equipment					22,555
ROU assets					3,580
Intangible assets related to covenants not to compete					640
Other assets and liabilities					101
Bargain purchase gain					$ 376
Two Thousand Twenty Three Acquisitions [Member] | Retail Site
Business Acquisition [Line Items]
Number of car washes | CarWash					6

Business Combinations - Schedul

Business Combinations - Schedule of Business Acquisitions (Details) - CarWash	1 Months Ended		6 Months Ended
	Jul. 31, 2023	Apr. 30, 2023	Jun. 30, 2024
Business Acquisition [Line Items]
Number of car washes			0
Arizona | Two Thousand Twenty Three Acquisitions
Business Acquisition [Line Items]
Number of car washes		1
California | Two Thousand Twenty Three Acquisitions
Business Acquisition [Line Items]
Number of car washes	5

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Long-term portion of debt, net	$ 919,224	$ 897,424

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Loss contingency, receivable, current	$ 4,118	$ 3,686
Loss contingency, amount of insurance-related assessment liability, payment period	one year
Environmental remediation expense	$ 15	15
Other Accrued Expenses [Member]
Loss Contingencies [Line Items]
Loss contingency, amount of insurance-related assessment accrued liability	4,645	4,311
Other Receivable [Member]
Loss Contingencies [Line Items]
Loss contingency, receivable, current	$ 4,118	$ 3,686