Quarterly report [Sections 13 or 15(d)]

Noncontrolling Interest (Tables)

v3.25.2
Noncontrolling Interest (Tables)
6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Abstract]  
Schedule of Noncontrolling Interest Issuance and Exchange Activity The following tables provide the issuance and exchange activity of the Opco Class B Units and the corresponding fully diluted noncontrolling interest ownership percentage in Forward Air as of June 30, 2025 and 2024, respectively based on such exchange activity.
Opco Class B Units
Fully Diluted Ownership
Outstanding units at December 31, 2024
10,088  25.3  %
Exchanged into shares of Common Stock
(585)
Outstanding units at March 31, 2025
9,503  23.8  %
Exchanged into shares of Common Stock
(80)
Outstanding units at June 30, 2025
9,423  23.5  %
Opco Class B Units
Opco Series C-2 Preferred Units
Fully Diluted Ownership
Outstanding units at December 31, 2023
—  —  0.0  %
Units issued in the Omni Acquisition
4,435  7,670 
Outstanding units at March 31, 2024
4,435  7,670  31.4  %
Conversion of Opco Series C-2 preferred units to Opco Class B units
7,670  (7,670)
Outstanding units at June 30, 2024
12,105  —  30.4  %