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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net Income Per Share

For the three and six months ended June 30, 2022 and 2021, a reconciliation of the numerator and denominator used in the calculation of basic and diluted net income per share is as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated net income

 

$

18,061

 

 

$

27,396

 

 

$

36,899

 

 

$

46,947

 

Net loss attributable to redeemable noncontrolling interest

 

 

(1,223

)

 

 

(656

)

 

 

(2,295

)

 

 

(3,466

)

Accretion of redeemable noncontrolling interest to redemption value

 

 

29,620

 

 

 

 

 

 

111,620

 

 

 

 

Net (loss) income attributable to common stockholders — basic

 

$

(10,336

)

 

$

28,052

 

 

$

(72,426

)

 

$

50,413

 

Net loss attributable to redeemable noncontrolling interest

 

 

 

 

 

(656

)

 

 

 

 

 

(656

)

Net (loss) income attributable to common stockholders — diluted

 

$

(10,336

)

 

$

27,396

 

 

$

(72,426

)

 

$

49,757

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares of common stock used
   in computing net income per share attributable to
   common stockholders — basic

 

 

118,390,641

 

 

 

117,124,895

 

 

 

118,211,975

 

 

 

116,722,913

 

Dilutive effect of share equivalents resulting from stock
   options

 

 

 

 

 

450,512

 

 

 

 

 

 

481,802

 

Dilutive effect of share equivalents resulting from
   unvested restricted stock units

 

 

 

 

 

300,916

 

 

 

 

 

 

360,363

 

Dilutive effect of share equivalents resulting from CarOffer
   incentive units and noncontrolling interest

 

 

 

 

 

1,577,781

 

 

 

 

 

 

788,891

 

Weighted-average number of shares of common stock
   used in computing net income per share attributable to
   common stockholders — diluted

 

 

118,390,641

 

 

 

119,454,104

 

 

 

118,211,975

 

 

 

118,353,969

 

Net (loss) income per share attributable to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.09

)

 

$

0.24

 

 

$

(0.61

)

 

$

0.43

 

Diluted

 

$

(0.09

)

 

$

0.23

 

 

$

(0.61

)

 

$

0.42

 

Schedule of Potentially Dilutive Common Stock Equivalents Excluded from Calculation of Diluted Weighted-average Shares Outstanding

For the three and six months ended June 30, 2022 and 2021, potentially dilutive common stock equivalents that have been excluded from the calculation of diluted weighted-average shares outstanding as their effect would have been anti-dilutive are as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Stock options outstanding

 

 

885,547

 

 

 

588,490

 

 

 

914,870

 

 

 

457,714

 

Restricted stock units outstanding

 

 

4,296,625

 

 

 

2,849,737

 

 

 

4,186,653

 

 

 

2,671,279

 

CO Incentive Units, Subject Units and noncontrolling
   interest

 

 

15,205,940

 

 

 

 

 

 

11,498,025