NON-CONTROLLING INTEREST AND INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

NON-CONTROLLING INTEREST AND INCOME PER SHARE

Schedule of controlling and non-controlling interest

	2021		2022
Focus LLC common units	12,338,777		11,653,693
Focus LLC restricted common units	71,374		192,463
Common unit equivalents of outstanding vested and unvested Focus LLC incentive units(1)	8,656,088		3,680,928
Total common units, restricted common units and common unit equivalents attributable to non-controlling interest	21,066,239		15,527,084
Total common units, restricted common units and common unit equivalents of incentive units outstanding	81,381,580		81,393,016
Non-controlling interest allocation	25.9	%	19.1	%
Company’s interest in Focus LLC	74.1	%	80.9	%

(1) Focus LLC common units issuable upon conversion of 16,233,899 and 16,165,917 (see Note 9) vested and unvested Focus LLC incentive units outstanding as of September 30, 2021 and 2022, respectively, was

calculated using the common unit equivalent of vested and unvested Focus LLC incentive units based on the closing price of the Company’s Class A common stock on the last trading day of the periods.

Schedule of calculation of basic income per share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2022		2021		2022
Net income attributable to common shareholders	$	649	$	29,249	$	2,882	$	91,434
Weighted average shares of Class A common stock outstanding		59,940,166		65,599,493		55,978,639		65,441,151
Basic income per share	$	0.01	$	0.45	$	0.05	$	1.40

Schedule of calculation of diluted income per share

	Three Months Ended				Nine Months Ended
		September 30,				September 30,
	2021		2022		2021		2022
Net income attributable to common shareholders	$	649	$	29,249	$	2,882	$	91,434
Weighted average shares of Class A common stock outstanding		59,940,166		65,599,493		55,978,639		65,441,151
Effect of dilutive stock options		441,809		197,520		420,801		264,938
Effect of dilutive restricted stock units		56,535		24,215		47,630		23,250
Total		60,438,510		65,821,228		56,447,070		65,729,339
Diluted income per share	$	0.01	$	0.44	$	0.05	$	1.39