XML 45 R34.htm IDEA: XBRL DOCUMENT v3.22.2
Net Income (Loss) per Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Three Months EndedSix Months Ended
(In thousands)June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Basic Net Income (Loss) Per Share
Numerator:
Net income (loss) attributable to Liberty Energy Inc. stockholders$105,156 $(50,560)$99,780 $(84,765)
Denominator:
Basic weighted average common shares outstanding186,719 172,523 185,367 167,891 
Basic net income (loss) per share attributable to Liberty Energy Inc. stockholders$0.56 $(0.29)$0.54 $(0.50)
Diluted Net Income (Loss) Per Share
Numerator:
Net income (loss) attributable to Liberty Energy Inc. stockholders$105,156 $(50,560)$99,780 $(84,765)
Effect of exchange of the shares of Class B Common Stock for shares of Class A Common Stock183 — 79 — 
Diluted net income (loss) attributable to Liberty Energy Inc. stockholders$105,339 $(50,560)$99,859 $(84,765)
Denominator:
Basic weighted average shares outstanding186,719 172,523 185,367 167,891 
Effect of dilutive securities:
Restricted stock units3,396 — 4,049 — 
Class B Common Stock326 — 1,207 — 
Diluted weighted average shares outstanding190,441 172,523 190,623 167,891 
Diluted net income (loss) per share attributable to Liberty Energy Inc. stockholders$0.55 $(0.29)$0.52 $(0.50)
Schedule of Antidilutive Securities In accordance with GAAP, diluted weighted average common shares presented above do not include certain weighted average shares of Class B Common Stock and restricted stock units, because to do so would have had an antidilutive effect, as follows:
Three Months EndedSix Months Ended
(In thousands)June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Weighted average shares of Class B Common Stock7 7,641 — 11,963 
Weighted average shares of restricted stock units— 4,107 — 3,700