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Equity (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of basic and diluted earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Class A stockholders - basic

 

$

6,160

 

 

$

 

 

$

6,160

 

 

$

 

Plus: net income attributable to temporary equity

 

 

26,271

 

 

 

 

 

 

26,271

 

 

 

 

Net income attributable to Class A stockholders - diluted

 

$

32,431

 

 

$

 

 

$

32,431

 

 

$

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

12,522

 

 

 

 

 

 

12,522

 

 

 

 

Effect of dilutive securities

 

 

71,319

 

 

 

 

 

 

71,319

 

 

 

 

Weighted average shares outstanding - diluted

 

 

83,841

 

 

 

 

 

 

83,841

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share - basic

 

$

0.49

 

 

 

 

 

$

0.49

 

 

 

 

Net income per common share - diluted

 

$

0.39

 

 

 

 

 

$

0.39

 

 

 

 

Schedule of computation of diluted earnings per share

The Company had the following shares that were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive for the periods presented but could potentially dilute basic earnings per share in future periods (in thousands):

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

2022

 

 

2021

 

2022

 

 

2021

Warrants

 

 

5,312

 

 

 

 

 

5,312

 

 

 

Unvested share-based compensation awards

 

 

693

 

 

 

 

 

693

 

 

 

Total

 

 

6,005

 

 

 

 

 

6,005