XML 45 R36.htm IDEA: XBRL DOCUMENT v3.22.1
Earnings (Loss) per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The following tables set forth the computation of our earnings (loss) per share:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

(14.1

)

 

$

6.3

 

Net income (loss) attributable to common stockholders for basic and diluted EPS

 

$

(14.1

)

 

$

6.3

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

81,573,467

 

 

 

73,559,340

 

Dilutive effect of assumed vesting of RSUs and PRSUs

 

 

-

 

 

 

632,804

 

Dilutive effect of Class A and Class C earnout shares

 

 

-

 

 

 

2,056,370

 

Diluted weighted average common shares outstanding

 

 

81,573,467

 

 

 

76,248,514

 

 

 

 

 

 

 

 

Earnings (loss) per share attributable to common stockholders

 

 

 

 

 

 

Basic

 

$

(0.17

)

 

$

0.09

 

Diluted

 

$

(0.17

)

 

$

0.08

 

 

 

 

 

 

 

 

Two-class method:

 

 

 

 

 

 

Class A Common Stock

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

78,652,368

 

 

 

67,222,766

 

Dilutive effect of assumed vesting of RSUs and PRSUs

 

 

-

 

 

 

632,804

 

Dilutive effect of Class A earnout shares

 

 

-

 

 

 

1,881,651

 

Diluted weighted average common shares outstanding

 

 

78,652,368

 

 

 

69,737,221

 

Proportionate share of net income (loss)

 

$

(13.6

)

 

$

5.8

 

Class A – basic earnings (loss) per share

 

$

(0.17

)

 

$

0.09

 

Class A – diluted earnings (loss) per share

 

$

(0.17

)

 

$

0.08

 

 

 

 

 

 

 

 

Class C Common Stock

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

2,921,099

 

 

 

6,336,574

 

Dilutive effect of assumed vesting of RSUs and PRSUs

 

 

-

 

 

 

-

 

Dilutive effect of Class C earnout shares

 

 

-

 

 

 

174,719

 

Diluted weighted average common shares outstanding

 

 

2,921,099

 

 

 

6,511,293

 

Proportionate share of net income (loss)

 

$

(0.5

)

 

$

0.5

 

Class C – basic earnings (loss) per share

 

$

(0.17

)

 

$

0.08

 

Class C – diluted earnings (loss) per share

 

$

(0.17

)

 

$

0.08

 

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive or because milestones were not yet achieved for awards contingent on the achievement of performance milestones:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

RSUs and PRSUs

 

 

3,270,039

 

 

 

134,122

 

Total antidilutive securities

 

 

3,270,039

 

 

 

134,122