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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Summary of Reconciliation of Basic and Diluted Net Earnings Per Common Share

The following is a reconciliation of basic and diluted net earnings per common share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

(in thousands, except share and earnings per share data)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

Basic earnings per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to stockholders of
     Advantage Solutions Inc.

 

$

3,371

 

 

$

6,121

 

 

$

22,336

 

 

$

6,005

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares - basic

 

 

318,418,746

 

 

 

318,464,596

 

 

 

318,103,452

 

 

 

318,035,355

 

 

Basic earnings per common share

 

$

0.01

 

 

$

0.02

 

 

$

0.07

 

 

$

0.02

 

 

Diluted earnings per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to stockholders of
     Advantage Solutions Inc.

 

$

3,371

 

 

$

6,121

 

 

$

22,336

 

 

$

6,005

 

 

Change in fair value of warrant liability

 

 

 

 

 

(7,059

)

 

 

 

 

$

(1,553

)

 

Numerator for diluted earnings per share

 

$

3,371

 

 

$

(938

)

 

$

22,336

 

 

$

4,452

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

318,418,746

 

 

 

318,464,596

 

 

 

318,103,452

 

 

 

318,035,355

 

 

Performance and Restricted Stock Units

 

 

99,902

 

 

 

3,457,299

 

 

 

444,169

 

 

 

3,207,047

 

 

Warrants

 

 

 

 

 

1,276,669

 

 

 

 

 

 

638,335

 

 

Employee stock purchase plan and stock options

 

 

596,217

 

 

 

95,709

 

 

 

372,104

 

 

 

78,216

 

 

Weighted average common shares - diluted

 

 

319,114,865

 

 

 

323,294,273

 

 

 

318,919,725

 

 

 

321,958,953

 

 

Diluted earnings per common share

 

$

0.01

 

 

$

0.00

 

 

$

0.07

 

 

$

0.01