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Stockholders’ Equity and Members’ Equity (Tables)
 3 Months Ended
Mar. 31, 2020
Stockholders’ Equity and Members’ Equity  
Schedule of assumptions used in estimating fair value of derivative liability

 

 

 

 

 

 

 

 

 

As of March 31, 2020

    

    

As of  December 31, 2019

 

Expected volatility

 

56.0

%  

 

13.0

%

Expected dividend yield

 

12.8

%  

 

7.3

%

Expected life (in years)

 
0.6

 

 

0.9

 

Risk-free interest rate

 

0.2

%  

 

1.6

%

 

Schedule of basic and diluted earnings per share

 

 

 

 

 

    

 

 

 

Three Months Ended

(amounts in thousands, except share and per share data):

 

March 31, 2020

Basic Earnings

 

 

  

Net income and Basic Earnings

 

$

27,279

 

 

 

 

Diluted Earnings

 

 

  

Net income and Diluted Earnings

 

$

27,279

Number of Shares:

 

 

  

Basic weighted-average shares of common stock outstanding

 

 

132,111,329

Shares for warrants and restricted stock units

 

 

224,986

Diluted weighted-average shares of common stock outstanding (a)

 

 

132,336,315

Earnings Per Share Attributable to common stockholders

 

 

  

Basic

 

$

0.21

Diluted

 

$

0.21

a)

The Company excludes anti-dilutive shares from calculation of weighted-average shares for diluted earnings per share. There were 15.6 million shares related to the Public and Private Warrants, which are not included in the above calculation of diluted earnings per share because in doing so they were anti-dilutive.