Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Summary of Computation of Basic and Diluted Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022:


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Basic earnings per share:
Numerator:
Net income	$	12,044	$	16,509	$	52,392	$	73,569
Less: Net income attributable to noncontrolling interests	11,904		20,521		50,749		59,875
Net income attributable to Class A common stockholders	$	140	$	(4,012)	$	1,643	$	13,694

Denominator:
Weighted average shares outstanding (in thousands)	32,910		23,533		30,883		23,233

Basic earnings per share	$	0.00	$	(0.17)	$	0.05	$	0.59

Diluted earnings per share:
Numerator:
Net income	$	12,044	$	16,509	$	52,392	$	73,569
Less: Net income attributable to noncontrolling interests	11,904		20,521		50,749		59,875
Net income attributable to Class A common stockholders	$	140	$	(4,012)	$	1,643	$	13,694

Denominator:
Weighted average shares outstanding (in thousands)	33,632		23,566		31,996		23,267

Diluted earnings per share	$	0.00	$	(0.17)	$	0.05	$	0.59