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Basic and Diluted Income (Loss) per Common Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Income (Loss) per Common Share

14.

Basic and Diluted Income (Loss) per Common Share

Net income (loss) is allocated between the common shares and other participating securities based on their participation rights. The Series A Founder Preferred Shares represent participating securities. Net loss attributable to common shares is not adjusted for the Series A Founder Preferred Shares’ right to earnings, because these shares are not contractually obligated to share in losses of the Company. Additionally, the Company excluded the Company’s outstanding warrants, stock options, restricted shares, and Series A Founder Preferred Shares because the securities’ effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted net loss per common share using the two-class method:

 

 

 

Period from

February 10,

2020 to

December 31,

2020

 

Numerator:

 

 

 

 

Net loss attributable to Radius Global Infrastructure, Inc. common shareholders

 

$

(182,091

)

Adjustment for vested participating preferred stock

 

 

—

 

Net loss attributable to common shares

 

$

(182,091

)

Denominator:

 

 

 

 

Weighted average shares outstanding - basic and diluted

 

 

58,425,000

 

 

 

 

 

 

Basic and diluted loss per common share

 

$

(3.12

)

 

The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive:

 

 

 

Period from

February 10,

2020 to

December 31,

2020

 

Series A Founder Preferred Shares

 

 

1,600,000

 

Warrants

 

 

16,675,000

 

Stock options

 

 

2,813,000

 

Restricted stock

 

 

261,429

 

LTIP Units

 

 

6,786,033