XML 68 R52.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Summary of the Computation of Earnings (Loss) Per Share of Class A and Class X Common Stock

The computation of loss per share of Class A and Class X Common Stock is as follows (in thousands, except share and per share information):

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(194,192

)

 

$

(228,382

)

 

$

(21,432

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

307,489,198

 

 

 

275,358,771

 

 

 

239,540,090

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share, basic and diluted

 

$

(0.63

)

 

$

(0.83

)

 

$

(0.09

)

Summary of Common Shares That Are Excluded From the Computation of Diluted Net Income (Loss) Per Common Share

The following table presents the common shares that are excluded from the computation of diluted net loss per common share as of the periods presented because including them would have been antidilutive:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Options

 

 

48,414,625

 

 

 

41,753,042

 

 

 

34,168,725

 

RSUs

 

 

3,159,185

 

 

 

573,678

 

 

 

 

Compensation warrants

 

 

3,980,656

 

 

 

3,980,656

 

 

 

3,980,656

 

Public and Private Placement Warrants

 

 

15,333,333

 

 

 

15,333,333

 

 

 

 

Term Loan warrants

 

 

4,716,756

 

 

 

 

 

 

 

Preferred units

 

 

 

 

 

 

 

 

33,828,030

 

Forest Road Earn-out Shares

 

 

3,750,000

 

 

 

3,750,000

 

 

 

 

 

 

 

79,354,555

 

 

 

65,390,709

 

 

 

71,977,411