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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Schedule of Earnings Per Share, Basic and Diluted

The following table reflects the EPS computations for the periods indicated based on a weighted average number of Class A Common Stock outstanding each period:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands, except per share data)			2024						2023						2024						2023
Net income attributable to Class A Common Stock			$	386,376					$	45,433					$	768,051					$	220,952
Add: Interest on Convertible Senior Notes, net of tax			1,305						1,374						3,887						4,116
Adjusted net income (attributable to Class A Common Stock)			$	387,681					$	46,807					$	771,938					$	225,068
Basic weighted average shares of Class A Common Stock outstanding			693,692						324,650						619,741						312,015
Add: Dilutive effects of Convertible Senior Notes			29,117						27,829						29,117						27,583
Add: Dilutive effects of equity awards			13,430						13,695						14,457						11,819
Diluted weighted average shares of Class A Common Stock outstanding			736,239						366,174						663,315						351,417
Basic net earnings per share of Class A Common Stock			$	0.56					$	0.14					$	1.24					$	0.71
Diluted net earnings per share of Class A Common Stock			$	0.53					$	0.13					$	1.16					$	0.64

Schedule of Shares Excluded from Diluted Earnings Per Share Calculation

The following table presents shares excluded from the diluted earnings per share calculation for the periods presented as their impact was anti-dilutive:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)			2024						2023						2024						2023
Out-of-the-money stock options			436						1,022						482						1,451
Weighted average shares of Class C Common Stock			100,670						241,340						159,396						250,018
Restricted stock			325						—						182						69
Performance stock units			831						—						277						39

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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