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Net Income (Loss) Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | NET INCOME (LOSS) PER SHARE The Company applies the two-class method for computing and presenting net income (loss) per share for each class of common stock, which allocates current period net income (loss) to each class of common stock and participating securities based on dividends declared and participation rights in the remaining undistributed earnings or losses. Basic net income (loss) per share is computed by dividing the net income (loss) allocated to each class of common stock by the related weighted-average number of shares outstanding during the period. Diluted net income (loss) per share gives effect to all securities representing potential common shares that were dilutive and outstanding during the period for each class of common stock and excludes potentially dilutive securities whose effect would have been anti-dilutive. Common Stock Potential shares of Common Stock include (i) incremental shares related to the vesting or exercise of share-based compensation awards, warrants, and other options to purchase additional shares of the Company’s Common Stock calculated using the treasury stock method and (ii) incremental shares of Common Stock issuable upon the conversion of Class B Common Stock.
|  | Years Ended December 31,
(in thousands, except per share amounts) |  | 2023 |  | 2022 |  | 2021
Allocation of income (loss) from continuing operations - basic |  | $ | (60,682) |  |  | $ | 100,411 |  |  | $ | (321,155) |
Dilutive effect (including conversion of Class B Common Stock) |  | — |  |  | — |  |  | — |
Allocation of income (loss) from continuing operations - diluted |  | $ | (60,682) |  |  | $ | 100,411 |  |  | $ | (321,155) |
Allocation of income (loss) from discontinued operations, net of tax - basic |  | $ | 496,070 |  |  | $ | 24,244 |  |  | $ | 3,134 |
Dilutive effect (including conversion of Class B Common Stock) |  | — |  |  | — |  |  | — |
Allocation of income (loss) from discontinued operations, net of tax - diluted |  | $ | 496,070 |  |  | $ | 24,244 |  |  | $ | 3,134 |
Weighted-average shares outstanding - basic |  | 856,843 |  |  | 848,465 |  |  | 770,620 |
Dilutive effect (including conversion of Class B Common Stock) |  | — |  |  | — |  |  | — |
Weighted-average shares outstanding - diluted |  | 856,843 |  |  | 848,465 |  |  | 770,620 |
Income (loss) from continuing operations per share - basic |  | $ | (0.07) |  |  | $ | 0.12 |  |  | $ | (0.42) |
Income (loss) from continuing operations per share - diluted |  | $ | (0.07) |  |  | $ | 0.12 |  |  | $ | (0.42) |
Income (loss) from discontinued operations, net of tax, per share - basic |  | $ | 0.58 |  |  | $ | 0.03 |  |  | $ | — |
Income (loss) from discontinued operations, net of tax, per share - diluted |  | $ | 0.58 |  |  | $ | 0.03 |  |  | $ | — |
Basic weighted-average shares outstanding in 2021 includes the Delayed Shares issued in connection with the ADT Solar Acquisition as discussed in Note 4 “Acquisitions.” During 2023, 2022, and 2021, share-based compensation awards and all shares of Class B Common Stock of approximately 62 million, 67 million, and 61 million, respectively, were excluded from the computations above. Additionally, the basic and diluted earnings per share computations for Common Stock exclude approximately 9 million, 9 million, and 10 million unvested shares during 2023, 2022, and 2021, respectively, as their vesting is contingent upon achievement of certain performance requirements which had not been met during the respective periods. Class B Common Stock
|  | Years Ended December 31,
(in thousands, except per share amounts) |  | 2023 |  | 2022 |  | 2021
Allocation of income (loss) from continuing operations - basic |  | $ | (3,858) |  |  | $ | 6,452 |  |  | $ | (23,022) |
Dilutive effect |  | — |  |  | — |  |  | — |
Allocation of income (loss) from continuing operations - diluted |  | $ | (3,858) |  |  | $ | 6,452 |  |  | $ | (23,022) |
Allocation of income (loss) from discontinued operations, net of tax - basic |  | $ | 31,479 |  |  | $ | 1,556 |  |  | $ | 223 |
Dilutive effect |  | — |  |  | — |  |  | — |
Allocation of income (loss) from discontinued operations, net of tax - diluted |  | $ | 31,479 |  |  | $ | 1,556 |  |  | $ | 223 |
Weighted-average shares outstanding - basic |  | 54,745 |  |  | 54,745 |  |  | 54,745 |
Dilutive effect(1) |  | — |  |  | — |  |  | — |
Weighted-average shares outstanding - diluted |  | 54,745 |  |  | 54,745 |  |  | 54,745 |
Income (loss) from continuing operations per share - basic |  | $ | (0.07) |  |  | $ | 0.12 |  |  | $ | (0.42) |
Income (loss) from continuing operations per share - diluted |  | $ | (0.07) |  |  | $ | 0.12 |  |  | $ | (0.42) |
Income (loss) from discontinued operations, net of tax, per share - basic |  | $ | 0.58 |  |  | $ | 0.03 |  |  | $ | — |
Income (loss) from discontinued operations, net of tax, per share - diluted |  | $ | 0.58 |  |  | $ | 0.03 |  |  | $ | — |

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