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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the basic and diluted earnings per share calculations for the three and nine months ended September 30, 2024 and 2023:

			Three months ended September 30,												Nine months ended September 30,
			2024						2023						2024						2023
			in thousands (except per share amounts)
Earnings Per Share of Class A Common Stock, Basic
Net income available to Class A Common Stockholders			$	2,798					$	3,255					$	7,753					$	3,712
Weighted average shares of Class A Common Stock outstanding			89,691						84,479						86,689						84,042
Net income per share of Class A Common Stock, basic			$	0.03					$	0.04					$	0.09					$	0.04
Earnings Per Share of Class A Common Stock, Diluted
Net income available to Class A Common Stockholders			$	2,798					$	3,255					$	7,802					$	3,712
Weighted average shares of Class A Common Stock outstanding			89,691						84,479						87,601						84,042
Net income per share of Class A Common Stock, Diluted			$	0.03					$	0.04					$	0.09					$	0.04
Net Income Available to Class A Common Stockholders
Net income			$	19,007					$	18,623					$	69,863					$	19,137
Net income attributable to non-controlling interest			(14,122)						(13,269)						(55,951)						(13,477)
Accretion of Series A Convertible Preferred Stock			(1,875)						(1,838)						(5,552)						(1,838)
Undistributed earnings allocated to Series A Convertible Preferred Stock			(212)						(261)						(607)						(110)
Net income available to Class A Common Stockholders, Basic			2,798						3,255						7,753						3,712
Adjustment for potentially dilutive THG units			—						—						—						—
Adjustment for potentially dilutive Series A Convertible Preferred Stock			—						—						—						—
Adjustment for potentially dilutive share-based compensation awards			—						—						49						—
Adjustment for potentially dilutive warrants			—						—						—						—
Net income available to Class A Common Stockholders, Diluted			$	2,798					$	3,255					$	7,802					$	3,712
Weighted Average Shares of Class A Common Stock Outstanding
Weighted average shares of Class A Common Stock outstanding, Basic			89,691						84,479						86,689						84,042
Adjustment for potentially dilutive THG units			—						—						—						—
Adjustment for potentially dilutive Series A Convertible Preferred Stock			—						—						—						—
Adjustment for potentially dilutive share-based compensation awards			—						—						912						—
Adjustment for potentially dilutive warrants			—						—						—						—
Weighted average shares of Class A Common Stock outstanding, Diluted			89,691						84,479						87,601						84,042

Schedule of the Weighted Average Excluded from Diluted Earnings

The following table summarizes the weighted average potential shares of Class A Common Stock excluded from diluted earnings per share of Class A Common Stock as their effect would be anti-dilutive:

			Three months ended September 30,												Nine months ended September 30,
			2024						2023						2024						2023
			in thousands
THG units			255,252						255,499						255,378						255,579
Series A Convertible Preferred Stock			6,785						6,785						6,785						2,485
Unvested shares associated with share-based compensation awards			7,746						8,509						3,918						7,480
Warrants			—						19,484						—						19,484
Total			269,783						290,277						266,081						285,028

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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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