EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

12.EARNINGS PER SHARE

The tables below illustrate the calculation of basic and diluted net loss per common share for the Class A common and Class B common for the periods reflected below. The weighted average shares outstanding have been retrospectively restated to reflect the Share Exchange for all periods prior to the Offering, resulting in the Class A shares representing non-Family-owned shares and Class B representing Family-owned shares for all periods presented prior to the Offering. See Note 11 for further information on the Share Exchange.


	For the year ended December 31,
Class A common stock:	2022				2021		2020

Numerator, basic:
Net loss attributable to all stockholders	$	(12,304)		$	(1,479)		$	(75,081)
Class A common stock as a percentage of total shares outstanding, basic		30.65	%		24.12	%		8.44	%
Net loss attributable to Class A stockholders, basic	$	(3,771)		$	(357)		$	(6,335)

Numerator, diluted:
Net loss attributable to all stockholders	$	(12,304)		$	(1,479)		$	(75,081)
Class A common stock as a percentage of total shares outstanding, diluted		30.65	%		24.12	%		8.44	%
Net loss attributable to Class A stockholders, diluted	$	(3,771)		$	(357)		$	(6,335)

Denominator, basic and diluted:
Weighted average Class A common stock, basic		45,864			35,647			11,096
Dilutive effect of common stock equivalents^{(1) (2) (3)}		—			—			—
Weighted average Class A common stock, diluted		45,864			35,647			11,096

Net loss per Class A share, basic	$	(0.08)		$	(0.01)		$	(0.57)
Net loss per Class A share, diluted	$	(0.08)		$	(0.01)		$	(0.57)

¹⁾ For the year ended December 31, 2022, the following weighted-average outstanding shares of common stock equivalents by award type were excluded from the computation of diluted net loss per share attributable to Class A stockholders because the impact of including them would have been anti-dilutive: 8,982 options (including 760 out-of-the-money options), 285 RSA’s, 2,254 RSU’s and 52 shares under the ESPP.

²⁾For the year ended December 31, 2021, the following weighted-average outstanding shares of common stock equivalents by award type were excluded from the computation of diluted net loss per share attributable to Class A stockholders because the impact of including them would have been anti-dilutive: 10,422 options (including 294 out-of-the-money options), 490 RSA’s, 387 RSU’s and 29 shares under the ESPP.

³⁾ For the year ended December 31, 2020, the following weighted-average outstanding shares of common stock equivalents by award type were excluded from the computation of diluted net loss per share attributable to Class A stockholders because the impact of including them would have been anti-dilutive: 7,398 options, 289 RSA’s and 27 RSU's.


	For the year ended December 31,
Class B common stock:	2022			2021			2020

Numerator, basic:
Net loss attributable to all stockholders	$	(12,304)		$	(1,479)		$	(75,081)
Class B common stock as a percentage of total shares outstanding, basic		69.35	%		75.88	%		91.56	%
Net loss attributable to Class B stockholders, basic	$	(8,533)		$	(1,122)		$	(68,746)

Numerator, diluted:
Net loss attributable to all stockholders	$	(12,304)		$	(1,479)		$	(75,081)
Class B common stock as a percentage of total shares outstanding, diluted		69.35	%		75.88	%		91.56	%
Net loss attributable to Class B stockholders, diluted	$	(8,533)		$	(1,122)		$	(68,746)

Denominator, basic and diluted:
Weighted average Class B common stock, basic		103,781			112,133			120,415
Dilutive effect of common stock equivalents		—			—			—
Weighted average Class B common stock, diluted		103,781			112,133			120,415

Net loss per Class B share, basic	$	(0.08)		$	(0.01)		$	(0.57)
Net loss per Class B share, diluted	$	(0.08)		$	(0.01)		$	(0.57)