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Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

Note 16. Net Income (Loss) Per Share

Basic and diluted net income (loss) per share was calculated as follows:

 

 

Successor

 

 

 

Predecessor

 

(in thousands, except share and per share amounts)

 

Year Ended
December 31, 2022

 

 

Year Ended
December 31, 2021

 

 

Period from
February 1, 2020
through
December 31, 2020

 

 

 

Period from
January 1, 2020
through
January 31, 2020

 

Basic net income (loss) per share

 

$

0.43

 

 

$

0.11

 

 

$

(0.37

)

 

 

n/a

 

Diluted net income (loss) per share

 

$

0.43

 

 

$

0.11

 

 

$

(0.37

)

 

 

n/a

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 



 

Net income (loss)

 

 

64,604

 

 

 

16,051

 

 

 

(47,492

)

 

 

n/a

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 



 

Weighted average number of shares outstanding - basic

 

 

150,227,213

 

 

 

140,480,590

 

 

 

130,000,000

 

 

 

n/a

 

Add options and restricted stock units to purchase units

 

 

1,579,927

 

 

 

1,206,794

 

 

 

—

 

 

 

n/a

 

Weighted average number of shares outstanding - diluted

 

 

151,807,139

 

 

 

141,687,384

 

 

 

130,000,000

 

 

 

n/a

 

Basic net (loss) per unit

 

n/a

 

 

n/a

 

 

n/a

 

 

 

$

(0.24

)

Diluted net (loss) per unit

 

n/a

 

 

n/a

 

 

n/a

 

 

 

$

(0.24

)

Numerator:

 

 

 

 

 

 

 

 

 

 

 



 

Net (loss)

 

n/a

 

 

n/a

 

 

n/a

 

 

 

$

(36,530

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average units outstanding - basic

 

n/a

 

 

n/a

 

 

n/a

 

 

 

 

149,686,460

 

Add options and restricted stock units to purchase units

 

n/a

 

 

n/a

 

 

n/a

 

 

 

 

—

 

Weighted average units outstanding - diluted

 

n/a

 

 

n/a

 

 

n/a

 

 

 

 

149,686,460

 

For the year ended December 31, 2022 and 2021 (Successor), 2,669,162 options and 14,488 options, respectively, were excluded from the calculation of diluted net income (loss) per share because their effect was anti-dilutive.