XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.23.3

NET INCOME (LOSS) PER SHARE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Net Loss per Share | Presented in the table below is a reconciliation of the numerator and denominator for the basic earnings per share (“EPS”) calculations for the three and nine months ended September 30, 2023 and 2022 (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 | 2022 |  | 2023 | 2022
Net income (loss) attributable to PureCycle Technologies | $ | 4,886 |  | $ | (34,948) |  |  | $ | (77,532) |  | $ | (75,384) |
Less income attributable to participating warrants | (480) |  | — |  |  | — |  | — |
Net income (loss) attributable to common shareholders | $ | 4,406 |  | $ | (34,948) |  |  | $ | (77,532) |  | $ | (75,384) |
Weighted average common shares outstanding, basic | 164,018 |  | 163,490 |  |  | 163,783 |  | 153,513 |
Net loss per share attributable to common stockholder, basic | $ | 0.03 |  | $ | (0.21) |  |  | $ | (0.47) |  | $ | (0.49) |
Presented in the table below is a reconciliation of the numerator and denominator for the diluted EPS calculations for the three and nine months ended September 30, 2023 and 2022 (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 | 2022 |  | 2023 | 2022
Numerator: |  |  |  |  |
Net income (loss) attributable to PureCycle Technologies | $ | 4,886 |  | $ | (34,948) |  |  | $ | (77,532) |  | $ | (75,384) |
Less change in fair value of RTI Warrants | (4,049) |  | — |  |  | (1,485) |  | (553) |
Less income attributable to participating warrants | (81) |  | — |  |  | — |  | — |
Net income (loss) attributable to common shareholders | $ | 756 |  | $ | (34,948) |  |  | $ | (79,017) |  | $ | (75,937) |
Denominator: |  |  |  |  |
Weighted average common shares outstanding, basic | 164,018 |  | 163,490 |  |  | 163,783 |  | 153,513 |
Add common equivalent shares from warrants | 395 |  | — |  |  | 197 |  | 186 |
Add common equivalent shares from equity awards | 1,135 |  | — |  |  | — |  | — |
Weighted average common shares outstanding, diluted | 165,548 |  | 163,490 |  |  | 163,980 |  | 153,699 |
Net loss per share attributable to common stockholder, diluted | $ | 0.00 |  | $ | (0.21) |  |  | $ | (0.48) |  | $ | (0.49) |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration