XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.24.3

NET EARNINGS PER SHARE | 9 Months Ended
--- | ---
Sep. 30, 2024
NET EARNINGS PER SHARE |
NET EARNINGS PER SHARE | NOTE 20 – NET EARNINGS PER SHARE The Company’s basic net earnings per share is calculated by dividing net income attributable to common shareholders by the weighted-average number of shares of common stock outstanding for the period, without consideration of potentially dilutive securities. The diluted net earnings per share is calculated by giving effect to all potentially dilutive securities outstanding for the period using the treasury share method or the if-converted method based on the nature of such securities. Diluted net earnings per share is the same as basic net earnings per share in periods when the effects of potentially dilutive shares of common shares are anti-dilutive. NOTE 20 – NET EARNINGS PER SHARE (continued): Basic and diluted net earnings per share attributable to common stockholders were calculated as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Nine months ended
​ | ​ | September 30, |  | September 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
​ |  | (In thousands, except share and per share data)
Numerator: |  | ​ |  |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 41,574 | ​ | $ | 12,825 | ​ | $ | 102,973 | ​ | $ | 66,312
Denominator: | ​ |  |  | ​ |  |  | ​ | ​ |  | ​ | ​ |
Weighted average common shares outstanding — | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | 357,297,824 | ​ | ​ | 357,429,113 | ​ | ​ | 357,631,049 | ​ | ​ | 361,206,439
Add: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dilutive impact of RSUs, ESPP and options to purchase common stock | ​ | ​ | 16,222,829 | ​ | ​ | 23,678,424 | ​ | ​ | 20,759,274 | ​ | ​ | 27,721,456
Dilutive impact of private warrants | ​ | ​ | 782,817 | ​ | ​ | 737,562 | ​ | ​ | 735,040 | ​ | ​ | 730,894
Weighted average common shares – diluted | ​ | ​ | 374,303,470 | ​ | ​ | 381,845,099 | ​ | ​ | 379,125,363 | ​ | ​ | 389,658,789
Net income per share attributable to common stockholders — Basic earnings per share | ​ | $ | 0.12 | ​ | $ | 0.04 | ​ | $ | 0.29 | ​ | $ | 0.18
Diluted earnings per share | ​ | $ | 0.11 | ​ | $ | 0.03 | ​ | $ | 0.27 | ​ | $ | 0.17
​ Note that for both the three and nine month periods ended September 30, 2024, 3,590,000 RSUs with market conditions, 15,000,000 Earn-Out Shares (as that term is defined in the Agreement and Plan of Reorganization dated February 3, 2021 (as amended) with FTAC Olympus Acquisition Corp.) and 1,521,963 options to purchase common stock have been excluded from the computation of diluted net earnings per share as their effect was antidilutive, conditions were not met or they were not in the money as of the end of the reporting period. For the three and nine month periods ended September 30, 2024, 2,866,158 and 3,913,995 RSUs, respectively, have been excluded for the same reason. In both the three and nine months ended September 30, 2023, 25,158,086 public Warrants, 4,570,000 RSUs with market conditions, 30,000,000 Earn-Out Shares, 705,470 options to purchase common stock, and ESPP shares to be issued under the May 15, 2023 offering period were excluded for the same reason.

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 The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration