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EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Computation of basic and diluted earnings per share

The following table sets forth the computation of net income used to compute basic and diluted net earnings per share of Class A common stock for the quarter ended March 31, 2022. No earnings per share are presented for the quarter ended March 31, 2021 as only the Class B common stock would have been outstanding in historical periods pursuant to the reverse recapitalization and the Class B common stock do not participate in the Company's income or loss and are therefore not participating securities.

						Three-month period ended March 31, 2022
Basic and diluted:
Net income						$	26,908
Less: Net income attributable to non-controlling interest						(22,167)
Net income attributable to Class A Common Stockholders						$	4,741
Plus: adjustment due to net effect of stock options and exchangeable notes to net income						352
Net income attributable to Class A Common Stockholders after adjustment						$	5,093
Weighted average common shares outstanding used in computing net income per share—basic (in thousands)						14,934
Plus: net effect of dilutive stock options and exchangeable notes (in thousands)						17,331
Weighted average common shares outstanding used in computing net income per share—diluted (in thousands)						32,265
Net income per share—basic						$	0.32
Net income per share—diluted						$	0.16

Antidilutive shares excluded from calculation

The following amounts were not included in the calculation of net earnings per diluted share because their effects were anti-dilutive:

Three-month period ended March 31, 2022

Potentially dilutive securities:

Warrants

22,415,400

Class B shares

61,136,800

Earnout consideration shares

7,500,000

X

- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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