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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2021 (in thousands, except per share data):
|  | Three Months Ended |  | Nine Months Ended |  |  |  |
|  | September 30, 2021 |  | September 30, 2021 |  |
Numerator: |  |  |  |  |  |  |  |
Net income |  | $ | 30,392 |  |  | $ | 72,763 |  |  |  |  |
Net income attributable to noncontrolling interest |  | 16,267 |  |  | 58,638 |  |  |  |  |
Net income available to Class A common stockholders - Basic |  | 14,125 |  |  | 14,125 |  |  |  |  |
Dilutive effect of warrants on net income to Class A common stockholders |  | — |  |  | — |  |  |  |  |
Net income available to Class A common stockholders - Diluted |  | $ | 14,125 |  |  | $ | 14,125 |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |
Weighted average Class A common stock outstanding - Basic |  | 13,363,995 |  | 13,107,873 |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options |  | — |  | — |  |  |  |
Warrants |  | — |  | — |  |  |  |
Dilutive potential common shares |  | — |  | — |  |  |  |
Weighted average units outstanding - diluted |  | 13,363,995 |  | 13,107,873 |  |  |  |
Earnings per share: |  |  |  |  |  |  |  |
Basic EPS |  | $ | 1.06 |  |  | $ | 1.08 |  |  |  |  |
Diluted earnings per unit |  | $ | 1.06 |  |  | $ | 1.08 |  |  |  |  |
Schedule of Antidilutive Securities Excluded from Calculation of Earnings Per Share | The following table presents securities that have been excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive for the three and nine months ended September 30, 2021:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2021 |  | September 30, 2021
Public Warrants |  | 11,887,500 |  | 11,887,500
Private Unit Warrants |  | 231,250 |  | 231,250
$11.50 Exercise Price Warrants |  | 2,248,750 |  | 2,248,750
$15 Exercise Price Warrants |  | 912,500 |  | 912,500
Underwriter Warrants |  | 59,437 |  | 59,437
Stock Options |  | 5,600,000 |  | 5,600,000
Potential common stock |  | 20,939,437 |  | 20,939,437

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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 + Details
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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 + Details
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