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Earnings (Loss) per Share / Unit | 3 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Earnings (Loss) per Share / Unit | Note 13 - Earnings (Loss) per Share / Unit The Company computes earnings per share (“EPS”) of Class A common stock using the two-class method required for participating securities. The Company considers unvested restricted shares and vested RSUs to be participating securities because holders are entitled to be credited with dividend equivalent payments, upon the payment by the Company of dividends on shares of Common Stock. Undistributed earnings allocated to participating securities are subtracted from net earnings (loss) attributable to Bumble Inc. in determining net earnings (loss) attributable to common stockholders. Basic EPS is computed by dividing net earnings (loss) attributable to common stockholders / unitholders by the weighted-average number of shares of our Class A Common Stock / Units outstanding. For the calculation of diluted EPS, net earnings (loss) attributable to common stockholders / unitholders for basic EPS is adjusted by the effect of dilutive securities. Diluted EPS attributable to common stockholders / unitholders is computed by dividing the resulting net earnings (loss) attributable to common stockholders / unitholders by the weighted-average number of common shares / units outstanding, adjusted to give effect to dilutive elements including restricted shares, RSUs, and options to the extent these are dilutive. The following table sets forth a reconciliation of the numerators used to compute the Company's basic and diluted earnings (loss) per share / unit for the three months ended March 31, 2022 and 2021 (in thousands).
|  | Three Months Ended March 31, 2022 |  |  | Three Months Ended March 31, 2021 |
Numerator: |  |  |  |  |  |
Net earnings (loss) |  | $ | 23,938 |  |  | $ | 323,442 |
Net earnings (loss) attributable to noncontrolling interests |  |  | 7,543 |  |  |  | (18,348 | )
Net earnings (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners |  | $ | 16,395 |  |  | $ | 341,790 |
The following table sets forth the computation of the Company's basic and diluted earnings (loss) per share / unit (in thousands, except share / unit amounts, and per share / unit amounts, unaudited).
|  | Three Months Ended March 31, 2022 |  |  | Three Months Ended March 31, 2021 |
Basic earnings (loss) per share / unit attributable to common stockholders / unitholders |  |  |  |  |  |
Numerator |  |  |  |  |  |
Allocation of net earnings (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners |  | $ | 16,375 |  |  | $ | 201,142 |
Less: net earnings (loss) attributable to participating securities |  |  | 20 |  |  |  | 627 |
Net earnings (loss) attributable to common stockholders / unitholders |  | $ | 16,355 |  |  | $ | 200,515 |
Denominator |  |  |  |  |  |
Weighted average number of shares of Class A common stock / units outstanding |  |  | 129,233,843 |  |  |  | 115,230,399 |
Basic earnings (loss) per share / unit attributable to common stockholders / unitholders |  | $ | 0.13 |  |  | $ | 1.74 |
Diluted earnings (loss) per share / unit attributable to common stockholders / unitholders |  |  |  |  |  |
Numerator |  |  |  |  |  |
Allocation of net earnings (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners |  | $ | 16,175 |  |  | $ | 201,142 |
Increase in net earnings (loss) attributable to common shareholders upon conversion of potentially dilutive Common Units |  |  | 7,763 |  |  |  | 121,326 |
Less: net earnings (loss) attributable to participating securities |  |  | 20 |  |  |  | — |
Net earnings (loss) attributable to common stockholders / unitholders |  | $ | 23,918 |  |  | $ | 322,468 |
Denominator |  |  |  |  |  |
Number of shares / units used in basic computation |  |  | 129,233,843 |  |  |  | 115,230,399 |
Add: weighted-average effect of dilutive securities |  |  |  |  |  |
Restricted shares |  |  | — |  |  |  | 190,508 |
RSUs |  |  | 579,928 |  |  |  | 1,238,363 |
Options |  |  | — |  |  |  | 11,820 |
Common Units to Convert to Class A Common Stock |  |  | 61,516,126 |  |  |  | 74,417,632 |
Weighted average shares of Class A common stock / units outstanding used to calculate diluted earnings (loss) per share / unit |  |  | 191,329,897 |  |  |  | 191,088,722 |
Diluted earnings (loss) per share / unit attributable to common stockholders / unitholders |  | $ | 0.13 |  |  | $ | 1.69 |
The following table sets forth potentially dilutive securities that were excluded from the diluted earnings (loss) per share computation because the effect would be anti-dilutive, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the periods:
|  | Three Months Ended March 31, 2022 |  |  | Three Months Ended March 31, 2021 |
Time-vesting awards: |  |  |  |  |  |
Options |  |  | 2,684,067 |  |  |  | 1,998,606 |
RSUs |  |  | 1,165,808 |  |  |  | — |
Incentive units |  |  | 507,237 |  |  |  | 121,372 |
Total time-vesting awards |  |  | 4,357,112 |  |  |  | 2,119,978 |
Exit-vesting awards: |  |  |  |  |  |
Options |  |  | 164,362 |  |  |  | 222,424 |
RSUs |  |  | 1,007,648 |  |  |  | 1,363,728 |
Incentive units |  |  | 4,324,868 |  |  |  | 4,438,199 |
Total exit-vesting awards |  |  | 5,496,878 |  |  |  | 6,024,351 |
Total |  |  | 9,853,990 |  |  |  | 8,144,329 |

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