XML 53 R41.htm IDEA: XBRL DOCUMENT

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the basic and diluted earnings (loss) per share calculations for the three and nine months ended September 30, 2023 and 2022 (in thousands, except shares and per share amounts):


			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Numerator:
Net income (loss) attributable to the Company			$	6,603					$	(4,439)					$	25,638					$	(26,680)
Adjustments to net income (loss) attributable to the Company			—						18						(13)						141
Net income (loss) attributable to common shareholders			$	6,603					$	(4,421)					$	25,625					$	(26,539)
Numerator—basic common shares:
Net income (loss) attributable to common shareholders			$	6,603					$	(4,421)					$	25,625					$	(26,539)
Less: net income allocated to participating securities			32						—						131						—
Allocation of basic net income (loss) among common shareholders			$	6,571					$	(4,421)					$	25,494					$	(26,539)
Numerator for basic net income (loss) available to Class A common shareholders			$	6,569					$	(4,419)					$	25,485					$	(26,530)
Numerator for basic net income (loss) available to Class B common shareholders			$	2					$	(2)					$	9					$	(9)
Numerator—diluted common shares:
Net income (loss) attributable to common shareholders			$	6,603					$	(4,421)					$	25,625					$	(26,539)
Reallocation of income (loss) from dilutive potential securities			7,226						(90)						28,135						(502)
Less: net income allocated to participating securities			32						—						131						—
Allocation of diluted net income (loss) among common shareholders			$	13,797					$	(4,511)					$	53,629					$	(27,041)
Numerator for diluted net income (loss) available to Class A common shareholders			$	13,795					$	(4,509)					$	53,620					$	(27,032)
Numerator for diluted net income (loss) available to Class B common shareholders			$	2					$	(2)					$	9					$	(9)
Denominator:
Basic weighted average Class A common shares outstanding			68,865,783						68,514,843						68,794,915						68,393,923
Diluted weighted average Class A common shares outstanding			145,312,266						68,879,642						145,064,113						68,758,722
Basic and diluted weighted average Class B common shares outstanding			79,233,544						79,233,544						79,233,544						79,233,544

Basic earnings (loss) per share:
Class A common shares			$	0.10					$	(0.06)					$	0.37					$	(0.39)
Class B common shares			$	0.00					$	(0.00)					$	0.00					$	(0.00)
Diluted earnings (loss) per share:
Class A common shares			$	0.09					$	(0.07)					$	0.37					$	(0.39)
Class B common shares			$	0.00					$	(0.00)					$	0.00					$	(0.00)


Anti-dilutive potential Performance RSUs			3,123,408						1,145,832						3,123,408						1,145,832
Anti-dilutive potential Restricted Shares (weighted average)			—						553,511						—						719,364
Anti-dilutive potential Performance Restricted Shares (weighted average)			—						—						—						33,063
Anti-dilutive potential Class A common shares from exchanges (weighted average)			3,137,134						76,120,180						3,137,134						76,120,180