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Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The calculation of basic and diluted earnings per share (EPS) was as follows:

									Three Months Ended March 31,
															2023						2022
															(In thousands, except per share data)
Basic earnings per Class A common share
Numerator:
Net income															$	36,012					$	38,624
Amount attributable to unvested Walmart restricted shares															—						(191)
Net income allocated to Class A common stockholders															$	36,012					$	38,433
Denominator:
Weighted-average Class A shares issued and outstanding															51,813						54,556
Basic earnings per Class A common share															$	0.70					$	0.70
Diluted earnings per Class A common share
Numerator:
Net income allocated to Class A common stockholders															$	36,012					$	38,433
Re-allocated earnings															—						2
Diluted net income allocated to Class A common stockholders															$	36,012					$	38,435
Denominator:
Weighted-average Class A shares issued and outstanding															51,813						54,556
Dilutive potential common shares:
Stock options															—						214
Service-based restricted stock units															109						198
Performance-based restricted stock units															68						233
Employee stock purchase plan															31						29
Diluted weighted-average Class A shares issued and outstanding															52,021						55,230
Diluted earnings per Class A common share															$	0.69					$	0.70

Schedule of Antidilutive Shares

The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:

									Three Months Ended March 31,
															2023						2022
															(In thousands)
Class A common stock
Options to purchase Class A common stock															1,163						139
Service-based restricted stock units															1,248						1,204
Performance-based restricted stock units															359						1,002
Unvested Walmart restricted shares															—						271
Total															2,770						2,616

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- 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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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X

- 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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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