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Earnings and Loss per Common Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings and Loss per Common Share | Earnings and Loss per Common Share The calculation of basic and diluted earnings and loss per share ("EPS") was as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands, except per share data)
Basic earnings and loss per Class A common share |  |  |  |  |
Numerator: |  |  |  |  |
Net (loss) income | $ | (26,702) |  |  | $ | 6,722 |  |  | $ | 64,212 |
Amount attributable to unvested Walmart restricted shares | — |  |  | — |  |  | (178) |
Net (loss) income allocated to Class A common stockholders | $ | (26,702) |  |  | $ | 6,722 |  |  | $ | 64,034 |
Denominator: |  |  |  |  |
Weighted-average Class A shares issued and outstanding | 53,527 |  |  | 52,251 |  |  | 53,351 |
Basic (loss) earnings per Class A common share | $ | (0.50) |  |  | $ | 0.13 |  |  | $ | 1.20 |
Diluted earnings and loss per Class A common share |  |  |  |  |
Numerator: |  |  |  |  |
Net (loss) income allocated to Class A common stockholders | $ | (26,702) |  |  | $ | 6,722 |  |  | $ | 64,034 |
Re-allocated earnings | — |  |  | — |  |  | 2 |
Diluted net (loss) income allocated to Class A common stockholders | $ | (26,702) |  |  | $ | 6,722 |  |  | $ | 64,036 |
Denominator: |  |  |  |  |
Weighted-average Class A shares issued and outstanding | 53,527 |  |  | 52,251 |  |  | 53,351 |
Dilutive potential common shares: |  |  |  |  |
Stock options | — |  |  | — |  |  | 29 |
Service based restricted stock units | — |  |  | 138 |  |  | 160 |
Performance-based restricted stock units | — |  |  | 52 |  |  | 295 |
Employee stock purchase plan | — |  |  | 69 |  |  | 36 |
Diluted weighted-average Class A shares issued and outstanding | 53,527 |  |  | 52,510 |  |  | 53,871 |
Diluted (loss) earnings per Class A common share | $ | (0.50) |  |  | $ | 0.13 |  |  | $ | 1.19 |
The restricted shares issued to Walmart contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing EPS pursuant to the two-class method. The computation above excludes income attributable to the unvested restricted shares from the numerator and excludes the dilutive impact of those underlying shares from the denominator. For the periods presented, we excluded certain restricted stock units and stock options outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive. Additionally, we have excluded any performance-based restricted stock units where the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive. The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Class A common stock |  |  |  |  |
Options to purchase Class A common stock | 790 |  |  | 1,057 |  |  | 152 |
Service based restricted stock units | 958 |  |  | 1,573 |  |  | 1,161 |
Performance-based restricted stock units | 40 |  |  | 896 |  |  | 586 |
Unvested Walmart restricted shares | — |  |  | — |  |  | 148 |
Total | 1,788 |  |  | 3,526 |  |  | 2,047 |

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