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Net Loss per Common Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Net Loss per Common Share | Net Loss per Common Share Basic and diluted net loss per common share was calculated as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | (13,563) |  |  | $ | (5,304) |  |  | $ | (95,529) |  |  | $ | 8,402 |
Less: Net income (loss) attributable to noncontrolling interest | (436) |  |  | (1,070) |  |  | (9,656) |  |  | 1,803 |
Net income (loss) attributable to common stockholders - basic | $ | (13,127) |  |  | $ | (4,234) |  |  | $ | (85,873) |  |  | $ | 6,599 |
Net income (loss) attributable to common shares - dilutive | $ | (13,127) |  |  | $ | (4,234) |  |  | $ | (85,873) |  |  | $ | 6,599 |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding - basic | 141,973,731 |  |  | 116,983,265 |  |  | 136,760,936 |  |  | 114,102,308 |
Effect of potentially dilutive Phantom Units | — |  |  | — |  |  | — |  |  | 1,064,688 |
Effect of potentially dilutive Class V common stock | — |  |  | — |  |  | — |  |  | 28,925,854 |
Effect of potentially dilutive unvested Class B units | — |  |  | — |  |  | — |  |  | 5,310,003 |
Effect of potentially dilutive unexercised options | — |  |  | — |  |  | — |  |  | 1,337,802 |
Weighted average common shares outstanding—diluted | 141,973,731 |  |  | 116,983,265 |  |  | 136,760,936 |  |  | 150,740,655 |
Net income (loss) per share attributable to common shares— basic | $ | (0.09) |  |  | $ | (0.04) |  |  | $ | (0.63) |  |  | $ | 0.06 |
Net income (loss) per share attributable to common shares— diluted | $ | (0.09) |  |  | $ | (0.04) |  |  | $ | (0.63) |  |  | $ | 0.04 |
The Company’s potentially dilutive securities, which include unvested Class B units, unvested phantom units, unvested restricted stock units, convertible Class V common shares, warrants for Class A units (public and private), unexercised options, earn-out shares, escrow shares and convertible debt have been excluded from the computation of diluted net income per share as the effect would be to reduce the net income per share. The Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted net income per share attributable to shareholders for the periods indicated as their inclusion would have had an antidilutive effect:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Unvested Class B units | 546,570 |  |  | — |  |  | 546,570 |  |  | — |
Unvested Phantom units | 635,007 |  |  | 1,060,119 |  |  | 635,007 |  |  | — |
Unvested Restricted stock units | 12,532,935 |  |  | 5,070,412 |  |  | 12,532,935 |  |  | — |
Convertible Class V common shares | 18,994,332 |  |  | 26,382,703 |  |  | 18,994,332 |  |  | — |
Public warrants for the purchase of Class A common shares | 17,250,000 |  |  | 17,250,000 |  |  | 17,250,000 |  |  | 17,250,000 |
Private warrants for the purchase of Class A common shares | 10,150,000 |  |  | 10,150,000 |  |  | 10,150,000 |  |  | 10,150,000 |
Unexercised options | 269,668 |  |  | 368,875 |  |  | 269,668 |  |  | 368,875 |
Earn-out Shares | 5,000,000 |  |  | 5,000,000 |  |  | 5,000,000 |  |  | 5,000,000 |
Escrow Shares | 1,725,000 |  |  | 1,725,000 |  |  | 1,725,000 |  |  | 1,725,000 |
Convertible debt into Class A common shares | 18,497,110 |  |  | — |  |  | 18,497,110 |  |  | — |
| 85,600,622 |  |  | 67,007,109 |  |  | 85,600,622 |  |  | 34,493,875 |

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