XML 61 R46.htm IDEA: XBRL DOCUMENT
v3.22.4

EARNINGS PER SHARE AND EQUITY (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The calculation of basic and diluted LPS is presented below:
| Year Ended December 31,
(in thousands, except per share data) | 2022 |  | 2021 |  | 2020
Net loss | $ | (187,517) |  |  | $ | (106,341) |  |  | $ | (71,723) |
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries | (33,933) |  |  | (26,472) |  |  | (16,522) |
Less: Dividends and accretion of redeemable preferred stock | 23,657 |  |  | — |  |  | — |
Net loss attributable to stockholders and Former Parent | $ | (177,241) |  |  | $ | (79,869) |  |  | $ | (55,201) |
Weighted Average Common Stock Outstanding - Basic (1) | 102,747,121 |  |  | 99,387,467 |  |  | 99,387,467 |
Weighted Average Common Stock Outstanding - Diluted (1) | 102,747,121 |  |  | 99,387,467 |  |  | 99,387,467 |
Loss per share: |  |  |  |  |
Basic | $ | (1.73) |  |  | $ | (0.80) |  |  | $ | (0.56) |
Diluted (2) | $ | (1.73) |  |  | $ | (0.80) |  |  | $ | (0.56) |
________________________________________________________ (1) The year ended December 31, 2022 includes penny warrants which can be converted into a fixed amount of our stock. (2) Diluted LPS for the year ended December 31, 2022 includes the dilutive effect of subsidiary earnings per share.
Schedule of Stockholders' Equity Note, Warrants or Rights | A summary of the status of the Company’s outstanding stock warrants and changes during the year ended December 31, 2022 is as follows:
| Number of Warrants |  | Weighted Average Exercise Price
Outstanding as of December 31, 2021 | — |  |  | $ | — |
Issued | 6,685,132 |  |  | 5.01 |
Expired | — |  |  | — |
Exercised | — |  |  | — |
Outstanding as of December 31, 2022 | 6,685,132 |  |  | $ | 5.01 |
Warrants exercisable as of December 31, 2022 | 6,685,132 |  |  | $ | 5.01 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration