XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.23.3

Earnings per Share (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Income Per Share of Common Stock | The following table sets forth the computation of basic and diluted net income per share of common stock:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Net income available to common stockholders |  | $ | 19,991 |  |  | $ | 23,494 |  |  | $ | 28,990 |  |  | $ | 54,635 |
Dividends on redeemable preferred stock |  |  | — |  |  |  | 1,449 |  |  |  | — |  |  |  | — |
Changes in fair value of Ares Put Option (See Note 10) |  |  | — |  |  |  | (2,425 | ) |  |  | — |  |  |  | (1,894 | )
Net income available to common stockholders after assumed conversions |  | $ | 19,991 |  |  | $ | 22,518 |  |  | $ | 28,990 |  |  | $ | 52,741 |
Weighted average common shares outstanding — Basic |  |  | 118,389 |  |  |  | 120,074 |  |  |  | 119,505 |  |  |  | 121,950 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted share units |  |  | 1,903 |  |  |  | 1,182 |  |  |  | 1,097 |  |  |  | 618 |
Ares Put Option |  |  | — |  |  |  | 757 |  |  |  | — |  |  |  | 959 |
Redeemable preferred stock |  |  | — |  |  |  | 8,375 |  |  |  | — |  |  |  | — |
Weighted average common shares outstanding — Diluted |  |  | 120,292 |  |  |  | 130,388 |  |  |  | 120,602 |  |  |  | 123,527 |
Net income per share available to common stockholders — Basic |  | $ | 0.17 |  |  | $ | 0.20 |  |  | $ | 0.24 |  |  | $ | 0.45 |
Net income per share available to common stockholders — Diluted |  | $ | 0.17 |  |  | $ | 0.17 |  |  | $ | 0.24 |  |  | $ | 0.43 |
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share | The following potential shares of common stock have been excluded from the computation of diluted net income per share because their effect would have been antidilutive:
|  | As of September 30, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Stock options |  |  | 1,306 |  |  |  | 897 |
Ares warrants |  |  | 1,100 |  |  |  | 1,100 |
Public and Private warrants |  |  | 17,333 |  |  |  | 17,333 |

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 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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration