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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Net Loss and Weighted Average Basic and Diluted Shares Outstanding

The following table summarizes net loss attributable to the Company and the weighted average basic and basic and diluted shares outstanding:

 

 

 

For the Three Months Ended June 30, 2020

 

 

For the Six Months Ended June 30, 2020

 

Loss before income tax expense

 

$

(20,427,326

)

 

$

(27,827,361

)

Less: Net loss attributable to non-controlling interests

 

 

(3,903,059

)

 

 

(6,755,458

)

Income tax benefit

 

 

3,896,626

 

 

 

5,012,218

 

Net loss attributable to the Company

 

$

(12,627,641

)

 

$

(16,059,685

)

 

 

 

 

 

 

 

 

 

Weighted average shares of Class A common stock outstanding - basic and diluted

 

 

41,775,128

 

 

 

39,699,841

 

 

 

 

 

 

 

 

 

 

Loss per share of Class A common stock outstanding - basic and diluted

 

$

(0.30

)

 

$

(0.40

)

Summary of Components of Common Stock Equivalent Shares Excluded from Computation of Diluted Loss per Share

For the three and six months ended June 30, 2020, the following common stock equivalent shares were excluded from the computation of the diluted loss per share, since their inclusion would have been anti-dilutive:

 

Post-Merger Repay Units exchangeable for Class A common stock

 

 

24,305,623

 

 

 

24,305,623

 

Dilutive warrants exercisable for Class A common stock

 

 

1,758,145

 

 

 

1,758,145

 

Unvested restricted share awards of Class A common stock

 

 

2,899,272

 

 

 

2,899,272

 

Share equivalents excluded from earnings (loss) per share

 

 

28,963,040

 

 

 

28,963,040