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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2021
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:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Loss before income tax expense

 

$

(17,467,369

)

 

$

(87,096,848

)

 

$

(41,390,315

)

 

$

(101,394,978

)

Less: Net loss attributable to non-controlling interests

 

 

(1,080,798

)

 

 

(3,903,059

)

 

 

(3,268,070

)

 

 

(6,755,458

)

Income tax benefit

 

 

4,117,474

 

 

 

3,896,626

 

 

 

10,059,247

 

 

 

5,012,218

 

Net loss attributable to the Company

 

$

(12,269,097

)

 

$

(79,297,163

)

 

$

(28,062,998

)

 

$

(89,627,302

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

79,781,185

 

 

 

41,775,128

 

 

 

78,200,752

 

 

 

39,699,841

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(0.15

)

 

$

(1.90

)

 

$

(0.36

)

 

$

(2.26

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2021 and 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:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Post-Merger Repay Units exchangeable for Class A common stock

 

 

7,933,893

 

 

 

24,305,623

 

 

 

7,933,893

 

 

 

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

 

 

2,860,945

 

 

 

2,899,272

 

 

 

2,860,945

 

 

 

2,899,272

 

2026 Notes convertible for Class A common stock

 

 

13,095,238

 

 

 

 

 

 

13,095,238

 

 

 

 

Share equivalents excluded from earnings (loss) per share

 

 

23,890,076

 

 

 

28,963,040

 

 

 

23,890,076

 

 

 

28,963,040