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Earnings Per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 4. Earnings Per Share During the three months ended March 31, 2023, basic and diluted net loss per common share are the same since the inclusion of the assumed exchange of all limited liability company interests of Hawk Parent (“Post-Merger Repay Units”), unvested share-based awards, outstanding stock options and the Company’s Convertible Senior Notes due 2026 (“2026 Notes”) would have been anti-dilutive. The following table summarizes net income (loss) attributable to the Company and the weighted average basic and diluted shares outstanding:
|  | Three Months Ended March 31, |
($ in thousands, except per share data) |  | 2023 |  |  | 2022 |
Income (loss) before income tax expense |  | $ | (23,575 | ) |  | $ | 16,729 |
Less: Net loss attributable to non-controlling interests |  |  | (1,540 | ) |  |  | (767 | )
Income tax expense |  |  | (4,357 | ) |  |  | (3,843 | )
Net income (loss) attributable to the Company |  | $ | (26,392 | ) |  | $ | 13,653 |
Weighted average shares of Class A common stock outstanding - basic |  |  | 88,615,760 |  |  |  | 88,607,655 |
Add weighted average effect of dilutive common stock equivalent shares: |  |  |  |  |  |
Post-Merger Repay Units exchangeable for Class A common stock |  |  |  |  |  | 7,926,576 |
Unvested share-based awards of Class A common stock |  |  |  |  |  | 3,385,690 |
2026 Notes convertible into Class A common stock |  |  |  |  |  | 13,095,238 |
Weighted average shares of Class A common stock outstanding - diluted |  |  | 88,615,760 |  |  |  | 113,015,159 |
Income (loss) per share of Class A common stock outstanding - basic |  | $ | (0.30 | ) |  | $ | 0.15 |
Income (loss) per share of Class A common stock outstanding - diluted |  | $ | (0.30 | ) |  | $ | 0.12 |
For the three months ended March 31, 2023, 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 March 31, |
|  | 2023 |
Post-Merger Repay Units exchangeable for Class A common stock |  |  | 7,861,271 |
Unvested share-based awards of Class A common stock |  |  | 5,906,580 |
Outstanding stock options for Class A common stock |  |  | 1,148,822 |
2026 Notes convertible into Class A common stock |  |  | 13,095,238 |
Share equivalents excluded from earnings (loss) per share |  |  | 28,011,911 |
Shares of the Company’s Class V common stock do not participate in the earnings or losses of the Company and, therefore, are not participating securities. As such, separate presentation of basic and diluted earnings per share of Class V common stock under the two-class method has not been presented.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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