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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Summary of Net Income (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 diluted shares outstanding:

		Three Months Ended June 30,								Six Months Ended June 30,
($ in thousands, except per share data)		2024				2023				2024				2023
Loss before income tax expense		$	(6,212	)		$	(6,381	)		$	(11,275	)		$	(29,956	)
Less: Net loss attributable to non-controlling interests			(166	)			(687	)			(319	)			(2,227	)
Income tax benefit (expense)			1,975				1,051				1,673				(3,306	)
Net loss attributable to the Company		$	(4,071	)		$	(4,643	)		$	(9,283	)		$	(31,035	)
Weighted average shares of Class A common stock outstanding - basic and diluted			91,821,369				89,170,814				91,519,789				88,894,820
Loss per share of Class A common stock outstanding - basic and diluted		$	(0.04	)		$	(0.05	)		$	(0.10	)		$	(0.35	)

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, 2024 and 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 June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
Post-Merger Repay Units exchangeable for Class A common stock			5,844,095				6,459,153				5,844,095				6,459,153
Unvested share-based awards of Class A common stock			6,645,141				5,772,187				6,645,141				5,772,187
Outstanding stock options for Class A common stock			1,148,822				1,148,822				1,148,822				1,148,822
2026 Notes convertible into Class A common stock			13,095,238				13,095,238				13,095,238				13,095,238
Share equivalents excluded from loss per share			26,733,296				26,475,400				26,733,296				26,475,400

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- References

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- 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

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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