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Equity and Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Equity and Net Loss Per Share [Abstract]

Schedule of Weighted Average Shares of Common Stock Outstanding

The weighted average shares of common stock outstanding for the three and six months ended June 30, 2024 used to determine the Company’s Net income per share reflects the following:

		For three months ended				For six months ended
(amounts in thousands, except number of shares and amount per share)		June 30, 2024				June 30, 2024
Numerator:
Net income			8,028				122,052
Net income attributable to noncontrolling interests			6,794				103,648
Net income available to Class A common stockholders			1,234				18,404
Adjustment for dilutive earnout units at Falcon’s Beyond Global, LLC			(1,174	)			(5,055	)
Dilutive net income attributable to Class A common stockholders			60				13,349
Denominator:
Weighted average Class A common stock outstanding – basic			10,008,941				9,515,230
Adjustment for dilutive Class A earnout shares			57,692				216,346
Weighted average Class A common stock outstanding – diluted			10,066,633				9,731,576
Net income per Class A common share – basic:			0.12				1.93
Net income per Class A common share – diluted:			0.01				1.37

Schedule of Anti-Dilutive or Issuance of Such Shares

The following securities were not included in the computation because the effect would be anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:

		For the three months ended				For the six months ended
		June 30, 2024				June 30, 2024
Class A earnout shares			1,437,500				1,312,500
Class B earnout shares			56,062,500				51,187,500
Warrants to purchase common stock			5,198,420				5,198,420
RSUs			966,630				966,630

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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 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

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