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NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2021

Noncontrolling Interest [Abstract]

Summary of changes in noncontrolling interest

The following table summarizes the changes in ownership of OpCo Units in Nerdy LLC, excluding Earnouts, for the period beginning September 20, 2021, the Closing Date of the Reverse Recapitalization, and ending December 31, 2021 (see Note 1).

		OpCo Units												Ownership Percentage
		Nerdy Inc. (a)				Legacy Nerdy Holders				Total				Nerdy Inc. (a)				Legacy Nerdy Holders				Total
Beginning of period			—				—				—				—	%			—	%			—	%
Issuance of OpCo Units			79,233				70,613				149,846				52.9	%			47.1	%			100.0	%
Vesting of equity awards			38				16				54				—	%			—	%			—	%
End of period			79,271				70,629				149,900				52.9	%			47.1	%			100.0	%

(a) Includes OpCo Units held by certain Legacy Nerdy Holders, who were issued 11,550 shares of Class A Common Stock of Nerdy Inc., excluding Earnouts, in connection with the Reverse Recapitalization, and therefore, indirectly, owned 11,550 OpCo Units of Nerdy LLC. As of December 31, 2021, these Legacy Nerdy Holders own 11,550 shares, excluding Earnouts, of Class A Common Stock of Nerdy Inc., and therefore, indirectly own 11,550 OpCo Units, or 7.7%, of total OpCo Units of Nerdy LLC, which are held by Nerdy Inc.

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- Definition

The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4M
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591554-111686

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X

- References

No definition available.

+ Details

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