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Earnings per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per ShareBasic (loss) earnings per share of Class A common stock is computed by dividing net (loss) income attributable to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted (loss) earnings per share of Class A common stock is computed by dividing net (loss) income attributable to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted (loss) earnings per share of Class A common stock (in thousands, except shares and per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |
Net (loss) income | $ | (16,224) |  |  | $ | 11,149 |  |  | $ | (153,230) |  |  | $ | 41,460 |
Less: net (loss) income attributable to non-controlling interests | (1,215) |  |  | 1,519 |  |  | (9,912) |  |  | 7,276 |
Net (loss) income attributable to Funko, Inc. — basic and diluted | $ | (15,009) |  |  | $ | 9,630 |  |  | $ | (143,318) |  |  | $ | 34,184 |
Add: Reallocation of net (loss) income attributable to non-controlling interests from the assumed exchange of common units of FAH, LLC for Class A common stock | — |  |  | — |  |  | — |  |  | 5,397 |
Net (loss) income attributable to Funko, Inc. — diluted | $ | (15,009) |  |  | $ | 9,630 |  |  | $ | (143,318) |  |  | $ | 39,581 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares of Class A common stock outstanding — basic | 48,236,867 |  |  | 46,874,285 |  |  | 47,640,974 |  |  | 43,670,297 |
Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock | — |  |  | 146,109 |  |  | — |  |  | 8,005,100 |
Add: Dilutive Funko, Inc. equity compensation awards | — |  |  | 2,665,985 |  |  | — |  |  | 2,315,109 |
Weighted-average shares of Class A common stock outstanding — diluted | 48,236,867 |  |  | 49,686,379 |  |  | 47,640,974 |  |  | 53,990,506 |
(Loss) earnings per share of Class A common stock — basic | $ | (0.31) |  |  | $ | 0.21 |  |  | $ | (3.01) |  |  | $ | 0.78 |
(Loss) earnings per share of Class A common stock — diluted | $ | (0.31) |  |  | $ | 0.19 |  |  | $ | (3.01) |  |  | $ | 0.73 |
For the three months ended September 30, 2023 and 2022, an aggregate of 10.3 million and 6.0 million, respectively, and for the nine months ended September 30, 2023 and 2022, an aggregate of 10.6 million and 1.9 million, respectively, of potentially dilutive securities were excluded from the weighted-average in the computation of diluted (loss) earnings per share of Class A common stock because the effect would have been anti-dilutive. For the three months ended September 30, 2023 and 2022, anti-dilutive securities included 4.4 million and 4.3 million, respectively, and for the nine months ended September 30, 2023 and 2022, anti-dilutive securities included 4.4 million and 0.0 million, respectively, common units of FAH, LLC that are convertible into Class A common stock, but were excluded from the computations of diluted (loss) earnings per share because the effect would have been anti-dilutive under the if-converted method. Shares of the Company’s Class B common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been presented.

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