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NET INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income Per Share

Basic and diluted net income (loss) per share was calculated as follows:

Successor

Predecessor

Period from January 27, 2022 through December 31, 2022

Period from January 1, 2022 through January 26, 2022

Year Ended December 31, 2021

Basic and diluted net loss per share

$

(3.77)

n/a

n/a

Numerator:

Net loss attributable to System1, Inc.

$

(336,397)

n/a

n/a

Denominator:

Weighted-average common shares outstanding used in computing basic net loss per share (shares in thousands)

89,251

n/a

n/a

Basic and diluted net income (loss) per unit

n/a

$

(1.81)

$

1.61

Numerator:

Net income (loss)

n/a

$

(37,061)

$

32,996

Denominator:

Weighted-average membership units outstanding - basic and diluted (units in thousands)

n/a

20,488

20,488

X

- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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