XML 51 R41.htm IDEA: XBRL DOCUMENT
v3.23.1

NET INCOME (LOSS) PER SHARE (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Income (Loss) Per Share | Basic and diluted net income (loss) per share was calculated as follows:
| Three-Month Period |  | Six-Month Period
| Successor |  |  | Predecessor |  | Successor |  |  | Predecessor
| Three Months Ended June 30, 2022 |  |  | Three Months Ended June 30, 2021 |  | Period from January 27, 2022 through June 30, 2022 |  |  | Period from January 1, 2022 through January 26, 2022 |  | Six Months Ended June 30, 2021
Net loss per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.29) |  |  |  | n/a |  | $ | (0.71) |  |  |  | n/a |  | n/a
Diluted | (0.33) |  |  |  | n/a |  | n/a |  |  | n/a |  | n/a
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net loss attributable to System1, Inc. | (25,737) |  |  |  | n/a |  | $ | (61,806) |  |  |  | n/a |  | n/a
Change in fair value of warrant liabilities | (4,139) |  |  |  | n/a |  | n/a |  |  | n/a |  | n/a
Net loss used in diluted computation | $ | (29,876) |  |  |  | n/a |  | n/a |  |  | n/a |  | n/a
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding used in computing basic net loss per share | 89,701 |  |  |  | n/a |  | 86,840 |  |  |  | n/a |  | n/a
Adjustment for incremental shares from applying treasury stock method | 1,481 |  |  |  | n/a |  | n/a |  |  | n/a |  | n/a
Weighted-average common shares outstanding used in computing diluted net loss per share | 91,182 |  |  |  | n/a |  | n/a |  |  | n/a |  | n/a
Basic and diluted net income (loss) per unit | n/a |  |  | $ | 0.57 |  |  | n/a |  |  | $ | (1.81) |  |  | $ | 0.90 |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | n/a |  |  | 11,772 |  |  | n/a |  |  | (37,061) |  |  | 18,515 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted-average membership units outstanding - basic and diluted (units in thousands) | n/a |  |  | 20,488 |  |  | n/a |  |  | 20,488 |  |  | 20,488 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration