Quarterly report pursuant to Section 13 or 15(d)

Net Earnings (Loss) Per Share (Tables)

v3.22.2.2
Net Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation Between Earnings Per Share, Basic and Diluted
The following provides a reconciliation between basic and diluted EPS attributable to Class A Common Stock for the three and six months ended June 30, 2022 and 2021.
Three Months Ended June 30, Six Months Ended June 30,
(in thousands, except per share amounts)
 2022 2021 2022 2021
Net income (loss) attributable to Class A Common shares - basic
 $ 21,950  $ —  $ 3,523  $ — 
Less gain in fair value of Private Placement Warrants (37,016) —  (13,004) — 
Net income (loss) attributable to Class A Common shares - diluted
 $ (15,066) $ —  $ (9,481) $ — 
Weighted average number of Class A Common shares outstanding - basic
 80,523  —  73,489  — 
Effect of dilutive Private Placement Warrants 2,922  —  2,715  — 
Effect of dilutive equity awards —  —  —  — 
Weighted average number of Class A Common shares outstanding - diluted
 83,445  —  76,204  — 
Net income (loss) per share of Class A Common Stock
Basic
 $ 0.27 $ — $ 0.05 $ —
Diluted $ (0.18) $ — $ (0.12) $ —